Forty-nine business professionals from across the food and beverage, information and communication technology, and engineering sectors recently completed the pilot for the Scale Up Trinidad and Tobago (ScaleupTT) programme.
A product of the Trinidad and Tobago Unit Trust Cooperation, the programme lasted for three months and aimed at equipping participants with the tools and skills to aggressively grow their businesses.
As part of the ScaleupTT programme, the professionals learnt the three Cs of growing a business — customers, capacity and cash — and how these relate to sales and marketing, organisational development, and entrepreneurial finance to transform businesses to achieve their full potential.
At the virtual graduation ceremony last Tuesday, June 29, Minister of Trade and Industry Senator Paula Gopee-Scoon congratulated the first cohort of ScaleupTT.
“The fact that you are all here this morning, graduating from this rigorous programme, demonstrates your commitment and means that you are now equipped with the tools necessary to be able to effectively turn that desire for growth into reality,” she stated.
She also commended the graduating class for having the vision and drive to take their businesses to the next level. In this regard, Senator Gopee-Scoon challenged the business professions to apply the knowledge gained to their busines operations with the assurance that doing so will undoubtedly lead to further growth and success.
The minister also expressed feeling very encouraged by the tangible outcomes derived in such a short time period. She added that Trinidad and Tobago should position itself as the ideas and entrepreneurial capital of the region and called on graduates to become “trailblazers” in their field.
While underscoring the Government of Trinidad and Tobago’s support for innovation and entrepreneurship, as a critical ingredient for the growth and development of the economy, Senator Gopee-Scoon advised the class to take advantage of the resources available to them through the various ministries and agencies across the sectors in that country.
Executive Director of the Trinidad and Tobago Unit Trust Corporation Nigel Edwards also congratulated the graduating class during the virtual event and encoraged them to treasure the most rewarding experience — actual and meaningful results. He added that an important insight after the three-month period is that businesses are stronger working together, collaborating, connecting and deepening relationships.
“UTC is committed to being a catalyst in driving social change, supporting innovation, creating a community of exports and wealth creation at a national level,” he continued.
In sharing their experiences, participants attested their successes within the three month period, including increased sales, expansion to new markets, and new partnerships. In addition, they presented on their succession plans for the next six months to two years.