Research and Development Facility (RDF)


What is the Research & Development Facility?

The Research and Development Facility is a grant fund to provide financial support to the non-energy manufacturing and services sector. The aim of the project is to stimulate and support investment in new and advanced technology and innovation as a competitiveness enhancement tool for enterprises in the non-energy manufacturing and services sectors.

Objectives:

  1. To help manufacturing and service firms to develop innovative products, processes, systems and services;
  2. To increase the number of companies performing effective R&D in Trinidad and Tobago;
  3. To increase the scale of the investment in R&D in Trinidad and Tobago;
  4. To increase the number of companies doing R&D for the first time.

Eligibility Criteria:

  • The RDF is open to sole proprietors, businesses, partnerships and companies
  • Must be an established business in Trinidad and Tobago in operation for at least one (1) year as evidenced by audited financial statements and/or bank statements
  • Must be locally owned
  • Must be from the non-energy manufacturing and services sector
  • Must show evidence of being able to cover the required Client Contribution percentage of project costs based on the business size category.

Ineligible Businesses for Grant Funding

  • Energy companies
  • Start-up operations
  • Businesses that deal in alternative medications

Criteria For Assessment

Applications will be evaluated based on several areas:

  1. Market research & strength of the market including competitor analysis, data collection methods and market testing
  2. Management and Technical experience of project team including plans for transfer of knowledge, local competence etc
  3. Local content
  4. Business Competence such as systems, procedures and policies and business sustainability
  5. Impact of the project on strategic direction of the business
  6. Commercial viability
  7. Degree of Innovativeness
  8. Impact on local economy
  9. Export potential
  10. Applicability of R&D activities.

Applications for funding of patent registration will also be evaluated on the feasibility of the proposed method of commercialization of the patent.

Click here to find out more about the application and approval process

 
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