M-Lab in Suriname

Paramirabo, May 4, 2016 - The Young Americas Business Trust (YABT), the Inter-American Development Bank (IDB) and the University of the West Indies (UWI) held another in a series of “Mini Lab for Entrepreneurs” on April 30, in Paramirabo at the Lallarookh Building Lalla Rookhweg 54 Paramaribo Suriname as part of the launch of the REACH Project in Suriname.

This training methodology has been adapted to a condensed but effective one-day sessions where practical tools for young people in the process in business creation are provided. These sessions, the Mini Business Labs create awareness among young people on the steps of generating creative innovative ideas that later can be transformed into real businesses. Facilitators use case studies, exercises, and graphic material to create an Interactive and participative session.

This workshop is organized by YABT with the support of national and international partners such as the Inter American Development Bank (IDB) & The Competitiveness Unit Suriname in the MTI and the Ministry of Trade and Industry (MTI) including the IP-Office Suriname (BIE). Minister of Trade and Industry, Hon. Sieglien Burleson was the Feature Speaker at the opening ceremony. Representing WIPO was Ms. Carol Simpson, Head, Caribbean Section, Bureau for Latin America and the Caribbean and Mr. Kasper Munk of the Danish Technological Institute and other specially invited business professionals.

There were ninety eight (98) participants and twenty (20) coaches. Three young entrepreneurs presented their businesses to the participants. They were Suriname Animation Network, Apura Networks and Bosroko Tshirts.

REACH, the Caribbean Regional Entrepreneurial Asset Commercialization Hub, is an IDB funded regional technical cooperation project being executed by the University of the West Indies. REACH is aimed at building the commercialization capabilities of competitively selected Caribbean entrepreneurs and firms. The project will provide institutional capacity building, training, and mentorship in three main thematic areas: (i) technology commercialization (ii) creative industries intellectual asset management and (iii) product branding value capturing.

At the end of the "Day of the Future Entrepreneurs in Suriname" event there were three outstanding elevator pitch winners out of ten teams. 

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About the Young Americas Business Trust 

The Young Americas Business Trust (YABT) is an international non-profit organization, founded in 1999, and works in cooperation with the General Secretariat of the Organization of American States (OAS). YABT supports OAS objectives and mandates of the Summit of the Americas, to develop and implement programs and activities that encourage entrepreneurship and leadership among youth in the countries of the Americas - fighting poverty and creating more opportunities for youth.