Blue Smoke

Seed Fund/IGNITE III (Ideation Window)

Jamaica

Innovation Grant from New To Entrepreneurship (IGNITE), promotes funding for entrepreneurs by providing grants to assist in the development and commercialization of new products, innovation ventures, new business models, technical assistance, and enter new markets as well all related activities through the Ideation Window. This window is designed for entrepreneurs and MSEs by providing funding for ideas that are potentially viable or can scale their business.

FUNDS

US$500,000 - US$500,000

INTEREST RATE

12%

INDUSTRIES

All

Eligibility

ANNUAL REVENUE

US$500,000 - US$500,000

REQUIRES COLLATERAL

4 YEARS

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Qualifications

Projects must be innovative.
Expenditures must be in the form of:
• Project Preparation
• Incubator Services
• Consultancies and Professional Services
• Marketing and Sales Activities
• Commercialization (including setting up a company, hiring HR, Marketing and Sales, Licensing software and technologies, assisting trade shows, working capital, proof of concepts, etc.)
• Prototype Development

The company must:
• Meet the requirements of the call for proposals including adhering to DBJ’s operational policies and legislation and regulations.
• Demonstrate their financial and institutional, environmental and social capacity to make the counterpart contributions.
• Be willing to provide the information required by the Programme for its monitoring activities for baseline data collection.

Documents Required

Full Proposal with supporting documentation
Concept Notes

Application Process

Applicants apply via "Call for Proposals" and will be selected via the completion of a two-stage process.
• Submit Concept Notes to one of our Business Service Intermediaries (BSIs)
• Full Proposals to the DBJ’s Application portal

Other Information

N/A

Development Bank of Jamaica

Development Bank of Jamaica

The Development Bank of Jamaica provides opportunities to all Jamaicans to make a positive impact on their own quality of life. They do this through providing development financing, capacity building, public-private partnership and privatisation solutions, which are in line with Government policy and future goals.

11A - 15 Oxford Road Kingston 5, Jamaica W.I

Phone Number: (876) 929-4000; (876) 619-4000

Fax Number: (876) 929-6055

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