CONTACT Magazine (Vol.19 No. 3 — September 2019)

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6 SEPT 2019 chamber.org.tt
Editor’s note Editor’s note How are we bolstering new entrepreneurs? Are accelerator programmes the answer? What financing options are available? In this issue of CONTACT, we explore these issues and more in Today’s Start-ups, Tomorrow’s Triumphs. According to the Ministry of the Attorney General and Legal Affairs, between January and December 2017 4,652 companies were registered in Trinidad and Tobago. The latest statistics available show that 3,826 were registered between January and October of the following year. With a growing number of start-ups entering the market, it is disappointing to note that Trinidad and Tobago ranked 109 for “attitudes toward entrepreneurial risk” in the 2018 Global Competitiveness Report (GCR), as compared with Jamaica’s 25. And with respect to “growth of innovative companies” Trinidad and Tobago ranked 125, and Jamaica 63. Though they are a bit dated, the most recent statistics from the Central Statistical Office (CSO) reveal that there were 29,582 business establishments in 2010. Of these +90% had 0-24 employees, predominantly small and mediumsized (SMEs) enterprises. So how did we score in the GCR on “financing of SMEs”? Trinidad and Tobago was 100, Jamaica ranked 83. In this issue of our Economic Outlook, the Chamber’s Trade & Business Development Unit tells us that “Trinidad and Tobago maintains its projection of average growth of 1% in 2019 to 2020.” In an economy characterised by slow growth, start-ups provide a much needed stimulus for innovation, job creation and even exports. How are we bolstering new entrepreneurs? Are accelerator programmes the answer? What financing options are available? In this issue of CONTACT, we explore these issues and more in Today’s Start-ups, Tomorrow’s Triumphs. Firstly, we examine Puerto Rico and the Business Model Canvas. We also look at the support mechanisms offered by the Trinidad and Tobago Chamber of Industry and Commerce. What financing options do local angel investors, credit unions and the stock exchange offer? UTT, CARIRI and ALJGSB tell us how their accelerator programmes are performing. In this issue of CONTACT, we present the second instalment of several new features. Read our “Five Top Facts” about taxation in Trinidad and Tobago. You will also hear from the Chamber on its recommendations for the 2019-2020 national budget, in “The Voice of Business”. We feature Stuart Dalgliesh of the SCL Group as our business profile story, and this edition of “Innovation in Business” showcases CGA (Coconut Growers Association), re-branding after over 80 years in business. “The Chamber’s Learning and Growth Corner” speaks to three business leaders about what they are reading. If you always wanted to know how the private sector can use the Caribbean Court of Justice to resolve regional trade disputes, we have you covered. Reflect, too, on the impact climate change is having on natural disasters, and what firms can do to mitigate this. The Chamber examines the economic prospects for Latin America and the Caribbean, and rates the local energy sector’s performance. We also welcome the Chamber’s new members. We look forward to your feedback on this issue: let us know what more Trinidad and Tobago can do to create an enabling environment for entrepreneurs. Natalie Dookie, Editor chamber.org.tt SEPT 2019 7
Page 1 and 2: Vol.19 No.3 - September 2019 The Vo
Page 6 and 7: Vol.19 No.3 - September 2019 Conten
Page 10 and 11: Creating the next generation of tyc
Page 12 and 13: Today's start-ups, tomorrow's trium
Page 15 and 16: Today's start-ups, tomorrow's trium
Page 17 and 18: Financing entrepreneurship: angels,
Page 19: Importing or Exporting in Trinidad?
Page 22 and 23: for developing business marketing m
Page 24 and 25: Voice of business VOICE OF BUSINESS
Page 26 and 27: The CCJ Bench Understanding the Car
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Page 30 and 31: Business profile courtesy the SCL G
Page 32 and 33: PROVIDING YOU WITH QUALITY PRODUCTS
Page 34 and 35: Growth and learning corner The Cham
Page 36 and 37: Climate change rise and changes in
Page 38 and 39: Advertorial EXPORTING 101 What is e
Page 40: CGA's Product Development Manager,
Page 43: top 5 facts Top 5 facts Taxation in
Page 46 and 47: Energy update Energy update by Reag
Page 48 and 49: Economic outlook Economic outlook b
Page 50: The Chamber and its members Welcome

CONTACT Magazine (Vol.19 No. 3 — September 2019)

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