First Angels Jamaica (FAJ) is hoping to grow its member investor base by the end of the year by tapping well-off Jamaicans resident overseas to back some of the ventures it considers worthy of financing.
Its outreach included a recent presentation at the offices of the consul general in New York that was meant to inform potential investors about the work of the angel network.
“We have an objective to recruit members of the diaspora. We want to broaden the base of our membership and include people in other markets,” FAJ administrator Sandra Glasgow told Gleaner Business.
She said the idea is to identify backers overseas so that companies financed through the network have a ready pool of investors to support them when they launch into markets beyond Jamaica.
“When we invest in companies, these companies are exporting their services or products and we want to have investors in those markets that can help to mentor and connect them within the marketplace,” Glasgow said.
Published in the Jamaica Gleaner
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