Latest update January 4th, 2025 5:30 AM
Mar 18, 2021 News
– as Govt. develops Entrepreneurship Development and Innovative Fund
Kaieteur News – The government is currently developing an Entrepreneurship Development and Innovation Fund which is expected to stimulate new innovation and new businesses. This disclosure was made by Minister of Tourism, Industry and Commerce, Oneidge Walrond, as she addressed a forum in Bartica on Tuesday.
The Minister, who was speaking to students of the Bartica and Three Miles Secondary Schools,
challenged them to “dream big and think outside the box”. She went on to reveal that small businesses are the drivers of wealth creation in nations and noted it is necessary to begin thinking about entrepreneurship from a young age.
Minister Walrond emphasized that entrepreneurship must not be considered as simply starting a business but also about adding value and solutions to the communities, outside of resources that might be immediately available. Entrepreneurship, she pointed out, is also about meeting a need. She noted that schools are incubators of many ideas that can be monetised. “As your minds are young and agile, don’t get confined to a structure; think solutions; there are problems all around you; there are problems to be solved; that is how you think and how ideas are born,” the minister told the students.
According to the Minister, “We will support the research and development of those ideas. We will fund technical advice for you to bring those ideas into implementation and possibly into a full-blown business that you can monetize,” she posited. The Minister added that the Government wants to encourage students to get more involved in developing business and innovative ideas.
On Tuesday, a total of 150 students of the Bartica Secondary and Three Mile Secondary Schools participated in a State of Entrepreneurship Survey. The survey is being conducted by the Ministry of Tourism, Industry and Commerce and targets students and business owners. Speaking with students at the Bartica Secondary School, Director of Business and Entrepreneurship, John Edghill, said that government is aiming to understand the entrepreneurship aspirations of students. “We have crafted a very specific survey geared at understanding the spirit of entrepreneurship among our students,” the director disclosed. He noted that information gathered from the survey will assist the Ministry in developing programmes and policies that can assist students in becoming entrepreneurs. “We believe that entrepreneurship is a pathway to having that life we want to live and is also a pathway to developing the lives of other people who reside in our communities, including our families. So, we bring you the message of entrepreneurship,” Edghill noted.
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