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Venture capital ecosystem gets US$3.5m boost


The Development Bank of Jamaica has signed off on an agreement with the Inter-American Development Bank (IDB) – Multilateral Investment Fund (MIF) valuing roughly US$3.5 million, the second funding towards the development of the Technical Cooperation Agreement.

Just under three years ago, DBJ signed the first Technical Cooperation Agreement with the IDB-MIF for the development of a venture capital ecosystem to create an environment conducive to the establishment of a dynamic private equity capital industry, and the establishment of new venture capital and private equity funds through public and private sector collaboration with local and international fund managers.

Published in the Observer
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