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Minister of Finance Nigel Clarke has challenged the University of the West Indies (UWI) to turn research into a profitable venture and help grow Jamaica’s economy. 

The Mona School of Business and Management (MSBM) believes its recently held Management and Business Conference helped in shaping its role to develop new methods in the Jamaican entrepreneurial ecosystem.

The MBA students, who did the course, International Business Management this semester, were presented with a unique opportunity or dare I say, challenge. The Wisynco Group Limited requested that they analyse its IT Operations in order to ascertain how this department could enhance the company’s future competitiveness.

Below is an excerpt from a speech delivered at the Mona School of Business & Management Annual Conference on Thursday, July 11.

Minister of Finance and the Public Service Dr Nigel Clarke says that the Government is budgeting $200 million this year in a special fund to promote research at local universities.

The Jamaica government is in discussions with the Inter-American Development Bank (IDB) for the provision of technical support in building Jamaica’s capacity to commercialise research, done by local tertiary institutions.

Finance and Public Service Minister, Dr. Nigel Clarke, said that the move is aimed at facilitating innovation in driving entrepreneurship.

The $200 million allocated by the Government of Jamaica for research is expected to be used to finance business and entrepreneurial programmes at tertiary institutions taking up the offer.

The funds, earmarked in the 2019/20 Budget, are part of the Administration's thrust to drive entrepreneurship through research and development.

The $200 million allocated by the Government for research is expected to be used to finance business and entrepreneurial programmes at tertiary institutions taking up the offer.

The funds, earmarked in the 2019/20 Budget, are part of the Administration’s thrust to drive entrepreneurship through research and development.

A collaborative effort between the Jamaica Stock Exchange (JSE) and the Planning Institute of Jamaica (PIOJ) to create a framework for social enterprises to be listed on the Jamaica Social Stock Exchange (JSSE) is currently under way.

“Water Warrior” Leanne Spence is the co-principal of Instant-Save Conservation. It's an environmental business that provides water efficiency solutions that help people reduce their water, sewerage and energy use by assessing and retrofitting properties with high-efficiency plumbing fixtures and systems. These result in lower utility bills and improved resource management.

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