Economic development theorists ((Schumpter 1942), (Romer, 1994), (Solow, 1956)) have established the theoretical constructs of scientific and technological developments as foundations to innovative solutions in the form of products, processes and services to long-term socio-economic development and prosperity to high-end economies around the world. It is through the pervasiveness of these innovations within markets which then spurs a sustainable social transformation and long term economic growth within nations.
The majority of scientific discoveries remain confined to dissertations and peer review publications where they remain hidden from their possible industrial applications. Given the challenges offered by current global events like environmental pollution, climate change effects, and diseases, the need for more rapid transmission of scientific discoveries from the realm of postgraduate dissertations and research papers to industrial applications is most critical. Hence, the need for a clear road map, allowing the connection of both pure and applied scientific discoveries to their industrial applications is obvious. Of course, for this to be achieved, a clear understanding of the constituent steps of such a process is germane. Hence, this brief workshop aims to map a possible path for achieving the aforementioned central goal, using previous experiences and examples.
The goal of harnessing our biodiversity to bring health and wealth to the people living in the Caribbean Region got a boost recently courtesy of a 2016 IUCN project entitled ‘Advancing the Nagoya Protocol in Countries of the Caribbean Region’ that had five components. This project was commissioned by eight governments (Antigua and Barbuda, Barbados, Grenada, Guyana, Jamaica, Saint Kitts and Nevis, Saint Lucia, Trinidad and Tobago) with GEF funding, had UNEP as its Implementing Agency and the International Union for the Conservation of Nature (IUCN) as the Executing Agency.
The global essential oils market has been estimated to be US$10.6b in 2021 rising to US$16.0b in 2026 [(Markets, 2021)1] as a result of growth in awareness to preventative healthcare, improvements in the standard of living, along with an increase in the demand for aromatherapy products. With the potential availability of relevant plant materials in Tobago, it is appropriate to develop a strategy for the introduction of Plant Extracts Industry in the island.
The control of invasive species in crops with low tolerance are seen as a public good. This makes it a collective responsibility led by government. This is done directly through public expenditure on control measures or indirectly through incentives to people whose actions may be a contributing factor to the problem. The risks associated with invasive species have been increasing especially with globalization but are changing in nature thus warranting novel strategies for their management.
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