Business leaders often perceive innovation as a means of growing their business. For 37-year-old Rick Cooper, it is no different. Cooper, managing director of Rico Technologies Ltd, entered his project–Interact XL–into the PitchIT Caribbean competition which was hosted by the World Bank under its infoDev programme in November 2012.
The competition enabled participants to pitch an innovative idea on web and mobile start-ups where the project was judged based on how professionally the idea was pitched as well as its novelty.
"I had a pet project that I started four years ago, so I said let me just try it out, let me pitch the idea; this was to the entire Caribbean region (who participated in the competition). From the hundreds who submitted, I got picked, which made me happy," Cooper said in an interview with the Business Guardian.
Each participant was given a mentor to train them on how to present their project. Now that he was successful at the Caribbean competition, Cooper moves forward to participate at the Global Forum of Innovation and Entrepreneurship in South Africa where he would have to pitch Interact XL to investors.
Talking about the project, Cooper said it was inspired by a close relative attaining high marks in mathematics at university, but was not a high achiever in the subject at secondary school.
Describing Interact XL, he said: "It's an online math platform. The point of difference between that platform and other platforms is that it meshes the specific teaching style with the learning style of the student."
The programme would enable the student to learn at their pace and was put together with the assistance of teachers and pedagogy specialists.
"What we endeavour is to create different teaching tools, different teaching styles that will be suited to the learning styles of the student. It is an organic programme, meaning that upon launch, it may be three teaching styles and five years later, it might be ten because we all have different types of learning styles.
"It (the programme) also has a feature where parents can get real time updates on the performance of the child after completing the exercises on the application."
This means that the parent can be at work and would receive a text message indicating the grade which the child scored.
Greenlighting the project
Congratulated during a business seminar and applauded for placing first in the PitchIT competition held last week by the T&T Chamber of Industry and Commerce in Westmoorings, Cooper said he felt humbled and honoured to be recognised.
To create the prototype four years ago and in order to enter into the competition, Cooper needed to collaborate with educators, "since then I have partnered with pedagogy or teaching specialists who would be on board once the programme gets a green light."
A Web developer by profession, Cooper had no problem in finding programmers, but finding SEA teachers proved a small challenge, especially as funding was limited and he had to rely on out-of-pocket expenses. Cooper was determined to succeed.
He said being an innovator can be frustrating.
"It can be a gift and a curse in the sense that you have to retard yourself, know what to put out early. You can't stop it; you just have to keep going."
He tells innovators be determined, but keep the secrets of your innovative project to yourself and ensure that your intellectual property is protected.
"On one hand, you hear about ICT initiatives, but on the other hand, it is not really being supported. For instance, when I approach high-level investors, they all love the idea (of innovation), but they may quicker bring in a franchise from abroad because that is a tested sector."
Many investors are unwilling to take risk.
The former St Mary's College student is a pre-med student from Howard University in Washington DC. Asked why he moved from studying medicine to being an innovator, he said: "What I found during my sophomore year: I used to play with creative Web sites and it paid the bills, it paid rent. I love science, I love biology, but I just thought this Web technology thing was so fascinating. I got my degree in pre-med, biology, but I stuck with the IT aspect and years later started Rico Technologies Ltd," he said.
About InfoDev:
It is a global partnership programme within the World Bank Group which works at the intersection of innovation, technology, and entrepreneurship to create opportunities for inclusive growth, job creation and poverty reduction."
About RicoTechnologies:
-started operations in 2005
-located in Belmont
-provides services like:
Graphics
-Web design
-e-commerce
-applications for inventory
-has three employees based in T&T and 20 programmers based around the world
Some clients:
-Cariri
-Sacha Cosmetics
-T&T Film Company Ltd
-bpTT Ltd
Though he has a science degree, Cooper is determined to complete his master's in information, communication and technology.
"Science in itself is a logical discipline, you have to use a little logic. The reason I picked up web design so well is because code is logic. I just thought IT was so much more interesting."