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  • The Development Bank of Jamaica (DBJ) is implementing a number of initiatives aimed at facilitating venture capital and private equity transactions in the island.
  • These will be undertaken with technical assistance from the Inter-American Development Bank (IDB).
  • The initiatives include the establishment of an appropriate legal and regulatory framework, and improving the expertise of local fund managers and investors through workshops and other training events.

The Development Bank of Jamaica (DBJ) is implementing a number of initiatives aimed at facilitating venture capital and private equity transactions in the island.

These will be undertaken with technical assistance from the Inter-American Development Bank (IDB).

Minister of State in the Ministry of Science, Technology, Energy and Mining, Hon. Julian Robinson made the disclosure during his contribution to the 2014/15 Sectoral Debate in the House of Representatives on Wednesday, June 11.

The State Minister said the initiatives include the establishment of an appropriate legal and regulatory framework, and improving the expertise of local fund managers and investors through workshops and other training events.

He said that planned activities for the project include: conducting extensive and detailed venture capital and private equity (VC/PE) knowledge-building activities through training workshops, conferences, seminars and other educational initiatives.

Also, the establishment of new and enhancing existing supporting infrastructure, including incubator networks, accelerators, venture forums, mentoring and advisory services; and the training of venture capital entrepreneurs through partnerships with local agencies and universities in order to promote a deal flow of eligible projects.

Other activities include the establishment of a Private Equity and Venture Capital Association in Jamaica to provide leadership of the VC/PE industry by the private sector.