CARIRI Idea Advisory Service
We Help Innovative
Ideas Take Off
Unleash your innovation potential with the Idea Advisory Service from CARIRI! Take advantage of assistance in developing and launching your ideas.
About The IAS
CARIRI’s Idea Advisory Service is an initiative to encourage innovation and to assist persons with taking their idea to market. The Danish Technological Institute who has been providing this service in Denmark for the past forty-three years has trained a team from CARIRI with varying backgrounds and capabilities to execute this service in Trinidad and Tobago. CARIRI’s IAS has tailored their model to suit the needs of our economy and eventually the rest of the Caribbean.
What We Do
Many great ideas are not commercialized because of a disconnect between the idea, what the market wants and how the product or service is evaluated by the market. The Idea Advisory Service seeks to close this gap by working with innovators to assess the facts and assumptions surrounding their ideas. Once proof of business has been established, there are two pathways to commercialization either via business start-ups or licensing.
The Process
Submit your idea (online) or via physical application form at sensitization/idea generation sessions. Applicant is invited for an interview/screening session to determine whether he/she will be selected for the Core Programme.
Once successful, client signs Letter of Commitment (outlining deliverables and time frames)/Non Disclosure Agreement, to ensure that there are no breaches in confidentiality.
Core Programme
Development of Value Proposition
What are the benefits of the idea? What problem does the idea solve?Pretotyping & Costing
Demonstrate functionality of idea by using easily accessible, inexpensive resources to help determine the cost of production/providing the service.Development of Value Proposition
Can your idea be protected? You will have access to a free 30 minute consultation with an officer from the Intellectual Property Office.Development of Value Proposition
Obtain detailed feedback from key stakeholders in an effort to enhance the product or service through the user of any one or a combination of the following: Focus Group/Market Survey/Stakeholder Engagement.Advanced/Follow on Services – Start a business or License/Sell your idea to an existing company.
The Process
Submit your idea (online) or via physical application form at sensitization/idea generation sessions. Applicant is invited for an interview/screening session to determine whether he/she will be selected for the Core Programme.
Once successful, client signs Letter of Commitment (outlining deliverables and time frames), Non Disclosure Agreement and Memorandum of Understanding to ensure that there are no breaches in confidentiality.
Core Programme
Development of Value Proposition
What are the benefits of the idea? What problem does the idea solve?Pretotyping & Costing
Demonstrate functionality of idea by using easily accessible, inexpensive resources to help determine the cost of production/providing the service.Development of Value Proposition
Can your idea be protected? You will have access to a free 30 minute consultation with an officer from the Intellectual Property Office.Development of Value Proposition
Obtain detailed feedback from key stakeholders in an effort to enhance the product or service through the user of any one or a combination of the following: Focus Group/Market Survey/Stakeholder Engagement.Advanced/Follow on Services - Start a business of License/Sell your idea to an existing company.
IAS Benefits
Confidentially, independent and objective assessment of innovators' ideas anytime all the time
Involvement of the innovator in the idea validation and commercialization process
Identification and strengthening of the benefits of your idea to the target market
Assessment of the novelty of your idea and advice on which intellectual property tool would be the most relevant in securing your idea
Evaluation of market demand for your invention
Assistance in the development of a demonstration model (pretotype) where necessary
Identification and networking with potential licensees of your idea on your behalf
Negotiation of a licensing agreement
What Our Clients Say
Ready To Lift Off?
Get assistance in developing your ideas and taking them to market. Our service is designed to encourage innovation and help you succeed.