 us group to fund ug s business school innovation prize us group to fund ug s business school innovation prize us group to fund ug s business school innovation prize webmaster mon 5282018 1905 the usbased philanthropic organization the guyana economic development trust is partnering with the school of entrepreneurship and business innovation sebi of the university of guyana ug to provide funding for an annual guyana innovation prize to encourage innovation and entrepreneurship the organisation s founder oslene carrington told stabroek news yesterday several tens of thousands of us dollars are on the table for them to grow their businesses carrington who made a presentation during one of the sessions at the sebi inaugural entrepreneurial conference 2018 held over the past three days at the ramada georgetown princess hotel at providence told stabroek news yesterday that soon the guyana innovation prize will award students faculty and alumni who are engaged in innovative projects and innovative research that is connected to technology and agroprocessing eligible candidates for funding will be selected from applicants who presented their ideas at ug s undergraduate conferences held in 2017 and 2018 eight to ten projects with working ideas which have been tested she said are ready for further evaluation they are phenomenal ideas and if they are funded they can actually generate new products and services that are made in guyana and can be stamped as made in guyana she said those evaluating the projects she noted are seasoned bankers technologists and academics all of us have had businesses or currently have businesses we will fund those business ideas based on our collective agreement and provide mentoring and support to those businesses to the point where those students can go and seek out equity financing and loans and so forth to grow them even further she noted the guyanaborn carrington a banker and an academic further said those ideas could then become companies that employ people we have young people who are really smart with great research ideas converting those ideas into businesses can enable them to become fully employed and to employ other people that is the aim of the guyana innovation prize giving a background to the founding of the trust carrington who left guyana for the us at six years said ten guyanese of whom seven are based in the us and three in georgetown are its board members article adapted from  https wwwstabroeknewscom 2018 news guyana 523 usgrouptofundugsbusinessschoolinnovationprize  sebi inaugural entrepreneurship conference guyana economic development trust 