ne hundred micro, small and medium-sized enterprises (MSMEs) are to benefit from capacity-building, technical assistance or grants in the upcoming financial year.

This will be facilitated under the Boosting Innovation, Growth and Entrepreneurship Ecosystems (BIGEE) project, for which $350 million has been allotted in the 2021/22 Estimates of Expenditure, now before the House of Representatives.

 

It is also anticipated that for the 2021/22 period under the project, 25 business development organisations will be provided with training.

 

Up to December 2020 under the project, the design of SideCar Fund Investment Instrument for start-ups was completed. The instrument will provide equity financing to early stage, scalable and investment-ready business start-ups.

 

In addition, the design of seed fund for the Innovation Grant from New to Entrepreneurship (IGNITE III) was completed.

http://www.jamaicaobserver.com/business-observer/msmes-to-benefit-under-bigee-project_215813