Venture Capital Culture Lacking

While the government has taken steps to support digital transformation, there is still a major gap when it comes to private sector investment in local tech startups.

Large corporations and financial institutions in Trinidad and Tobago remain hesitant to pour significant capital into homegrown innovation, often preferring to import foreign solutions rather than backing local developers.

Without access to major funding, many promising startups struggle to scale, forcing our best tech talent to seek opportunities abroad.

I urge the government to introduce stronger incentives—such as stronger tax breaks, matching investment programs and venture capital partnerships that encourage businesses to invest millions into the local tech ecosystem.

By creating a thriving startup culture where private companies see tech innovation as a smart investment, we can build a more competitive digital economy that benefits all sectors.