SRC encourages entrepreneurs to purchase formulations for products
The Scientific Research Council (SRC) is inviting budding entrepreneurs to purchase formulations for products that could create viable businesses.
Executive director at the SRC Dr Cliff Riley told a recent JIS Think Tank that each year, the SRC produces quite a large number of food and natural product formulations.
He said the council currently has formulations for sauces, seasonings, and beverages, which can be modified, based on the desire of the entrepreneur.
Riley explained that there are products that can be bought and be solely owned by the clients, and there are also products that can be purchased through partnership with the council, with exclusive or non-exclusive sale.
Marketing manager at the SRC Carolyn Rose Miller further explained that "based on market trends, the SRC develops food formulations and makes them available for persons to buy".
In addition to purchasing the formulations, Rose Miller said that persons could come with their ideas and "we will assist you in developing them under a contract".
She noted that the council is opened to signing contracts with clients, including non-disclosure agreements.
"Your intellectual property is very important, and so we ask persons to go to the Jamaica Intellectual Property Office to protect themselves," Rose Miller said.