{"id":15952,"date":"2023-04-24T13:56:07","date_gmt":"2023-04-24T13:56:07","guid":{"rendered":"https:\/\/thinkbigee.com\/?p=15952"},"modified":"2023-04-24T14:02:00","modified_gmt":"2023-04-24T14:02:00","slug":"elementor-15952","status":"publish","type":"post","link":"https:\/\/thinkbigee.com\/2023\/04\/24\/elementor-15952\/","title":{"rendered":"DBJ announces Open Window for Innovation Grant Fund &#038; two new areas of  Focus &#8211; Climate Resilience &#038; Women-owned\/led Medium-sized Businesses"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"15952\" class=\"elementor elementor-15952\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b83c5e9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b83c5e9\" data-element_type=\"section\">\r\n\t\t\r\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7cc87f1\" data-id=\"7cc87f1\" data-element_type=\"column\">\r\n\t\t\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\r\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2e357b elementor-widget elementor-widget-heading\" data-id=\"c2e357b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">DBJ announces Open Window for Innovation Grant Fund &amp; two new areas of Focus - Climate Resilience &amp; Women-owned\/led Medium-sized Businesses\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-48438b4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48438b4\" data-element_type=\"section\">\r\n\t\t\r\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9c1eadc\" data-id=\"9c1eadc\" data-element_type=\"column\">\r\n\t\t\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\r\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bbd3af9 elementor-widget elementor-widget-text-editor\" data-id=\"bbd3af9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"MsoNoSpacing\" style=\"text-align: justify;\"><b><span lang=\"EN-JM\">Kingston, Jamaica April 20 \u2026 <\/span><\/b><span lang=\"EN-JM\">The Development Bank of Jamaica (DBJ) is pleased to announce the opening of Cohort Three of its Innovation Grant Fund (IGF), a programme targeting medium-sized Jamaican companies.\u00a0\u00a0 The DBJ is also advising that there are two (2) new areas of focus \u2013 Climate Resilience (mitigation and\/or adaptation) and Women-owned\/led businesses.<\/span><\/p><p class=\"MsoNoSpacing\" style=\"text-align: justify;\"><span lang=\"EN-JM\">\u00a0<\/span><span style=\"color: black; font-family: var( --e-global-typography-text-font-family ), Poppins; font-weight: var( --e-global-typography-text-font-weight ); letter-spacing: var(--porto-body-ls,0);\">The grant is valued at Twenty Million Jamaican Dollars (J$20 million) and is to be used to assist in the development and commercialisation of innovative products, services, and processes to grow and expand the business.<\/span><\/p><p class=\"MsoNormal\" style=\"text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span lang=\"EN-JM\" style=\"color: black; mso-color-alt: windowtext;\">Invitation for concept notes will open on April 21, 2023. Information on the process for submission of concept notes and full grant application may be found online at \u00a0<a href=\"http:\/\/www.thinkbigee.com\/\">www.thinkbigee.com<\/a>. <\/span><\/p><p class=\"MsoNormal\" style=\"text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span lang=\"EN-JM\" style=\"color: black; mso-color-alt: windowtext;\">Anthony Shaw, Managing Director, DBJ, is confirming that, \u201cthe introduction of these two new areas of focus is as a result of additional funding of US$8 million received from the European Union (EU) and negotiated by the Inter-American Development Bank (IDB) to support the five-year loan agreement signed with the IDB and the Government of Jamaica for the Boosting Innovation Growth and Entrepreneurship Ecosystems (BIGEE) programme.\u201d<\/span><\/p><p class=\"MsoNormal\" style=\"text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span lang=\"EN-JM\" style=\"color: black; mso-color-alt: windowtext;\">Christopher Brown, Programme Manager, BIGEE, explained, \u201cAt the DBJ we are always innovating with a view to improve what we do and create considerable impact.\u00a0 And so, specifically for these two new areas \u2013 Climate Resilience and Women-led medium sized businesses, we have reduced the minimum revenue criterion. \u00a0These companies are required to have annual revenue ranging between J$30 million and J$250 million.\u00a0 To be clear, this is only for women-owned\/led businesses and those focused on climate resilience. Other applicants outside of these focus areas must have minimum annual revenue of J$75 million to J$250 million.\u201d<\/span><\/p><p class=\"MsoNormal\" style=\"text-align: justify; line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span lang=\"EN-JM\" style=\"color: black; mso-color-alt: windowtext;\">Lu\u2019Shana Cheddesingh, Technical Coordinator, Direct Business, BIGEE, under whose portfolio the IGF falls states, \u201cTo date, we have awarded grants to twelve (12) medium-sized companies resulting in a total investment of Two Hundred Million Dollars (J$200 million).\u00a0 The projects funded are all innovative within health, education, manufacturing, and service sectors.<\/span><\/p><p><span lang=\"EN-JM\" style=\"font-size: 11.0pt; line-height: 107%; font-family: 'Calibri',sans-serif; mso-ascii-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-ansi-language: EN-JM; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;\">The Innovation Grant Fund is a component of BIGEE, a programme funded by the Government of Jamaica through a US$25 million five-year loan, signed with the Inter-American Development Bank in 2021.\u00a0 In 2022, the European Union awarded a non-reimbursable grant of US$8 million to further enhance BIGEE.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>DBJ announces Open Window for Innovation Grant Fund &amp; two new areas of Focus &#8211; Climate Resilience &amp; Women-owned\/led Medium-sized Businesses Kingston, Jamaica April 20 \u2026 The Development Bank of Jamaica (DBJ) is pleased to announce the opening of Cohort Three of its Innovation Grant Fund (IGF), a programme targeting medium-sized Jamaican companies.\u00a0\u00a0 The DBJ [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","cybocfi_hide_featured_image":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[48,19],"tags":[],"class_list":["post-15952","post","type-post","status-publish","format-standard","hentry","category-innovation-grant-fund","category-news"],"featured_image_src":{"landsacpe":false,"list":false,"medium":false,"full":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DBJ announces Open Window for Innovation Grant Fund &amp; 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