Accreditation
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For start-up entrepreneurs and small businesses in the idea stage of their product development.
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Supporting emerging technologies at the early stage of commercialization,
Accreditation Categories
Software and ICT Industries
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Artisan Products and Creative Industries
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Agri-Tech
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Light-Manufacturing
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Climate Change
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Gender Inclusion
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Innovation in Emerging Technologies
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Accreditation Info
Overview
This window is designed for start-up entrepreneurs and small businesses in the idea stage of their product development. Funding is provided to complete testing and to create a minimum viable working prototype of their ideas or scale their business. Businesses in the Idea Stage are eligible for up to J$3M in grant financing.
eligibility requirements Criteria
Ideation
None
Maximum of J$3M
· 70% of the total project cost
Provide or demonstrate access to 30% of the cost to execute the project.
Minimum cash counterpart required is 10% total project cost
Ideation
Registered company and business operating before April 1, 2020 (minimum 1 year old) and no earlier than April 1, 2014
(not exceeding 7 years old)
Maximum of J$3M
· 70% of the total project cost
Provide or demonstrate access to 30% of the cost to execute the project.Minimum cash counterpart required is 10% total project cost
The product or service has no adverse environmental impact.
OverView
This window will support emerging technologies at the early stage of commercialization, looking to transform their scientific discovery into market-ready products and services or penetrate new market.
Businesses in the Early Stage are eligible for up to J$7M in grant financing.
Eligibility requirements for Early Stage businesses
Prototype or product created and tested with the market
– demonstrated market traction indicated by sales
Maximum of J$7M
70% of the total project cost
Average annual revenue of last three (3) year’s revenue must be at least 50% the amount of grant resources being applied for.
Maximum revenue of J$75M
Provide or demonstrate access to 30% of the total project cost committed to the execution of the IGNITE project.
Minimum cash required as counterpart 50% (15% of total project cost)
This must include all associated labour cost required to successfully implement the said project
The product or service has no adverse environmental impact.
Prototype or product created and tested with the market
– demonstrated market traction indicated by sales
Registered company and business operating for a minimum of two (2) years and a maximum of seven (7) years
Maximum of J$7M
70% of the total project cost
Average annual revenue of last three (3) year’s revenue must be at least 50% the amount of grant resources being applied for.
· Maximum revenue of J$75M
| Provide or demonstrate access to 30% of the total project cost committed to the execution of the IGNITE project. Minimum cash required as counterpart 50% (15% of total project cost) This must include all associated labour cost required to successfully implement the said project |
The product or service has no adverse environmental impact.
The following outlines the eligibility requirements for the Innovation Grant Fund :
How much can I access through this fund?
How much of the project is the grant able to cover?
What type of businesses are eligible?
Must my business be a registered company?
How long after I apply do I have to wait to receive funding assistance?
The application window is six weeks (21st April 2023 – 2nd June 2023) Once your application has been reviewed and all documents received and are in order you will be contacted.
Which sectors are eligible to access this fund?
What is the interest rate and timeline for the payback?
What are some examples of in-kind contributions?
Do I have to have an innovative product to apply for this fund?
What stage should the innovation project be?
What types of innovative projects can be funded?
The following outlines the eligibility requirements for the Innovation Grant Fund :
How much can I access under IGNITE III?
The Ideation Window offers applicants up to J$3Million in grant, and Commercialization Window offers up to J$7Million in grant.
How much do I need to be earning to obtain a grant?
Your business must have revenue not exceeding J$75 Million annually.
How long does my business have to be in operation to apply for IGNITE?
Ideation: Registered company and business operating before April 1, 2020 (minimum 1 year old) and no earlier than April 1, 2014 (not exceeding 7 years old)
Commercialization: Registered between 2 and 7 years
What is the process to submit my application?
Applications can only be submitted via the website.
Which sectors are eligible to access this fund?
1. Software and ICT Industries
2. Artisan products and Creative Industries
3. Agri-Tech
4. Light-Manufacturing
5. Climate change,
6. Gender inclusion and
7. Innovation in emerging technologies (including Big Data, Manufacturing, Electronics, Biotechnology Artificial Intelligence, Cybersecurity, etc.).
What are the interest rate and timeline for the payback of this product?
The IGNITE grant is not a loan and is non-repayable.
What are some examples of in-kind contributions?
An in-kind contribution is a contribution of a good or service other than money which includes donated services, donated goods, or labour that can be valued.
Do I have to have an innovative product to apply for this fund?
In order to remain competitive, it is strongly encouraged that you are planning to execute an innovative venture.
Who are the BSI?
Business Service Intermediaries (BSIs) will assist you to prepare your application and if selected will create your development plan and provide project management support during the implementation of the programme over the 12 month period. See our List of BSIs
How much can I access through this fund?
How much of the project is the grant able to cover?
What type of businesses are eligible?
Must my business be a registered company?
How long after I apply do I have to wait to receive funding assistance?
Which sectors are eligible to access this fund?
What is the interest rate and timeline for the payback?
What are some examples of in-kind contributions?
Do I have to have an innovative product to apply for this fund?
What stage should the innovation project be?
What types of innovative projects can be funded?
Jamaica Business Development Corporation
Amanda McKenzie
Manager, Project Management & Research Department
14 Camp Road | Kingston 4
Email: [email protected]
Tel: (O) 876.928.5161-5
Jamaica Manufacturer’s and Exporters Association
Najuequa Barnes
Manager, Business Development and Programmes
85A Duke Street, Kingston
Email: [email protected]
Tel: 876 922-8880-3
Scientific Research Council
Carlinton Burrell
Project Manager
Caribbean Climate Innovation Centre
Hope Gardens Complex, Hope Gardens
P.O. BOX 350, Kingston 6
Email: [email protected]
Tel: 876 927 1771 (office)
University of Technology, Jamaica,
Andrea Bolton-Fyffe
Incubator Manager
University of Technology
College of Business and Management
Technology Innovation Centre,
237 Old Hope Road, Kingston
Email: [email protected]
Tel: 876-970-5501 Ext 2501, (876) 322-8025 (CUG)
Sisters’ Ink Jamaica Limited
Opal Levy
Director
Suite # 6, 107A Constant Spring Road, Kingston 8
Email: [email protected]
Tel: 876 649 0484, 876 615 3375, M: 876 431 8823
Kingston Creative Limited
Andrea Dempster Chung
Executive Director
107 Harbour Street, Kingston
Email: [email protected]
Tel: (O) (876) 546-6943
TBR Lab
Kirk-Anthony Hamilton
Co-Founder and Director
Robin Kelton Building, Choc Bay, Castries, St. Lucia
Email:
Overview
This window is designed for start-up entrepreneurs and small businesses in the idea stage of their product development. Funding is provided to complete testing and to create a minimum viable working prototype of their ideas or scale their business. Businesses in the Idea Stage are eligible for up to J$3M in grant financing.
eligibility requirements Criteria
Ideation
None
Maximum of J$3M
· 70% of the total project cost
Provide or demonstrate access to 30% of the cost to execute the project.
Minimum cash counterpart required is 10% total project cost
Ideation
Registered company and business operating before April 1, 2020 (minimum 1 year old) and no earlier than April 1, 2014
(not exceeding 7 years old)
Maximum of J$3M
· 70% of the total project cost
Provide or demonstrate access to 30% of the cost to execute the project.Minimum cash counterpart required is 10% total project cost
The product or service has no adverse environmental impact.
OverView
This window will support emerging technologies at the early stage of commercialization, looking to transform their scientific discovery into market-ready products and services or penetrate new market.
Businesses in the Early Stage are eligible for up to J$7M in grant financing.
Eligibility requirements for Early Stage businesses
Prototype or product created and tested with the market
– demonstrated market traction indicated by sales
Maximum of J$7M
70% of the total project cost
Average annual revenue of last three (3) year’s revenue must be at least 50% the amount of grant resources being applied for.
Maximum revenue of J$75M
Provide or demonstrate access to 30% of the total project cost committed to the execution of the IGNITE project.
Minimum cash required as counterpart 50% (15% of total project cost)
This must include all associated labour cost required to successfully implement the said project
The product or service has no adverse environmental impact.
Prototype or product created and tested with the market
– demonstrated market traction indicated by sales
Registered company and business operating for a minimum of two (2) years and a maximum of seven (7) years
Maximum of J$7M
70% of the total project cost
Average annual revenue of last three (3) year’s revenue must be at least 50% the amount of grant resources being applied for.
· Maximum revenue of J$75M
| Provide or demonstrate access to 30% of the total project cost committed to the execution of the IGNITE project. Minimum cash required as counterpart 50% (15% of total project cost) This must include all associated labour cost required to successfully implement the said project |
The product or service has no adverse environmental impact.
The following outlines the eligibility requirements for the Innovation Grant Fund :
How much can I access through this fund?
How much of the project is the grant able to cover?
What type of businesses are eligible?
Must my business be a registered company?
How long after I apply do I have to wait to receive funding assistance?
The application window is six weeks (21st April 2023 – 2nd June 2023) Once your application has been reviewed and all documents received and are in order you will be contacted.
Which sectors are eligible to access this fund?
What is the interest rate and timeline for the payback?
What are some examples of in-kind contributions?
Do I have to have an innovative product to apply for this fund?
What stage should the innovation project be?
What types of innovative projects can be funded?
The following outlines the eligibility requirements for the Innovation Grant Fund :
How much can I access under IGNITE III?
The Ideation Window offers applicants up to J$3Million in grant, and Commercialization Window offers up to J$7Million in grant.
How much do I need to be earning to obtain a grant?
Your business must have revenue not exceeding J$75 Million annually.
How long does my business have to be in operation to apply for IGNITE?
Ideation: Registered company and business operating before April 1, 2020 (minimum 1 year old) and no earlier than April 1, 2014 (not exceeding 7 years old)
Commercialization: Registered between 2 and 7 years
What is the process to submit my application?
Applications can only be submitted via the website.
Which sectors are eligible to access this fund?
1. Software and ICT Industries
2. Artisan products and Creative Industries
3. Agri-Tech
4. Light-Manufacturing
5. Climate change,
6. Gender inclusion and
7. Innovation in emerging technologies (including Big Data, Manufacturing, Electronics, Biotechnology Artificial Intelligence, Cybersecurity, etc.).
What are the interest rate and timeline for the payback of this product?
The IGNITE grant is not a loan and is non-repayable.
What are some examples of in-kind contributions?
An in-kind contribution is a contribution of a good or service other than money which includes donated services, donated goods, or labour that can be valued.
Do I have to have an innovative product to apply for this fund?
In order to remain competitive, it is strongly encouraged that you are planning to execute an innovative venture.
Who are the BSI?
Business Service Intermediaries (BSIs) will assist you to prepare your application and if selected will create your development plan and provide project management support during the implementation of the programme over the 12 month period. See our List of BSIs
How much can I access through this fund?
How much of the project is the grant able to cover?
What type of businesses are eligible?
Must my business be a registered company?
How long after I apply do I have to wait to receive funding assistance?
Which sectors are eligible to access this fund?
What is the interest rate and timeline for the payback?
What are some examples of in-kind contributions?
Do I have to have an innovative product to apply for this fund?
What stage should the innovation project be?
What types of innovative projects can be funded?
Jamaica Business Development Corporation
Amanda McKenzie
Manager, Project Management & Research Department
14 Camp Road | Kingston 4
Email: [email protected]
Tel: (O) 876.928.5161-5
Jamaica Manufacturer’s and Exporters Association
Najuequa Barnes
Manager, Business Development and Programmes
85A Duke Street, Kingston
Email: [email protected]
Tel: 876 922-8880-3
Scientific Research Council
Carlinton Burrell
Project Manager
Caribbean Climate Innovation Centre
Hope Gardens Complex, Hope Gardens
P.O. BOX 350, Kingston 6
Email: [email protected]
Tel: 876 927 1771 (office)
University of Technology, Jamaica,
Andrea Bolton-Fyffe
Incubator Manager
University of Technology
College of Business and Management
Technology Innovation Centre,
237 Old Hope Road, Kingston
Email: [email protected]
Tel: 876-970-5501 Ext 2501, (876) 322-8025 (CUG)
Sisters’ Ink Jamaica Limited
Opal Levy
Director
Suite # 6, 107A Constant Spring Road, Kingston 8
Email: [email protected]
Tel: 876 649 0484, 876 615 3375, M: 876 431 8823
Kingston Creative Limited
Andrea Dempster Chung
Executive Director
107 Harbour Street, Kingston
Email: [email protected]
Tel: (O) (876) 546-6943
TBR Lab
Kirk-Anthony Hamilton
Co-Founder and Director
Robin Kelton Building, Choc Bay, Castries, St. Lucia
Email:
Resources
Accreditation'S REACH
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Accreditation's Beneficiaries
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Overview The Innovation