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As the Jamaican entrepreneurial space becomes more active, the time is right to increase the availability of smart capital through angel investments. The goal of the DBJ Angel Fund is to provide scalable start-ups in Jamaica with access to more funding while widening the angel investors network by supporting current and potential private investors interested in investing in these innovative start-ups.
Successful private, individual investors (angel investors) understand the risks of investing in an early-stage start-up but are willing and financially able to take these investment risks in anticipation of the potential high rewards that may ensue. DBJ-Approved Angel Investors taking the lead on a deal involving a high-growth potential start-up in any of the targeted industries may apply to the DBJ Angel Fund for its co-investment.
The DBJ Angel Fund will provide matching investments of US$50,000 up to a maximum of US$100,000 in value.
The following are the requirements to be accomplished by the MSMEs to be considered as eligible:
Successful private, individual investors (angel investors) understand the risks of investing in an early-stage start-up but are willing and financially able to take these investment risks in anticipation of the potential high rewards that may ensue. DBJ-Approved Angel Investors taking the lead on a deal involving a high-growth potential start-up in any of the targeted industries may apply to the DBJ Angel Fund for its co-investment.
The DBJ Angel Fund will provide matching investments of US$50,000 up to a maximum of US$100,000 in value.
The following are the requirements to be accomplished by the MSMEs to be considered as eligible:
- Registration Status: The MSME must be registered in Jamaica
- Type of Companies: For start-ups and small companies
- Registration Type: The MSME must be a Limited Liability Company
- Revenue: Can be pre-revenue
- Financial Capacity: Provide or demonstrate access to a minimum investment of US $50K by a (DBJ) Approved Angel Investor (AAI).
- Angel Investor: (i) Name of DBJ Approved Angel Investor (AAI) must be provided; (ii) Must not be a first or second-degree relative or relationship of the founding team (basically, no family & friends); (iii) Has immediate liquidity to disburse capital to the company; (iv) At least one investor committing in the round would have to be the “Lead Investor”.
- Available Investment Amounts: Minimum of US$50K to a maximum of US$100K
- No adverse environmental impact
- Positive impact on the company: The use of funds must have a significant positive impact on the company, directly leading to exponential revenue growth and job creation.