Nicholas Brathwaite - Technology, Innovation and Entrepreneu

CULTURAL BARRIERS TO ENTREPRENEURSHIP

Serious changes are required. - Progress has been made over the past 35 - 40 years … but not enough - Governments and businesses still operate based on old practices and traditions - Philosophically tied to old colonial practices - How many times have we heard, "that is not how we do things down here” - Traditions are important, but we cannot allow some them to weigh us down - Time to try some new approaches

RISK AVERSION

RESISTANCE TO CHANGE • Tied to old practices that are holding back development

MISPLACED GOVERNMENT FOCUS • Too much focus on FDI not enough focus on assisting both established and new local businesses • Improved strategic relationships with the diaspora

FALL IN LINE CULTURE

Discouraging innovation & creativity

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LACK OF COLLABORATION Not working together / tearing each other down

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