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

Regina King
King's Specialties
Read More
Being a member of CARIRI’s IAS has allowed for invaluable mentorship and also access to knowledge gain and sharing, inclusive of the many facets of intellectual property and also export. The IAS, together with the Business Hatchery Programme has helped to not just truly put me into the entrepreneurial mindset, but it also provided the tools to ensure that better and more sound business decisions are made.
Kevan Sinanan
Kevan Sinanan
YFumble
Read More
Entrepreneurship can feel like a lonely journey but entrepreneurs don’t need to travel this journey alone. One of the greatest experience is the one on one session with experts who helped me to brainstorm all possible scenarios aka Murphy’s law. In entrepreneurship, Murphy’s law (what can go wrong will go wrong) is common as the law of gravity but having CARIRI as a partner entrepreneurs can defy the law of gravity and soar to their fullest potential.
Janelle Nelson
Janelle Nelson
Inventor and Entrepreneur
Read More
The IAS team has been very professional and accommodating. I appreciate that their focus is not only on product development but the individual as well. They guided me through the Business Hatchery Programme which made me grow as an inventor and entrepreneur, this has allowed me to see a clearer path to bring my product to market. The programme has allowed me to network with key mentors, who together with the IAS team will further assist with the licensing of the product.
Nigel Jordan
Nigel Jordan
Twigs Naturals
Read More
Everyone has ideas. Most people have no clue about how to take their ideas to the next step. I have been able to gain advice not only how to act on my idea, Twigs Naturals but assistance in how to protect the intellectual property and develop more through innovation.

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.