Bridging the Gap to Commercial Application of Innovation
The project objective is to increase the rate of innovation exhibited by firms in Trinidad and Tobago The solution proposed by CARIRI involves building capacity in Technology Transfer Services (TTS) via the provision of technical support for the commercialization of innovation by local firms . The proposed Innovation Advisory Support (IAS) program will support individuals and firms with innovative ideas through the ideation with special expertise in idea validation, commercialization of IP and licensing. The program will support participants via the following process (1) proof of novelty (2) definition of the IP asset inherent in the innovation (3) development of the value proposition (4) market demand assessment (5) rapid pretotyping (as opposed to traditional prototyping) to demonstrate functionality and (6) commercialization either via business support services or sale/licencing to an existing commercial enterprise. In the latter case, the program provides trusted intermediation between inventors/innovators and established firms that may be interested in acquisition or licencing of an innovation for commercialization.

Project Detail

Country

Trinidad and Tobago

Project Number

TT-T1073

Approval Date

December 14, 2017

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

ENTERPRISE DEVELOPMENT, CLUSTERS AND INNOVATION

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 2,143,500.00

Country Counterpart Financing

USD 1,151,500.00

Original Amount Approved

USD 992,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-16607-TT Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-16607-TT
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000513-932739817-67
Monitoring and Evaluation Plan (during Execution)
ATNME-16607-TT PSR09443-12312022.pdf
Mar. 22, 2023
English
https://www.iadb.org/document.cfm?id=EZSHARE-932739817-21
Monitoring and Evaluation Plan (during Execution)
ATNME-16607-TT PSR07939-06302020.pdf
Jul. 19, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-61067606-9
Approved TC document
TT-T1073 - Donors Memorandum.pdf
Jul. 11, 2018
English
https://www.iadb.org/document.cfm?id=EZSHARE-932739817-2
Project Performance Monitoring Report
MIF Project Status Report-12-2018-ATN_ME-16607-TT - Rep8669.pdf
May. 03, 2019
English
https://www.iadb.org/document.cfm?id=EZSHARE-1232237141-32
Procurement Plan
Final draft procurement plan.xlsx
Jul. 17, 2018
English
https://www.iadb.org/document.cfm?id=EZSHARE-1232237141-38
Procurement Plan
TT-T1073 - Procurement Plan.pdf
Jul. 13, 2018
English
https://www.iadb.org/document.cfm?id=EZSHARE-61067606-8
Approved TC document
TT-T1073 - Memo de donantes.pdf
Jul. 11, 2018
Spanish

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