← News Wed Apr 1, 2015 - 2:49 pm - 0 comments

Angels to fund first five companies shortly

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Angel investors are contemplating pumping funds into five companies at roughly US$100,000 (J$11.5 m) each, according to Nelson Gray, World Bank consultant charged with developing an angel network across the Caribbean.

This forms the latest effort in the move to widen avenues for accessing funding outside of banks and the stock exchange.

“We currently have five companies that are in light due dilegence,” Gray said after his address at a seminar put on by the Branson Centre of Entrepeneurship on Saturday at the Spanish Court Hotel in Kingston. “One is in the service sector, two are in technology, another one is a service company and another is a software development company.”

Published in the Observer
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