February 8, 2013

Jamaica's last serious effort at venture capital participation was two decades ago, but now the Government is ready to make another try at developing a private-equity market to back business ventures.

Development Bank of Jamaica (DBJ) says it hopes to create the "ecosystem" that will allow private equity and venture-capital operations to thrive.

The state bank will work with the Inter-American Development Bank to devise the structure. DBJ is putting US$128,000 into the project and IDB, US$150,000.

The so-called Jamaica Venture Capital Programme, which was first launched last year, is expected to lead to the…