The Office for Undergraduate Research hosted a presentation and discussion on commercialisation of research and specifically on the opportunity afforded undergraduates by The Guyana Innovation Prize. This session was led by Oslene Carringtion (see bio below). The Guyana Innovation Prize is a project of the The Guyana Economic Development Trust which is a U.S. based, independent, philanthropic organization that focuses on incubating and supporting projects with potential to develop the workforce and boost the private sector of Guyana.
The Guyana Innovation Prize is designed to provide “pre-seed funding to commercially viable and scalable ideas in technology and agro-processing emanating from the work of University of Guyana students, faculty, and alumni”. The Prize will be awarded annually on a competitive basis, and it requires participation in the Trust’s mentoring program.
Apart from providing information about the prize itself and responding to questions from those in attendance, Ms. Carrington delivered an informative presentation on the phases and salient issues involved in developing an idea into a profitable business venture.