First Angels Investment
Jamaica
FirstAngelsJA (FAJ) is a group of angel investors investing together and sharing resources. FAJ puts the entrepreneurs in front of potential investors and is Jamaica's first Angel Investor Network. The Network facilitates the introduction of entrepreneurs to potential investors through presentations and other mechanisms. FAJ consists of individual angel investors or “accredited investors” who are interested in financing privately held companies or ventures that are in an early stage of development or in an expansion mode. Angel Investors play an important role in the development of seed, start-up or early-stage ventures and play a “middle role”, funding businesses that are yet able to stand on their own feet or not yet mature enough to attract venture capital. These ventures often exist in a state somewhere between possible failure and take-off. Typically the management team lacks experience in growing the venture and the business needs not only additional funding but also mentoring to take it to the next stage of development.
FUNDS
US$500,000 - US$500,000
INTEREST RATE
12%
INDUSTRIES
Technology, Science, Labour, Logistics, Health, Exports/Imports, Entertainment, Economic Growth & Job Creation, Agriculture & Livestock, Energy, Transporting , Tourism, Education
Eligibility
ANNUAL REVENUE
US$500,000 - US$500,000
REQUIRES COLLATERAL
4 YEARS
Qualifications
Businesses must be an innovative start-up that:
• grow quickly in sales and value
• create jobs along the way
• is willing to partake in a company merger, acquisition or through an IPO.
Documents Required
Key Documents,
• Financial Data
• Business Plan
• Application via the website
Application Process
To apply, it must be done by accessing the website: www.firstangelsja.com. The application is screened by the Manager and if the venture looks like one that members might be interested in, a face-to-face or telephone/Skype meeting is arranged by the Manager with the entrepreneur.
The entrepreneur may be invited to attend a 1-day training session.
The Manager reviews the business plan and pitch and may provide coaching to help make improvements.
The entrepreneur may be invited to make a pitch presentation to the Angels and field questions.
If the Angels agree to invest, a due-diligence investigation of your company and your team begins
If the due diligence is positive, the negotiation of the investment terms and valuation begins.
If the negotiation is successful, the Manager issues a “Capital Call” to the members.
It is important to bear in mind that at any stage along this process, the Angels may decline to invest in your venture, for one reason or another.
Other Information
N/A
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