What's new with Team TTO

July 10, 2020


Following the successful SIGA-Soccerex Webinar on the topic, “Football For All,” the Sport Integrity Global…
July 09, 2020

Lewis: Reinstate Munich Games 400m medallists Matthews, Collett

Caribbean National Olympic Committees (CANOC) president Brian Lewis is calling for the rescinding of a…
July 07, 2020

A sports-base approach is needed to help the youth

Last week, Trinidad and Tobago faced its own Black Lives Matter (BLM) day of reckoning.…
July 07, 2020

CANOC President calls for IOC to rescind life bans issued to athletes 48 years after…

Caribbean National Olympic Committees (CANOC) President Brian Lewis has called for the International Olympic Committee…
July 04, 2020

Matthews and Collett Banned From Olympics

MUNICH, West Germany, Sept. 8 — The International Olympic Committee barred today two United States…
July 04, 2020

Vincent Matthews and Wayne Collett: A Most Casual Protest With Most Striking Consequences

They stood there casually, one barefoot, hands on hips, the other in thoughtful repose, right…
July 04, 2020

Athletes Will Be Banned From Protesting at the 2020 Tokyo Olympics. But the Games Have…

The International Olympic Committee (IOC) announced new guidelines on Thursday that ban athletes from making…

Tokyo 2021 #1YearToGo

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Welcome to the Olympic Channel Live

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Team Elite Suits Up for Friday Afternoon Time Trial in San Diego https://t.co/0AUQ471VQK via @swimswamnews
Thursday, 09 July 2020 23:18
TeamTTO Transformational Leadership Webinar Pt. 3 with the lecturer Sport Management, UTT Mr. Stacey Cateau ▶️… https://t.co/MKYVbDMBEA
Thursday, 09 July 2020 15:28
Lewis: Reinstate Munich Games 400m medallists Matthews, Collett https://t.co/XPaRfGugLX
Thursday, 09 July 2020 14:20
A sports-base approach is needed to help the youth https://t.co/jPhFCNcTH0
Wednesday, 08 July 2020 19:07

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Dr Terrence Farrell, chairman of the Economic Development Advisory Board, has highlighted sport as one of the industries that could propel the country's economic diversification and assist in transitioning the economy away from its dependence on oil, gas and petrochemicals.

Farrell has also stressed the urgency of undertaking such initiatives, noting that demand for hydrocarbons is whittling down worldwide because of the global trend towards renewable energy.

Dr Farrell made the comments during his keynote address at the Trinidad and Tobago Olympic Committee's 2017 Future of Sport Conference, held yesterday at the Hotel Normandie. He said he was encouraged by the entrepreneurial theme of the conference, adding that sport possesses an entire eco-system, with opportunities for employment and earnings in different fields that would assist in the much-needed diversification.

The former deputy governor of the Central Bank said he would locate the initiative within the wider diversification strategy and road map his Board is advocating to the Trinidad and Tobago government.

“The definition of diversification, which has been adopted by the Board, is the increase in activities which are capable of generating foreign exchange earnings or saving foreign exchange,” Farrell said,

Noting waning demand for hydrocarbons and the global trend to renewable energy sources, he said a local sport industry had an opportunity to develop the entrepreneurial environment to offer global services similar to the model of Singapore, whose Singapore Airlines provides worldwide connections with the home country as a travel hub.

Farrell added the focus had to centre on a three-step process, including understanding our sporting capabilities and resources and realistic assessment; scanning the globe for needs of the sports marketplace through scientific analysis and developing and building relationships and networks with well-connected persons in the T&T and West Indian diaspora and serendipity.

“We have to get on with it. We can't crawl. We can't walk. We have to begin to run because we are running out of time,” he said. TTOC president Brian Lewis said the modern sports organisations must play a key role in diversification.

“The next step is becoming entrepreneurial and placing an entrepreneurial eco system,” Lewis explained.

“It is about science, technology, engineering and math because in the modern world, the digital economy is about ideas and scaling ideas.”

Lewis also added it is about women becoming more involved, plugging the TTOC's #femaleisfuture intitiative, adding that a recent study showed only 20 per cent of people in leadership positions in business are women.

“We cannot build a sustainable sport industry without entrepreneurial women. Women must lead the way because that is the way of the world,” Lewis concluded.

The conference also dealt with panel discussions on entrepreurship and the entrepreneurial mindset; using creativity to design and construct the business idea; protecting the idea and other legal issues for the entrepreneur and developing, starting, delivering and funding the venture.