LINK-Caribbean Magazine

MAKING THE DEALS

During the implementation period, LINK- Caribbean disbursed Co-Investment grants to 10 firms who collectively raised surpassing the project target of US$1.5M. 7 companies received Co-Investment grants totaling $543,901 USD investment exceeding US$2M,

With the aim of enabling entrepreneurs to raise capital from private investors, principally business angel investors and to develop a pan-Caribbean early-stage investment community, with a focus on angel investors in the region, institutional investors and diaspora investors via the creation of a Caribbean Business Angel Network (CBAN), the LINK-Caribbean programme supported with the provision of Co-Investment grants. Co-Investment grants offered supplementary funding to enterprises that can raise investment from business angels and other early-stage investors by providing grant funding of up to 50% of the capital injection received from the investor. This funding essentially provided additional funding – beyond what investors are able to offer – to help early-stage enterprises develop and grow. During the implementation period, LINK-Caribbean disbursed Co- Investment grants to 10 firms who collectively raised investment exceeding US$2M, surpassing the project target of US$1.5M. Of those 10 firms, 5 had been recipients of investment readiness grants which was instrumental in their ability to secure private investment. They are Caribbean Transit Solutions from Barbados; Sweetie Confectionary, Herboo, Rocksteady and Bluedot Media from Jamaica.