Boosting Innovation, Growth and Entrepreneurship Ecosystem (BIGEE)
is a project financed by the Inter-American Development Bank (IDB) to be executed by the Development Bank of Jamaica (DBJ) with the vision to finance economic growth of MSMEs in Jamaica.
The IDB has provided financing for other ecosystems, whose goal is to also promote innovation and entrepreneurship, and since have been reaping positive results (i.e. instrumental growth, employment, and innovation rates, from the financial support.
The DBJ has assumed the role catalyst for initiatives that have significantly impacted MSME development over the years; this makes the institution a good fit to successfully implement the IDB’s vision for the project.
WITH THE AIM TO
Strengthen the existing framework of Jamaica’s existing entrepreneurship ecosystem while shifting stagnant growth trends the project will also bridge the gaps by addressing the challenges faced by business entities. There has been importance for innovation in building growth, productivity, and wealth within an ecosystem. Thus, the five-year programme will promote sustainable growth of startups and innovation amongst high growth potential MSMEs while building a strong ecosystem for entrepreneurship.
There are three components of the project: