JBDC (Jamaica Business Development Corporation) | Head Office: 14 Camp Road, Kingston, Jamaica | Incubator & Resource Centre: 76 Marcus Garvey Drive 1 876 928 5161-5 (Camp Rd.) | 1 876 758 3966-8 (IRC) info@jbdc.net

Applications are now open for the second tranche of the Jamaica Business Development Corporation’s (JBDC) Accelerator Programme. The programme is a six-month intensive training programme of accelerated growth for high potential entrepreneurial ventures. It provides Market Development, Access to Capital, Talent Development and Connectivity for participants.

The first phase which was completed in December 2017 saw sixteen entrepreneurs from varying sectors including information technology, alternative energy, agro-processing, and food establishments, among others enlisting for the programme.

You may view testimonials from participants in the first phase here:

Melissa Preddie, Managing Director - Aviola's Accessories (https://youtu.be/SWYo4Aj3dRw)

Jermaine Parkinson - Managing Director, Jerdis Electronic Solutions (https://www.youtube.com/watch?v=rFig85rFcxM)

Shalane Lee-Chin, Managing Director - Newtown Bakery Limited (https://youtu.be/D-zEtuAipmw)

Entrepreneurs interested in participating in the second cohort of the programme must fulfill the following eligibility requirements in order to apply:

1. Startups/Existing businesses with high interest in innovation and commitment to entrepreneurship

2. Growing Market Base - Market Competitiveness - Ability to scale quickly

3. Evidence of traction - Export Potential

4. Entrepreneurial Aptitude/Team Experience

5. Employment Potential

The deadline for applications is February 23, 2018.



For more information, contact:
The Corporate Communications Unit
Jamaica Business Development Corporation
14 Camp Road, Kingston 4
Tel: 930-8531
Fax: 938-2438
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.jbdc.net

Published: 07 February, 2018
Hits: 1529

JBDC Mobile Business Clinic Heads to Second City

FOR IMMEDIATE RELEASE – FEBRUARY 5, 2018

With nearly half of its client-base operating in the parish of St. James, the Jamaica Business Development Corporation (JBDC) Mobile Business Clinic Initiative (MBCI) heads to the Wexford Hotel in Montego Bay on February 19 – 20, 2018. Chief Executive Officer of the JBDC, Valerie Veira says the MBCI is critical to economic development and job creation in the tourism capital.

“Jamaica is among the top five countries in the world when it comes to starting new ventures and this speaks volumes for the creativity and will which exists within our people. It is our duty to unearth and develop those talents to a point where people can see opportunities beyond the traditional scope of things; where our young people no longer look for a job, but instead create their own ventures and grow to a point where they can make an honest and meaningful contribution to Jamaica,” said Miss Veira.

According to the CEO, the parish of St. James accounts for approximately 40% of the JBDC’s clientele within the MSME (Micro, Small and Medium-sized Enterprises) sector owing to the agency’s thrust toward business formalization over the past few years. One of the benefits of formalization is growth and we recognize our role in that regard. Consequently, business growth is of paramount importance as entrepreneurs seek to move to the next level, maximizing their businesses’ potential and increasing profits.

“There are significant linkages within the tourism sector that entrepreneurs ought to be capitalizing on. The findings from the Tourism Demand Study points to several products of high value used in the tourism sector such as agricultural produce, alcoholic beverages, books, brochures, magazines, bed frames, head boards, chairs, pillows, sanitizers, standing lamps, toothpaste and towels,” she pointed out.

Phase two of the MBCI which began in May 2016 is being staged under theme Converting Capacity to Currency and targets existing businesses exposing owners to areas such as Market Research, Financial planning, Jamaican Business Law, Taxation, Lean Manufacturing and Digital Media Marketing, among other key determinants of business growth.

The Clinic will also provide one-on-one support from partners including the National Commercial Bank, Tax Administration Jamaica, the Development Bank of Jamaica and the Gleaner Company. The full team of JBDC Business Advisory Services officers will also be on hand to provide business advice, consultation and business monitoring support.

Registration is mandatory for participants through JBDC’s Montego Bay hub located at Shop 11, 4a Cottage Road, Impact Plaza or online at www.jbdc.net.

The MBCI was implemented in 2014 as an islandwide project resulting in the decentralization of business development services, geared at reaching a wider cross-section of MSMEs in new and existing industries and sectors. The main objectives of the programme are to facilitate business formalization, market access and market entry, to increase awareness of business development services, provide training, capacity development and technical support, promote sound entrepreneurial practices through public education programmes. Twelve (12) Clinics were staged islandwide between October 2014 and July 2016, during which some 2400 MSMEs were impacted.

Published: 05 February, 2018
Hits: 1141

For the fifth consecutive year, the Jamaica Business Development Corporation (JBDC) marked Global Entrepreneurship Week (GEW) with a week of activities geared towards the continued development and empowerment of existing and aspiring entrepreneurs.

The following is a recap of the week of activities held during the period November 13-17, 2017 under the theme Building Empires.

B.O.S.S. MAN CONFERENCE
Despite the heavy rains, a total of seventy specially invited male entrepreneurs and influencers showed up at the Jamaica Pegasus Hotel on Monday, November 13 for the first staging of the JBDC’s B.O.S.S. Man conference. The acronym B.O.S.S. which means Building Opportunities for Strong Success follows on the successful staging of the B.O.S.S. Lady conference which was also held for the first time last year during GEW and staged again earlier this year. The men were treated to cocktails and conversations with a distinguished panel of men including businessmen – Tyrone Wilson, Randy McLaren and Marlon Fletcher; Social Entrepreneur – Miguel ‘Steppa’ Williams, Actor and Comedian – Ian ‘Ity’ Ellis, Youth Advocate – Jerome Cowans and Pastor – Bishop Leslie Pinnock from the New Testament Church of God.

  

 

Among the topics discussed were; ‘Strengthening the link between God and man’, ‘Becoming a role model for your children’, ‘Steering Generation Z into Entrepreneurship’, ‘Effecting Social change in the next generation of inner-city BOSS men’, ‘turning a Passion into a Pay check’ and ‘Education: the Great Equalizer.’

The session was moderated by JBDC’s Deputy CEO, Harold Davis.

MOBILE BUSINESS CLINIC , KINGSTON
Just over 100 entrepreneurs benefited from the Kingston leg of the Mobile Business Clinic which was hosted from November 14-15 at the Altamont Court Hotel. For the first time since its inception, the clinic hosted two individual workshops on Blue Ocean Strategy and The Art of closing the Deal. Both workshops were well received by the participants, one of who remarked that “… the exercises made us apply it to a real life situation. I came out feeling like I went to a college to study the art of Entrepreneurship”.

Participants were also provided with additional information on Online and Digital Marketing, Radio Advertising and Important tips to access financing for MSMEs.

 

 

RAISING CAPITAL
The JBDC’s premier Financial Forum Raising Capital was held on Thursday, November 16 under the theme ‘Measuring what matters: Why startups aren’t scaling?’ and featured presentations from Dr. William Lawrence, Director of the Professional Services Unit at the Mona School of Business, Althea West-Myers, JBDC’s Business Advisory Services Manager and Renowned Financial expert, John Jackson.

The panel explored some of the financial metrics that startups should be tracking in order to ensure business growth. These include; Market Potential, Startup Costs, Funding Options and the cost of these options, Product, Price and Breakeven points, the Business Value, Operating Margins and Revenue Growth. Mrs. West-Myers also spoke to the need to have an entrepreneurial mindset prior to getting into business and the acceptance that businesses can and will fail.

 

UNVEILING THE JBDC BOSS
The first cohort of the JBDC’s Accelerator Programme which commenced in May 2017, ‘graduated’ in a full day activity which featured a presentation of awards ceremony, product display and pitch session, collectively titled ‘Unveiling the JBDC BOSS’.

Sixteen entrepreneurs spanning industries such as Information Technology, Alternative Energy, Agro-Processing and Food Establishments, were presented to market after participating in an intensive six-month capacity building programme. Participants were exposed to activities which are expected to significantly increase their ability to compete effectively in the local and global market place as well as access new financial opportunities and build on the operational strategies they were exposed to.

 


For more information, contact:
The Corporate Communications Unit
Jamaica Business Development Corporation
14 Camp Road, Kingston 4
Tel: 930-8531
Fax: 938-2438
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.jbdc.net

Published: 24 November, 2017
Hits: 2016

The Jamaica Conference Centre was transformed into a power-haven on Tuesday October 31, 2017 as approximately 300 senior professionals turned out for the inaugural Employee Engagement Conference staged by the Jamaica Business Development Corporation (JBDC).The conference staged in partnership with the University of the West Indies followed the release of the National Employee Engagement Report (2016) which found that only 41.5% of Jamaican workers are actively engaged on the job.

Participants were engaged in an intense line-up of sessions throughout the day, headlined by renowned Executive Engagement Coach and author of The People Pill, Australian, Ken Wright as Keynote Speaker. Wright’s highly anticipated presentation Engaging the Sweet Spot and Administering the People Pill was the grand climax after several top local experts and resulted in copies of his book being sold-out at the venue. Wright cautioned that disengagement is costing Jamaica billions of dollars based on the current statistics.

Excited participants register before entering Kenneth Rattray Room at the Jamaica Conference Centre where the JBDC's inaugural Employee Engagement Conference was held on Tuesday, October 31, 2017
Excited participants register before entering Kenneth Rattray Room at the Jamaica Conference Centre where the JBDC's inaugural Employee Engagement Conference was held on Tuesday, October 31, 2017.

Local presenters included: Dr. Orville Taylor - Head of Department, Sociology, Psychology & Social Work – UWI, Clement Branche - Head of Unit, Human Resource Development Graduate Programmes - UWI, Dr. Patricia Holness - Former CEO, Registrar General Department, Dr. Carvell McLeary - Senior Director, Human Resource Management & Administration, Airports Authority of Jamaica, Dr. Hopelin Hines - Director, Total Rewards & Evaluation , Scotia Group Jamaica Ltd., Tyrone Wilson - President & CEO, eMedia Interactive Group Ltd., Desrine McFarlane - Manager, Business Human Resource, Jamaica & Trinidad, 3M Interamerica Incorporated, Melverine Hemmings - Head of Human Resources, Red Stripe, Dr. Sophia Morgan - Organizational Consultant & Lecturer, UWI and Lisa Taylor-Stone.

In her opening address, JBDC’s CEO Valerie Veira said one of the key determining factors to the success of business at any level is the ‘people’ working in the organization. “As the government’s premier business development support organization, JBDC has sought to highlight this critical element through research on employee engagement, engagement must become a priority for employers in order to increase productivity in the workforce and drive economic growth,” she said. Miss Veira added that the aim of the conference was therefore to bring together public and private sector executives and managers with a goal to transform each leader into a “master of engagement intelligence.”

Some of the distinguished presenters who contributed to a successful conference. From left, Dr. Clement Branche, Dr. Hopelin Hines, Miss Stacy Morgan, Miss Rochelle Cameron and Dr. Carvel McLeary.
Some of the distinguished presenters who contributed to a successful conference. From left, Dr. Clement Branche, Dr. Hopelin Hines, Miss Stacy Morgan, Miss Rochelle Cameron and Dr. Carvel McLeary.
Chief Executive Officer of the JBDC, Valerie Veira (right) takes the Hon. Dr. Horace Chang, Minister without Portfolio in the Economic Growth and Job Creation Ministry (centre) on a tour of the Things Jamaican display after the completion of the Employee Engagement Conference's Opening Ceremony recently. Dr. Chang who was the guest speaker said that the active engagement of workers is critical to the overall development and growth of Jamaica’s economy. Also sharing in the moment is Assistant Marketing Services Manager at Things Jamaican, Vivette McFarlane (left).
Chief Executive Officer of the JBDC, Valerie Veira (right) takes the Hon. Dr. Horace Chang, Minister without Portfolio in the Economic Growth and Job Creation Ministry (centre) on a tour of the Things Jamaican display after the completion of the Employee Engagement Conference's Opening Ceremony recently. Dr. Chang who was the guest speaker said that the active engagement of workers is critical to the overall development and growth of Jamaica’s economy. Also sharing in the moment is Assistant Marketing Services Manager at Things Jamaican, Vivette McFarlane (left).

According to Dr. Orville Taylor, Head, Department of Sociology, Psychology and Social Work, UWI, “treating workers like they matter and are integral to the organization and indeed, part of society, is the most essential ingredient in arriving at the economic results that firms and countries seek.”

Continuing, Dr. Taylor argued that a paradigm shift is needed, wherein employee engagement and decent work are not seen as the result of good management practices and thus are not what benevolent employers give to their workers after the requisite levels of economic growth are achieved. “The work of this conference is more than timely. There have been myriad studies over the past four decades which have pointed in the direction of more humane human resources practices being directly correlated to the very sort of targets which financial controllers, production managers and chief executive officers desire,” he said.

One of the highlights of the conference was a presentation by Dr. Patricia Holness, former Chief Executive Officer of the Registrar General’s Department (RGD), who shared her success story at the agency which experienced an improvement in birth registration by nearly 100% and increase in income from $7 million in 1996 to over $500 million in 2011. This, she said would not have been possible without effective employee engagement strategies.

The National Employee Engagement Report, Jamaica - 2016 was designed and executed by JBDC and comprises data that was provided by over 500 employees representing 37 companies across multiple industries within the private and public sectors in Jamaica via survey using convenience sampling over 5 months spanning January 2015 - February 2016.

Jamaica Business Development Corporation (JBDC) is an agency of the Ministry of Industry, Commerce, Agriculture & Fisheries.

-END-

Contact: Corporate Communications Unit
JBDC
Tel: 928-5161-5, exts 244, 274 or 277, SL: 930-8531
Fax: 938-2438
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.jbdc.net

Published: 06 November, 2017
Hits: 1594

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The Jamaica Business Development Corporation (JBDC) has been established as one of the premier business support organizations in Jamaica, and is well respected by clients and funding institutions alike.

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