Fund Coming Soon
Overview
The Seed Fund, known as IGNITE III, promotes funding for entrepreneurs by providing grants to assist in development and commercialization of new products, innovation ventures, new business models, technical assistance, and enter new markets as well all related activities through three different windows:
It is important to note that ideas with the ability to solve problems in Jamaica and the region such as climate change and gender inclusion will be prioritized. Also, beneficiaries with projects which involve innovation in emerging technologies (including big data, manufacturing, electronics, biotechnology artificial intelligence, and cybersecurity, etc.) will be prioritized.
The projects that are eligible for financing by the Seed Fund must be INNOVATIVE!
The following expenditures can be financed by the Program:
- Project preparation
- Incubator Services
- Consultancies and Professional services
- Marketing and Sales Activities
- Commercialization (incl. setting up a company, hiring HR, Marketing and Sales, Licensing software and technologies, assisting trade shows, working capital, proof of concepts, etc.)
- Prototype development
Application Process
Overview
This window is designed for entrepreneurs and MSEs by providing funding for ideas that are potentially viable or can scale their business. Businesses in the Seed Stage are eligible for up to J$2.5M in grant financing.
Eligibility requirements including the following:
- Complete submission of proposal with supporting documentation
- Meet the requirements of the call for proposals including adhering to DBJ’s operational policies and legislation and regulations;
- Demonstrate their financial and institutional, environmental and social capacity to make the counterpart contributions;
- Willing to provide the information required by the Programme for its monitoring activities for baseline data collection;
How To Apply
Applicants apply via “Call for Proposals” and will be selected via the completion of a two-stage process –
- Submit Concept Notes to one of our Business Service Intermediaries (BSIs)
- Full Proposals to the DBJ’s Application portal
If you are interested in this fund
Overview
This window will support emerging technologies at the early stage of commercialization, looking to transform their scientific discovery into products and services that have a positive impact on society.
Businesses in the Seed Stage are eligible for up to J$5M in grant financing.
Eligibility requirements including the following:
- Complete submission of proposal with supporting documentation
- Meet the requirements of the call for proposals including adhering to DBJ’s operational policies and legislation and regulations;
- Demonstrate their financial and institutional, environmental and social capacity to make the counterpart contributions;
- Willing to provide the information required by the Programme for its monitoring activities for baseline data collection;
How To Apply
Applicants apply via “Call for Proposals” and will be selected via the completion of a two-stage process –
- Submit Concept Notes to one of our Business Service Intermediaries (BSIs)
- Full Proposals to the DBJ’s Application portal
If you are interested in this fund
Overview
This window will support entrepreneurs and inventors, who own Micro and Small Enterprises with high impact technologies and innovation high risk who require support in technology validation.
Businesses are eligible for up to J$8M in grant financing.
Eligibility requirements including the following:
- Complete submission of proposal with supporting documentation
- Meet the requirements of the call for proposals including adhering to DBJ’s operational policies and legislation and regulations;
- Demonstrate their financial and institutional, environmental and social capacity to make the counterpart contributions;
- Willing to provide the information required by the Programme for its monitoring activities for baseline data collection;
How To Apply
Applicants apply via “Call for Proposals” and will be selected via the completion of a two-stage process –
- Submit Concept Notes to one of our Business Service Intermediaries (BSIs)
- Full Proposals to the DBJ’s Application portal
If you are interested in this fund
