Tuesday 29 September, 2020

Culture of innovation needed to unlock new growth opportunities

The Barbados Investment and Development Corporation (BIDC) is seeking to create a culture of innovation as a means of unlocking new growth opportunities for Barbados.

Chief Executive Officer, Sonja Trotman, says this is the main driving force behind the Corporation’s hosting of the second installation of the Innovate Barbados conference.

Scheduled for November 1 and 2 at the Lloyd Erskine Sandiford Centre, Trotman said creating a culture of innovation is now more important than ever in driving economic growth.

“Innovation in the form of processes, products, services, technologies and practices is a tremendous force for social change and significant emphasis has to be placed on achieving the right balance of enabling policies, the availability of appropriate finance, quality human capital, venture-friendly markets for products, and a range of institutional and infrastructural supports, if we are indeed to create a conducive culture and propel enthusiasm among entrepreneurs.”

The conference will bring together big and small businesses, innovators, creatives and policymakers with a focus on finding unique ideas for leveraging Barbados’ best opportunities in manufacturing and services.

Under the theme, Innovate For Impact, the two-day event will explore how small states like Barbados can transform into global players and how entrepreneurs facing resource challenges can carve sustainable niches for themselves.

The conference is designed to deliver thought-provoking sessions amidst a transformed setting. Barbados’ Ambassador to the USA, H.E Selwin Hart, will deliver a keynote address on Surviving Impact: Building Storm Ready Economies in the Era of Super Storms.

More than 20 other thought leaders from the USA, Canada, Argentina, UK, Jamaica, Trinidad, Colombia, Venezuela and Barbados will over the two-day period deliver key insights on how participants can blend commerce and creativity for new growth opportunities.

Among them will be Former Prime Minister Hon. Owen Arthur addressing the smart city concept through a presentation titled Smart Can be Small; Juan Carlos Navarro, Lead Technical Specialist, IDB, elaborating on The Road to Smart Specialisation; Futurist, Professor Anthony Clayton from UWI Jamaica delivering a keynote on Outrunning the Future; Carlos Alvarez, AIC Medellin, Colombia who will address the Mission Impossible, Making Improbable Ideas come to Life; Evolutionary Biologist, Tamsin Woolley-Barker, outlining Lessons from the Birds and Bees and Ignacio Peronne, Research Manager, Frost & Sullivan who will look at Global Megatrends and their Impact on business. 

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