The Bermuda Economic Development Corporation has launched a new competition, with five local vendors winning a chance to showcase their products in New York.

The “Vend 2 Win” competition will offer the best vendors an all-expense paid trip to New York, hotel accommodations, and the chance to take part in The Reserve, a large shopping and networking event in June.

Ondreyah Rochester, BEDC Trainee Economic Development Officer, said: “BEDC is pleased to be able to provide micro enterprises on the Island this fantastic opportunity to raise the bar and participate on an international level in the Big Apple.

“Rather than just offering this sponsorship to businesses we were familiar with, we decided to try something new and host the Vend 2 Win Competition.

“This is a fair way for us to assess which vendors are ready to represent the island overseas and can make the most of the opportunity, added exposure and knowledge that comes from taking part in The Reserve.

“We also want entrepreneurs to know that vending isn’t only a side hustle, it can be a primary source of income when executed and marketed properly.”

The competition will begin at the upcoming Vend 2 Win Vendors Market, to be held at the Bermuda Athletics Association Hall on May 19 between 2pm and 6pm.

All those looking to enter the competition must take part in the free market.

A secret panel of judges will walk through the market, rating vendors on their booth presentation, customer service, packaging and the buying experience.

Erica Smith, the Executive Director of the BEDC, said she was pleased to provide five local entrepreneurs with the chance to experience a vendor market overseas and gain an awareness of what it takes to grow and scale their businesses internationally.

“We consider this an educational experience for local entrepreneurs and expect for them to come back inspired, ready to take their ventures to the next level.”

To sign up for the free vendors’ market on Saturday, May 19, e-mail info@bedc.bm or orochester@bedc.bm. You will be sent an application form, which allows you to confirm your spot in the market.