Jamaican Entrepreneurs To Get Investment-Readiness Training & Pitch Their Business Model To Investors
Forty Jamaican entrepreneurs have been selected and will be exposed to two days of training and coaching in preparation for interviews/pitching to investors as they seek funding for their businesses.
The initiative, developed by the Jamaica Venture Capital Programme (JVCP), a unit of the Development Bank of Jamaica, will see these 40 startups being exposed to a wide range of topics to include: Personal Audit and Introduction to Finance; Creating a winning business plan and pitch deck; Exit strategy and valuing your business.
At the end of the two-day training programme the entrepreneurs who are investment ready will be further short-listed and will be exposed to up to four hours of coaching and mentorship prior to pitching to investors for financing.
Audrey Richards, Project Coordinator of the JVCP explains; we have contracted the services of Mrs. Sandra Glasgow, of BizTactics Limited, to conduct the training workshops on our behalf. It is a partnership with which we are well pleased, as a result of Mrs. Glasgow’s experiences as an angel investor and her understanding of what investors will be assessing during the pitch events, as well as her expertise in the grooming of startups and entrepreneurs. The first training event, involving an initial cohort of 20 Entrepreneurs, will get underway in February, with a second training session to be held in March, followed by a series of monthly pitch events between March and June.
Terry-Ann Segree, Entrepreneurship & Investment Manager at the JVCP, is excited about this investment-readiness workshop and confirms that it is part and parcel of the JVCP’s focus on promoting access to finance through the building of a sustainable entrepreneurial ecosystem. This initiative will provide a platform for early stage businesses to showcase their businesses to potential investors after being provided with access to preparedness training.
Continuing she explains; this is the second in a series of entrepreneurial events and initiatives that the JVCP has embarked upon, for this fiscal year, geared towards building the capacity of entrepreneurs in preparation for investments.
In selecting the entrepreneurs for this round of training, the JVCP is confirming that, the services of seven business services intermediaries (BSIs) were utilized. The BSIs, in many cases, have worked to build capacity of these entrepreneurs and include, Branson Entrepreneurship Centre, Jamaica Business Development Corporation, Jamaica Manufacturers Association, Technology Innovation Centre (UTECH), Mona Business Support Services (UWI), Morris Entrepreneurship Centre (NCU); and Jamaica Exporters Association.
For further information, please contact:
Jamaica Venture Capital Programme
c/o Development Bank of Jamaica
11a Oxford Road, Kingston 5
Telephone: 929-4000 ext. 4172, 920-4815