GEDT announces 2020-21 Innovation Prize Venture Fellows with cutting-edge projects in STEM
News > The Caribbean
By STEM Caribbean | Posted on August 11, 2020
The Guyana Economic Development Trust (GEDT) has announced the 2020-21 Innovation Prize Venture Fellows. The GEDT debuted the Guyana Innovation Prize in 2018, which involves the selection of promising research ideas based on a competitive application process. Once selected, Innovation Prize Venture Fellows are connected with mentors in Guyana and abroad for 12 months and receive assistance with developing business plans and revenue models for commercially viable, scalable businesses.
The Prize, which is not a research grant or a business plan competition, provides a platform that connects investors with startup businesses to turn cutting-edge research ideas into new business enterprises, creating jobs in STEM and boosting the private sector in Guyana.
Each year Venture Fellows with innovative ideas and solutions are chosen. The 2020-21 cohort’s ideas involve a broad range of promising breakthrough projects, from artificial intelligence and information technology to agriculture and medicine. More details about each project will be shared at a later date by the GEDT.
Scientist and inventor, Tandika Harry, a graduate of the University of Guyana, is the most recent winner of the Guyana Innovation Prize. Her invention, BeeStarch, naturally helps fruits and vegetables last longer after they’ve been harvested. BeeStarch also makes fruits like mangoes more succulent.
In addition to facilitating opportunities for economic growth in Guyana, the GEDT hosts events that provide a space for critical conversations.
Most recently, in June this year, the organisation hosted an engaging webinar discussing opportunities for the Caribbean’s development after the COVID-19 pandemic.
Later this year, on November 13, the organisation be will host a virtual day conference featuring startups and investors.
The GEDT is a U.S. based philanthropic organisation that was founded in 2018 and is an upcoming driving force behind Guyana’s economic growth, offering opportunities to invest in science and technology-based businesses. The organisation is not affiliated with any political organisations.
To support and invest in Guyana’s economic development, visit theguyanatrust.org for more information.