Boosting Innovation, Growth and Entrepreneurship Ecosystems in Jamaica

The main objective of the IDB and the EU-CIF operation is to promote inclusive growth and productivity by fostering innovation in the private sector. The purpose of the programme 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.

Specifically, the EU-CIF grant would allow for supporting the innovation and entrepreneurship ecosystem with activities that are gender-responsive and that support MSMEs affected to respond to the COVID-19 crisis.