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The T&T Entrepreneurship Directory

A list of entrepreneurship - related initiatives within Trinidad & Tobago categorised under the different domains of an entrepreneurship ecosystem.

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FAQs

1. Who is eligible to enter the i2i competition?

Individuals or team members over the age of 18 in Trinidad and Tobago or from the diaspora whose projects will be implemented in Trinidad and Tobago. Companies must have a minimum of 51% local ownership.

2. Can someone enter both i2i and Lumination at the same time?

Yes, you are allowed to enter both and can be awarded a grant in each programme. Please note, however, that the rules for timely completion of your project milestones will be enforced, so that you can be ejected from one or both programmes if you do not make progress with your projects.

3. What type of entries will be accepted?

i2i will accept entries that either create or improve products, services, system designs and process that is viable, sustainable and adds economic or social value to Trinidad and Tobago.

4. From what sectors should the entries come?

i2i accepts entries from a wide range of sectors – manufacturing, services, agriculture, creative industries, ICT, alternative energy, waste management, tourism and others.

5. Can you submit two (2) different applications for completely independent ideas?

Yes you can submit up to five (5) applications in a given programme year. However, you can only be awarded for one (1) idea.

6. Can memory cards be included with application?

Yes they can be enclosed with an offline submission.

7. What kind of funding will the winners receive?

Awardees will receive a grant of up to $200,000 through the CCI’s Innovation Financing Facility (IFF)

8. On what criteria will entries be judged??

Entries will be evaluated on their innovativeness, societal benefit, credibility of proposal, appropriateness of methodology and milestones, competency of project team, commercialisation prospects, financial capability and risk.

9. What is the opening date for submissions?

Submissions will be accepted from January 16th, 2015

10. What is the closing date for submissions?

The submission cut-off date is 6pm on March 6th, 2015

11. When will the selected projects be revealed?

The chosen projects will be revealed by April 30th, 2015

12. Do I require any special skills?

You must demonstrate that you possess some technical capability yourself or within your team, or network to carry out the projects. For individuals, this must be expressed in your letter provided by a professional referee.

13. Is a CV absolutely necessary?

While your CV is not mandatory, it is highly advised that you enclose your CV to provide evidence that you are capable of undertaking your proposed project.

14. Who would be considered a “Professional Referee”?

Teachers/Professors, Employers, Pastors/Church Elders, Police Officers can all be considered “Professional Referees” for the purpose of your i2i application.

15. If I use my Married Name, but haven’t changed my documents how would that affect my application? Do I need to include my marriage certificate as proof for surname?

It won’t affect your application once you identification documents can clearly support you.

16. What is “Proof of Concept”?

In a broad sense Proof of Concept can be thought of as a demonstration or representation of an idea to show that it can have potential real-word applications. It is a demonstration of feasibility that need not be a full or complete working prototype or representation of the concept being tested.

Proof of Concept means different things in different areas. In the manufacturing sector for example, it can mean the production of a scaled down and ‘bare bones’ prototype of the product to demonstrate its functional capabilities on a small scale. In the services sector, it can include the appropriate examination of a revenue model to test things like service deliver, receptiveness of target audience and cost efficiency. In the IT sector, specifically with software development, it can mean the demonstration of distinct processes through partial solutions with a small number of the intended user base. A popular related concept in the IT industry is the use of the lean methodology and a concept known as ‘Minimum Viable Product’

17. If I work for a company or own a company and it is submitting an application form can I also submit one?

If the company is submitting an application and you are submitting it on behalf of/or are part owner of the company, then you cannot submit an individual application. In this case it is considered a company submission.

18. Am I obligated to repay the monies I receive if I win?

Under the i2i competition winning participants receive grants to fulfill their dreams to start implementing their projects. It is not a loan programme but there are other obligations which winners must submit to.

19. Am I obligated to give back anything in return for the funding I receive in this programme?

Yes. All successful participants must commit to a maximum of 30 hours of assistance after completing the process and implementing their projects towards successful enterprises or ventures to give back to future participants as mentors or coaches.

20. How do I get funding after the competition/programme or after funding for my approved project is finished?

There are other funding support programmes for business development which the government provides such as through the National Entrepreneurship Development Company (NEDCO) or from financial institutions such as banks. However, participating in this programme does not in any way guarantee you a loan or credit at other institutions. You must submit to the rules, regulations and criteria to access financing in those schemes or institutions.