Boosting Innovation, Growth and Entrepreneurship Ecosystems in Jamaica

The main objective of the IDB operation is to promote inclusive growth and productivity by fostering innovation in the private sector. The purpose of the program is to jumpstart economic growth by building an ecosystem that supports dynamic entrepreneurship and innovation in MSMEs. The specific objectives are to: (i) promote innovation and productivity among established MSMEs with high growth potential; (ii) promote sustainable and inclusive growth in scalable startups; and (iii) create a sustainable pipeline of high-growth potential startups. Within these objectives, entrepreneurship and innovation activities that tackle gender and climate issues will be targeted and implemented

Project Detail

Country

Jamaica

Project Number

JA-G1006

Approval Date

December 16, 2021

Project Status

Implementation

Project Type

Investment Grants

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

ENTERPRISE DEVELOPMENT, CLUSTERS AND INNOVATION

Lending Instrument

Lending Instrument Code

Modality

Facility Type

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 8,687,485.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 8,687,485.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
GRT/ER-19124-JA	Sovereign Guaranteed	USD - United States Dollar	Jul. 22, 2024	Feb. 22, 2022	European Commission Amended and Restated	Grant

Operation Number

GRT/ER-19124-JA

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Jul. 22, 2024
Signed Date: Feb. 22, 2022
Fund: European Commission Amended and Restated
Financial Instrument: Grant

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-44995