Basseterre, St. Kitts, May 29th, 2025 – The Ministry of Small Business, Entrepreneurship, Cooperatives & the Creative Economy of St. Kitts and Nevis and the Caribbean Industrial Research Institute (CARIRI) of Trinidad and Tobago have officially signed a strategic Memorandum of Understanding (MOU) to foster innovation, research, and enterprise development in the Federation.
This landmark agreement brings together CARIRI’s decades of expertise in scientific research, industrial development, and innovation with the Ministry’s expanding ecosystem of support for small businesses, cooperatives, and the creative economy.
“This agreement is a turning point in our mission to build a resilient, innovative, and entrepreneurial economy,” said Ms. Delrine Taylor, Permanent Secretary within the Ministry. “With CARIRI’s support we will further empower local MSMEs, especially in the creative and cooperative sectors, with the tools and insights they need to thrive.”
CARIRI, established by an Act of Parliament in Trinidad and Tobago, has supported Caribbean governments and industries in areas such as food and agribusiness, analytical chemistry, environmental testing, and entrepreneurial innovation. The agreement with St. Kitts and Nevis opens the door to joint training programs, research initiatives, innovation support services new joint ventures, funding opportunities, and economic empowerment programs.
CARIRI CEO Mr. Hans-Erich Schulz emphasized the regional importance of this partnership. “This collaboration reflects CARIRI’s commitment to building innovation capacity across the Caribbean. We are excited to bring CARIRI’s technical and advisory expertise to support the entrepreneurial aspirations of the people St. Kitts and Nevis.”
The official signing took place at the Minister’s Conference Room at Port Zante, witnessed by representatives from both organizations and members of the local media.
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