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JIS News

Story Highlights

  • The Government is in the process of recruiting a Chief Executive Officer (CEO) to oversee the operation of Start Up Jamaica.
  • Minister of State for Science, Technology, Energy and Mining, Hon. Julian Robinson, who made the disclosure to JIS News, informed that applicants are currently being shortlisted and it is hope that the successful candidate will be named by the end of June.
  • Start Up Jamaica is a Government initiative designed to help young technology entrepreneurs transform business ideas into effective business plans capable of attracting investment.

The Government is in the process of recruiting a Chief Executive Officer (CEO) to oversee the operation of Start Up Jamaica.

Minister of State for Science, Technology, Energy and Mining, Hon. Julian Robinson, who made the disclosure to JIS News, informed that applicants are currently being shortlisted and it is hope that the successful candidate will be named by the end of June.

“The person being sought for the post must be one with not only a proven executive track record of understanding equity and royalty fund management, but must also have a firm grasp of the legal requirements associated with business cases, as well as an understanding of the start-up ecosystem,” Mr. Robinson said.

“The desired person should also have a wide regional and international network base, primarily because of the mentorship role the person will play in the lives of the start-up entrepreneur,” he added.

Start Up Jamaica is a Government initiative designed to help young technology entrepreneurs transform business ideas into effective business plans capable of attracting investment.

The first round of the accelerator programme commenced in July 2014 with 218 applicants, who were narrowed down to 60 to participate in a boot camp in August.

Ten companies were selected to be provided with equity investment by Oasis500, a Middle East-based accelerator company, which has decided to partner with the Government to invest in technology entrepreneurs.

Mr. Robinson told JIS News that Start Up Jamaica has been having a positive impact. “In fact, a number of (the companies) have actually grown since they’ve been there and have [even] begun hiring people and have begun earning revenue,” he informed.

He said the Government is now preparing to implement a second round of the accelerator in another month.