PIOJ Growth-Inducement Strategy - Planning Institute of Jamaica

The next phase (to July 2012) will include undertaking the following studies:
Complete an overall design for the JVCP in order to apply for long term
funding and technical assistance for the JVCP implementation.
Undertake a review of the legal, regulatory and taxation structure and
document the changes needed.
Design and establishment of a venture fund facility in collaboration with the
JSE.
Undertaking of the study of the feasibility of developing a Technology Park.
A time bound implementation schedule is shown in table C.1.
Total funding requirements for project implementation is expected to be approximately
US$2.1 million over three years, with the majority (at least US$1.34 million) being
sought from International Development Partners (IDPs) in the form of technical and
financial assistance. Counterpart funding for project implementation is expected to be
provided by the DBJ. 59 In addition, the DBJ is expected to provide approximately J$250
million in seed financing for a venture fund.
59 This amount for the three year programme does not include an initial allocation of US$214,000 (of which
US$150,000 is to be sourced from IDPs and the remainder to be provided as counterpart funds by the DBJ)
to finance the consultancies during the first few months of 2012.
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