National Innovation Competition Workshops

admin Ministry News

In an attempt to generate interest among members of the public to participate in the up-coming National Innovation Competition, the National Council for Science and Technology (NCST) will be hosting four workshops across the island to disseminate information about the process.

The workshops will be held on Wednesday, June 10, and Thursday, June 11, at the Three Ws Pavilion, University of the West Indies, Cave Hill Campus, and the Alexandra School, Queen Street, St. Peter, respectively.

The sessions will continue on Wednesday, July 1, at the Princess Margaret Secondary School, Six Roads, St. Philip and the Lester Vaughan School, Cane Garden, St. Thomas.?? Each meeting will begin at 6:30 p.m. and will feature presentations from a regional innovator and motivational speaker, as well as resource persons from the Corporate Affairs and Intellectual Property Office, the Barbados Investment and Development Corporation and Fund Access.

Contestants in this year’s competition will vie for the top prize of $75,000, which will go towards converting their innovation into a marketable product.?? The winner will also be presented with the coveted Prime Minister’s Award for Innovation, while the second and third place finalists will receive cash prizes of $20,000 and $10,000, respectively.?? As part of the process, competitors will receive valuable information on compiling their business plans, marketing and presenting their products.

The National Innovation Competition, held under the auspices of the Ministry of Economic Affairs and Empowerment, Innovation, Trade, Industry and Commerce, is a catalyst for innovation in Barbados.?? Through this competition, Barbados would not only be able to take advantage of new opportunities, but also improve its competitiveness by increased growth, profit and market share of goods.

jwilson@barbados.gov.bb

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