There’s another major new initiate aimed at fostering the Caribbean startup sector.

It’s called CaribbeanIdEA, and it’s the newest program aimed at developing the Caribbean’s burgeoning startup ecosystem.

The program, a joint initiative between VentureHIVE, the US State Department and USAID, aims to connect entrepreneurs in the US and the Caribbean, with a focus on cultivating and growing innovative Caribbean businesses.

The program is a seven-week virtual accelerator with a five-day bootcamp for 10 Caribbean-based entrepreneurs running high-growth businesses.

The Caribbean IdEA BoomCamp, which starts June 6, will focus on providing support, engaging diaspora mentors and experts and creating “tangible and measurable impact,” according to organizers.

So who’s eligible for the Caribbean IdEA BoomCamp?

Those who have small or medium-sized enterprises seeking to scale, with a focus on a product, service, technology or innovation that will serve as a capacity-building tool; CEOs will need to commit to being an active participant in the virtual program, as well as come to Miami for a full week.

That means entrepreneurs have to answer the question: will the idea grow the local business ecosystem and have an impact on the Caribbean?

For more information, visit here.