IDB launches TechLab to strengthen digital growth and innovation in the Caribbean

The Inter-American Development Bank (IDB) has launched a new emerging technology laboratory for the Caribbean, TechLab, in Trinidad and Tobago. This initiative aims to boost the region's digital transformation agenda, fostering innovation and long-term economic growth.

The opening event was led by IDB Executive Vice President Jordan Schwartz, who was joined by Penelope Beckles, Minister of Planning and Development of Trinidad and Tobago; Hassel Bacchus, Minister of Digital Transformation of Trinidad and Tobago; Anton Edmunds, General Manager for the Caribbean of the IDB; and Jean-Michel Baudoin, Chief Information Officer of the IDB.

The decision to establish the TechLab in Trinidad and Tobago reflects the Caribbean’s growing commitment to using cutting-edge technology as a catalyst for economic and social development. This centre will primarily experiment with technologies such as generative artificial intelligence, virtual and augmented reality, robots and drones, among others. These technologies are key to critical areas such as smart city solutions and digital inclusion.

“Technology is transforming economies and societies, and the Caribbean has a tremendous opportunity to leverage digital innovation for development,” said Vice President Schwartz. “With this TechLab, we are creating a collaborative space where governments, academia and the private sector can experiment, co-create and implement innovative solutions tailored to the region’s unique challenges,” Schwartz added.

The TechLab will serve as a catalyst for public-private partnerships and capacity-building initiatives, empowering key players with the tools, knowledge, and resources needed to develop and scale transformative digital projects. This initiative also advances the IDB’s ONE Caribbean program , which promotes regional integration and resilience in the Caribbean through partnerships that have a broader regional impact.

“This lab represents a significant milestone for Trinidad and Tobago and the Caribbean’s digital transformation,” said Senator Hassel Bacchus, Minister of Digital Transformation for the Government of Trinidad and Tobago. “By creating opportunities to access emerging technologies, we seek to empower communities, improve public services and provide better solutions for our citizens,” he added.

The Trinidad and Tobago TechLab is the fourth laboratory established by the IDB, complementing existing centers in Washington, DC, Panama and Paraguay. The IDB will also launch an additional TechLab in Colombia for the Andean region, further expanding its commitment to regional digital transformation.

About the IDB

The Inter-American Development Bank (IDB) aims to improve lives in Latin America and the Caribbean. Founded in 1959, the IDB works with the region's public sector to design and facilitate innovative, impactful solutions for sustainable and inclusive development. By leveraging financing, technical expertise and knowledge, the IDB promotes growth and well-being in 26 countries.