Government of Jamaica

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

Learn More: 

The Ministry

Welcome to the official website of the Ministry of Industry, Investment and Commerce.

The Ministry of Industry, Investment and Commerce is described as Jamaica's "Business Ministry." It's mandate is to lead the development of policies that will create growth and jobs, while achieving social inclusion and consumer protection. The Ministry, working its stakeholders is primarily responsible for business policy development, monitoring and evaluation, while giving direction and oversight to a cluster of implementing departments and agencies.

We have, therefore, placed much energy and enthusiasm into the development of this website to provide timely information on the Ministry, our agencies and programmes.

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4 St. Lucia Avenue, Kingston 5, Jamaica
Telephone: (876) 968-7116 
Fax: (876) 960-7422 
Email: ps_office@miic.gov.jm

Opening hours: 
Mondays - Thursdays 8:30 a.m. - 5:00 p.m.
Fridays 8:30 a.m. - 4:00 p.m.

 


 

The Ministry of Industry, Investment and Commerce - https://www.miic.gov.jm