Demerara Bank Limited has revealed the ten winners of the 2025–2026 DBL Innovation Tank, completing a vibrant competition that highlighted the creativity and entrepreneurial spirit across Guyana. Launched in September 2025, this initiative aims to support early-stage businesses and startups through a G$10 million Corporate Social Responsibility commitment, providing non-repayable grants, mentorship, and practical business development support.
The DBL Innovation Tank, guided by the motto “Dream. Build. Lead.,” sought to help entrepreneurs transform their ideas into sustainable ventures that contribute to Guyana’s economy. The response was overwhelming, with over 200 applications received, each presenting innovative solutions to various challenges.
After a structured evaluation process assessing innovation, scalability, and potential for sustainable development, 23 entrepreneurs were shortlisted to participate in a development phase. This phase offered mentorship and training from experienced professionals, bolstered by partnerships with organizations such as the Guyana Manufacturing & Services Association and the American Chamber of Commerce Guyana.
The competition culminated on March 7, 2026, during Pitch Day, where finalists presented their ideas to a panel of judges comprised of banking experts. The judges evaluated pitches based on several criteria, including business concept clarity, market opportunity, business models, and social impact.
After careful consideration, the panel selected the following winners, each receiving grant funding of G$1 million, along with continued mentorship and networking opportunities:
Ruth Pendleton – Divine Preserves: Expanding production and market reach for traditional Guyanese condiments and preserves.
Da Costa Aboagye – ProElevate Sports Agency: Developing structured pathways for young footballers to access local and international opportunities.
Nadeen Dejonge – Agri Organics & Solutions: Establishing specialized growing systems for year-round celery production.
Winton Camacho – Aqua Greens Guyana: Expanding hydroponic vegetable production for a sustainable, pesticide-free supply.
Kevin Higgins – Farm For Christ: Growing organic crops to strengthen food security and community outreach.
Kayteram Prasaud – Legacy Shine Automotive: Acquiring professional detailing equipment for premium vehicle care services.
Andre Sargeant – Selector Andre Entertainment: Expanding music production and recording capabilities for local artists.
Delon Simpson – Kukki Agriculture: Introducing tambaqui fish alongside tilapia to boost protein supply and local food security.
Ann Marie Machado – Auto Climate Solutions: Expanding mobile automotive AC services for faster on-site diagnostics.
Sherman Gonsalves – G. Reclaim, Recycle & Construction: Transforming coconut waste into high-quality charcoal for sustainable energy.
Demerara Bank views the Innovation Tank not merely as a competition, but as a long-term commitment to fostering entrepreneurship and supporting small businesses that can create jobs and strengthen the economy.
The Bank expressed gratitude to everyone involved, including applicants, participants, mentors, judges, and partner organizations that contributed to the program’s success. They also praised the 23 finalists and the spirit of innovation demonstrated by all the applicants.
Looking ahead, Demerara Bank is committed to expanding the DBL Innovation Tank initiative in future years, further supporting entrepreneurs and contributing to national development through innovative financial services and community-focused initiatives.
