13
Strategic Priority – Economic Growth, Job Creation, Competiveness and
Innovation
Science, Research and Development
33.
Projects in the area of Science, Research and Development were executed in fiscal 2013
with an investment of $0.3 million. These funds were expended on the Tobago Science Research
Centre, Tobago Sci-Tech Exposition, Popularisation of Science in Tobago Programme and the
Family Institute of Research, Science and Technology (F.I.R.S.T).
Economic Restructuring and Transformation
34.
The
Business Development Unit (BDU)
facilitates a business and entrepreneurship
support continuum to encourage the long-term development of the indigenous entrepreneurial
class needed for sustainable economic transformation. The BDU continued its pursuit of
development of Tobago’s small business sector in fiscal 2013 with a total expenditure of $19.7
million on several projects including:
•
the Business Incubator Programme
•
Enterprise Development
•
Technical Assistance Programme
•
Venture Capital and the Establishment of the Fish Processing Company of Tobago
Tourism
35.
In an attempt to improve the tourism product in Tobago the sum of $11 million allocated
was expended to pursue the following achievements:
•
installation of lights along the upper walkway at Fort King George Heritage Park
•
construction of a ramp to international standards for senior citizens and physically
challenged persons
