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The National Council for Science and Technology (NCST) is encouraging persons to put "pen to paper" and make their ideas become a reality, by participating in the National Innovation Competition.
Senior Technical Officer with the NCST, Charles Cyrus, explained that "applications are steady and enquiries are coming in" and has made a call for persons to continue to submit their concepts until the Friday, September 30, deadline.
This first phase of the competition requires participants to submit a two-page summary explaining their idea, demonstrating its innovativeness and illustrating benefits to the market. In addition, the suggested concept must have the potential for commercialisation and the implementation cost must not exceed $325,000.
In phase two, 10 entrants will be given technical assistance to formulate a business plan for their idea; while in the third and final phase, which will take place in February 2012, presentations of projects will be made, with the winner to be announced in March.?? The successful participant will be awarded $75,000 to take the concept from the drawing board to the marketplace.
For registration forms and additional information on the National Innovation Competition, contact the NCST at 427-5270.