Jamaica Venture Capital Programme, “VENTURE HIVE: Opportunity for Caribbean entrepreneurs & Entrepreneur Support Providers/ Enablers”

Name of Entity: 

Development Bank of Jamaica (DBJ)

Brief Description: 

The Jamaica Venture Capital Programme was developed in recognition of the gaps that exist in the traditional financing options to MSMEs. In 2013 the GOJ through the Development Bank of Jamaica (DBJ) held the first Venture Capital Conference. The conference established a Venture Capital and private equity fund operated by qualified local and international fund managers. Entrepreneurs and small business owners have the opportunity to pitch their business ideas to fund managers in order to seek funding. The Venture Capital Programme incorporates elements of the approaches of commercial finance and micro finance so as to ensure a holistic approach.

A National Business Model Competition (NBMC) was introduced with the intention of encouraging and promoting creative thinking and the entrepreneurial spirit and to create a pool of potential businesses. The winner of the competition was HERBOO Enterprises, a team of five (5) student entrepreneurs.

Benefits: 

It is expected that through the Venture Capital Programme it will develop a private sector led Industry, achieve growth, innovation and job creation, ultimately setting in train a virtuous cycle.

Find Contact: 

Jamaica Venture Capital Programme Project Consultant Development Bank of Jamaica 11a – 15 Oxford Road Kingston 5 Telephone: (876) 929-4000, (876) 619-4000 Fax Number: (876) 929-6055

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