1. JAMAICA VENTURE CAPITAL PROGRAMME
CREATING A SUSTAINABLE VENTURE CAPITAL & PRIVATE EQUITY INDUSTRY
AUDREY RICHARDS
CONFERENCE 2019 | JUNE 11, 2019

2. MISSION & VISION OF JVCP
To ensure that all ecosystem players are equipped with the relevant knowledge and supportive systems to facilitate high potential entrepreneurship with access to finance through dynamic venture capital and private equity markets.
VISION
By 2020, Jamaica is among the top three entrepreneurial and investment hubs for the Caribbean and Central America.

3. DBJ’S VENTURE CAPITAL PROGRAMME
STAKEHOLDER TRAINING & CAPACITY BUILDING
ENTREPRENEURSHIP & INNOVATION
PROMOTION OF NEW EQUITY FUNDS
KNOWLEDGE MANAGEMENT & COMMUNICATION

6. CAPITAL RAISED BY FUNDS OPERATING IN JAMAICA
US$270M**
PRIVATE EQUITY
VENTURE CAPITAL
PRIVATE CREDIT
MEZZANINE
INFRASTRUCTURE
$15M
VENTURE CAPITAL
1991
2000
$18M
PRIVATE EQUITY
US$220M (projected)
PRIVATE EQUITY
VENTURE CAPITAL
PRIVATE CREDIT
INFRASTRUCTURE
SME FUNDS
IMPACT FUNDS
[**US$98M from Jamaican investors]

7. CAPITAL INVESTED 2016-2019 PRIVATE EQUITY/CREDIT/MEZZANINE FUNDS:
US$56M Invested in 41 Jamaican Companies
ANGEL INVESTORS
Two networks
– FirstAngelsJa (38 members)
– Alpha Angels (11 members)
Invested US$1.45M in 12 companies
CAPITAL INVESTED

8. 335 Investors/fund managers/ pension fund trustees/policymakers trained
230 attorneys/accountants/business service providers & SMEs trained
1,750 attend knowledge building –conferences/summits/ workshops
Entrepreneurs:
- National Business Model:
2,000 tertiary students
- Incubators-capacity building: university incubators
Legal, Regulatory, Taxation
ECOSYSTEM
BUILDING

9. LAVCA SCORECARD – Jamaica’s Ranking

10. LAVCA
SCORECARD

11. JAMAICA
SCORES

12. BENCHMARK - TARGET ISSUANCE ANNUAL PE/GDP
Target 0.2% GDP Annual Investments: US$30M (J$4B)
- large scale PE and Infrastructure Funds

13. Establishment of the Caribbean Alternative Investment Association:
Membership from the Private Equity, Venture Capital and Private Credit industries
Private sector leadership & management; DBJ membership
Assume training activities, market development, lobbying & building networks in the region
Database – information dissemination; track industry metrics
DEVELOPMENT FOCUS
NEXT STEPS

14. DEVELOPMENT FOCUS II. Entrepreneurship & Innovation:
Ecosystem development activities- aimed at building
sustainable deal flow
University Incubators/Innovation
NBMC & other Pitch Events, hackathons
Training & Capacity Building of Entrepreneurs & Business Service Providers
Intellectual Property, Artificial Intelligence, Robotics,
DEVELOPMENT FOCUS
NEXT STEPS

15. DEVELOPMENT FOCUS DBJ Investments & Fund Management Activities
Disseminate Tool Kit & share VC Ecosystem activities in the Caribbean Region
Investment in new funds – SME funds, Venture Capital Funds
Provide leadership to Legal, Regulatory & Taxation Working Group
DEVELOPMENT FOCUS
NEXT STEPS

16. CONFERENCE THEMES FOURTH INDUSTRIAL REVOLUTION
TECHNOLOGY, SCIENCE & INNOVATION
DISRUPTION
PE/INFRASTRUCTURE
ENTREPRENEURIAL MINDSET
SMART CITIES
…AIMED AT CREATING DEAL FLOW

17. THANK YOU