Guyana Innovation Prize
Fostering Innovation and Entrepreneurship
GUYANA ECONOMIC DEVELOPMENT TRUST
The Guyana Economic Development Trust (GEDT) is an independent, United States – based philanthropic initiative that is fiscally sponsored by the Social Good Fund, a United States 501(c)(3) nonprofit organization.
GEDT supports the development of early stage scientifically- and technologically-oriented enterprises in Guyana. Through venture philanthropy, GEDT aims to achieve transformative change by incubating, accelerating and supporting projects that boost the private sector of Guyana and contribute to workforce development.
The Guyana Economic Development Trust supports private sector enterprise development, modern skills building and the creation of 21st-Century jobs by sponsoring:
- Innovation - Commercializing and scaling scientific and technological research to launch new companies
- Talent Development - Training, mentoring and skills development for startup founders
- Community - Fostering a startup society that enables the launch and growth of new enterprises
WHY SUPPORT ENTREPRENEURSHIP IN GUYANA?
Guyana currently ranks #22 out of 24 regional countries for entrepreneurial activity. Entrepreneurship is a vital source of economic growth in both emerging and advanced economies. Without it, there is limited private sector growth, resulting in few new employment opportunities and limited socioeconomic growth.
Today, much of the funding available to Guyanese entrepreneurs is provided by large foreign aid organizations and international development banks. There have been no diaspora-led initiatives to support startup growth and development, or the commercialization of promising research - we aim to change that with the Guyana Innovation Prize.
HOW WILL YOUR DONATION BE USED?
Your contributions will fund the annual Guyana Innovation Prize, which invests in the Innovation Prize Venture Fellow with the most commercially viable idea in order to further develop, deliver, and scale their research-turned-product and business.