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Generation Y & Vision 2020: Harnessing the Potential

With six years of experience in innovation and invention, and in the wake of the government’s adoption of the Vision 2020 development strategy, NIHERST has taken a bold step forward, advancing initiatives for developing an innovative population using a foresight study on Generation Y. Generation Y is the 14-28 age group that will comprise a critical component of our society and labour force in 2020.

NEXT Corporation was employed for this task because of its experiences in foresighting studies and the innovative programmes that New Zealand has developed and implemented for its youth and Maōri people.

The Generation Y (Gen Y) foresight study for Trinidad and Tobago set out to answer three questions:

  1. How can Gen Y best help to create the socio-economic changes envisaged by Vision 2020?

  2. How can the country attract and retain this Generation – both within the country and through the Diaspora?

  3. What are the ‘Best Bet’ options (programmes, policies and initiatives) that can support the most successful outcomes for members of this Generation and how can they be best implemented?

The study was undertaken in five phases, four of which have already been completed.

Phase 1. The initial or “breakthrough” phase introduced Gen providers to the concept of strategic foresighting and collected early feedback on issues that members of Gen Y would face.

Phase 2. This phase collected feedback from 90 Gen Y members from a range of ethnic, educational, socio-economic, backgrounds and from different parts of Trinidad & Tobago. It also included the views of 20 Gen Y members residing in Canada and the USA.

Phase 3. This phase identified major Gen Y issues. Four major issues were identified as hindering Gen Y’s aspirations in T&T - networking skills and capabilities, information technology and computing capabilities, the lack of a personal ‘Vision 2020’ and a pressing need for entrepreneurship and innovation.

Phase 4. The fourth phase developed ‘best bet’ solutions as well as full strategic implementation opportunity cases for addressing the major needs . Six ‘best bets’ were identified by 95 Gen Y individuals and Gen Y providers at a workshop held on March 15, 2008. These are currently being further defined and developed into comprehensive strategic propositions for submission to the relevant agencies. They include:

  • Youth Arise – a youth self-empowerment programme with personalised education and mentoring.

  • Get Up & Go – a one-stop shop and business education facility to get businesses up and running and modernised.

  • Going Global – which builds global niche businesses with a particular emphasis on e-commerce.

  • Global ICT – learning how to use ICT in a global context for personal and business purposes, emphasising leading edge developments in technology and applications.

  • Lifelong Learning – which uses personally customised education to keep individuals at the leading edge throughout their lives.

  • The Private Members Entrepreneurs & Innovation Club – an opportunity to network locally and globally with other entrepreneurs and innovators to self mentor, leverage off each other, and generate success.

Phase 5. Phase Five involves marketing the solutions and setting up public-private sector partnerships to implement them so that Gen Y can play a leading and more productive role in Trinidad and Tobago’s development.

 
Report File Size
Global Foresight & Local Context Setting Report 2.44 Mb
Interview Transcripts Part 1: Generation Y T&T Executive Summary 105 Kb
Interview Transcripts Part 2: Generation Y Providers Executive Summary 97 Kb
Interview Transcripts Part 3: Generation Y Expatriates Executive Summary 94 Kb
Gen Y Breakthrough Workshop Outcomes 354 Kb
Gen Y Phase 3 Report "Best Bet" Opportunity Areas 632 Kb
Gen Y Phase 4 Best of the "Best Bets" - Outcomes Report from March 15th Workshop 141 Kb
Best Bet 1 Proposition: 'Y-Vision' 1.06 Mb
Best Bet 2 Proposition: 'My Own Global Business' 698 Kb
Best Bet 3 Proposition: 'Wired' 621 Kb
Best Bet 4 Proposition: 'Get Up and Go' 411 Kb
Best Bet 5 Proposition: 'Passion Based Life Long Learning' 1.5 Mb
Best Bet 6 Proposition: ‘Private Members Entrepreneurship & Innovation Club’ 1.04Mb
   

 

Written: July 2008

 

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