The Caribbean Industrial Research Institute (CARIRI) has received financing from the European Union and IDB Lab, a member of the Inter-American Development Bank Group (IDB), for the Project, “Shaping the Future of Innovation”. The specific objective of the project is to catalyze an increase in innovation activity to drive business-led economic growth and jobs, via the development of new markets, products, services, and business models.
Component 3:
Building the Innovation Network: Activities under this component will seek to build a network model linking local actors as well as external (regional and international) accelerators, incubators, academic institutions, venture capital funds and company builders to create an innovation network that can support continuity and expansion of the innovation thrust in Trinidad and Tobago.
Component 2:
Building Industry and Academic Linkages: This component is geared towards piloting a programme that will improve collaboration between
tertiary level postgraduates and local firms in Trinidad and Tobago. In this component a platform will be established linking postgraduates, with private
sector firms seeking an intern specialized in specific areas to advance R&D /Innovation within their respective organizations.
Component 1:
The Innovation Challenge Facility: SMEs and other organizations will be invited to participate in a competitive call inviting applications for financing of innovation proposals 1 . This call will be a 2-step process and some technical support will be provided to prospective applicants in preparation of their proposals. The fund will finance innovation in goods, services and business models for applicants qualifying under each call.