The Innovation Grant Fund is a product under the Boosting Innovation, Growth and Entrepreneurship Ecosystems (BIGEE) Programme which will provide grants to support innovative projects by medium-sized enterprises. The grants will be used to assist in the development and commercialisation of new products, services, processes or new business models.

In April 2023, the DBJ, through BIGEE is introducing two new areas under its Innovation Grant Fund (IGF) programme.  The new areas are:

        –         Gender Inclusiveness – women-led businesses

        –         Climate Resilience – mitigation and/or adaption

These two new areas welcomed addition to our other areas. This additional funding was obtained from the European Union (EU), negotiated by the Inter-American Bank (IDB).

 Criteria for Gender Inclusiveness Projects – Women-led businesses

Gender inclusiveness transcends mere equality.  It is the notion that all services, opportunities and establishments are open to all people and that male and female stereotypes do not define societal roles and expectations.  Studies have shown where there is a lack of women’s entrepreneurial participation and have illustrated the existence of challenges associated with accessing financial services and business networks. Supporting female entrepreneurs (women owned/led businesses) is a key strategy for economic growth and poverty reduction.

Applicants applying under these new areas should clearly show that the business is either women-owned or women-led and that the project will be innovative. It would be beneficial to show how the project will enhance women’s economic status or inclusion.

Climate Resilience Projects

Climate resilience is the ability to anticipate, prepare for, and respond to hazardous events, trends, or disturbances related to climate.  Improving climate resilience involves assessing how climate change will create new, or alter current climate-related risks, and taking steps to better cope with these risks.  Applicants applying under this window should clearly illustrate climate mitigation and/or adaptation measures through innovation in technologies and/ or methods that promote the reduction in Greenhouse Gas (GHG) emissions, and/or minimization of climate related vulnerabilities. 


The projects that are eligible for financing by the Innovation Grant Fund must be INNOVATIVE!

The following expenditures can be financed by the Program: 

  • Specialized consultancy services: market studies, specialized technical assistance and management consulting;

  • Product upgrading, including product packaging and label design, certification in corresponding regulatory agencies, marketing, production of samples for market testing;

  • Purchase of key processing inputs;

  • Inputs and machinery to improve productivity;

  • Training services;

  • Equipment purchase and maintenance (laboratory, digital, etc.);
  • Intellectual or industrial property protection;

  • Prototyping;

  • Knowledge management;

  • Development of an Innovative Business Plan;


IGF'S Beneficiaries

Innovation, skill that make a meaningful difference for your business

Health - Intermed t/a Windward Road Medical ComplexEducation - One-on-One Educational Services The UCC AcademyICT - Innovera Ltd Innovate 10XManufacturing & Agriculture - Bare Nutrition Sherwood Coffee Company Chilitos Shavot International HoldingsLegal & Environmental - PeterMc & Associates Environmental Solutions Ltd.

Since 2020 – 2023 we have awarded grants to 12 medium-size companies, representing DBJ’s investment of approximately J$200 million.  The beneficiary companies are in the productive sectors to include technology, health, educational, manufacturing, and environmental. 


IgF Beneficiaries

More Products