Foresighting, Growth & Innovation
Project Outcomes for the Sector Studies
NIHERST presented the Project Outcomes for the
Foresighting, Growth & Innovation Sector Studies on March 2nd 2007 at the
Crowne Plaza in Port of Spain. The seminar had a record turn out of
stakeholders from academia and the public and business sectors. Facilitator Ian
Ivey of NEXT Corporation and local researchers presented on the economic
returns of the niche business ideas or ‘Best Bets’ generated by the
foresight study and addressed policies for investment, human resource
development, and research to support business development based on these
niches. Business development roadmaps were outlined for a total of 16 ‘Best
Bets’.
Our research suggests that the selected sectors are at a threshold as the
‘Best Bets’ could grow rapidly and achieve the economic growth and social
objectives associated with the Vision 2020 project. However, for this to
occur the public and private sectors need to work in tandem. The outcomes thus far can be implemented immediately (Horizons 1 and 2).
Horizon 3 that provides long-term opportunities, research and development
needs, and a strategic plan to develop elite products from these ‘Best Bets’
would be formulated over the next few months.
The outcomes of the sector foresight
studies are detailed in the following reports:
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