The Development Bank of Jamaica (DBJ) is helping Micro and Small Enterprises (MSEs) to develop and grow by introducing the new and ground-breaking Go-Digital voucher. This voucher is redeemable at Information Technology Business Development Organizations (IT-BDOs) and will support a variety of technological solutions aimed at transforming businesses. The Go-Digital voucher is an addition to the DBJ’s Voucher for Technical Assistance (VTA) programme.
Go-DIgital Coverage
It is recommended that MSEs consult with a IT-BDO to determine and agree on the best digital intervention that is needed for the business.
Go-DIgital Voucher :
Go-Digital Business
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Go-Digital Productivity
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Go-Digital Basic Digital
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Go-Digital Advance Digital
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Go-Digital Plan Digital
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Resources
How to Apply?
MSEs with registered businesses operating in Jamaica, with annual sales/revenue up to J$75 million. Business that employ less than 20 individuals. The business activities have no adverse effect on the environment. See application form here.
Go-DIgital VOUCHER INFO
Approved Information Technology Business Development Organisations (Service Provider)
The DBJ has compiled and approved a list of service providers that can assist MSEs in implementing a digital transformation in their business. See list of suppliers
Steps to becoming a Service Provider
1. Application
- Interested Information Technology firms that are registered in Jamaica should complete the prescribed application form [here] Note: Please link the application form from VTA. All documents requested must be uploaded.
2. Evaluation Process
- Applications are reviewed by an expert panel of professionals
- Applications that receive a score of 70 percent and above will be deemed successful
3. Contracting
- Prior to contracting with the IT-BDO due diligence is conducted to ensure that the provider is fit and purpose [link list of documents]
- Sign a Memorandum of Agreement with the DBJ
- Selected Service Providers must participate in a DBJ organized Training Session
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?
Go-DIgital's Beneficiaries
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Go-DIgital's Beneficiaries
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Resources IGNITE Fact
Overview The Innovation
Overview The Innovation
Overview The Development