Techstart.online, Jamaica’s tech startup online directory, which launched last year at our Kingston BETA event last October is resporting some some things now that they are 90days in. The directory was hatched in response to low investment support for local tech driven startups and lack of information on investible Jamaican Tech Startups.
The founders said that “since the launch, Techstart now has a listing of 43 investor ready startup out of the 119 active Jamaican tech startups identified…of the 43 Startups listed 2 have garnered private seed funding, and 1 has received a first round of funding from a group of local investors. Another is currently completing its due diligence for possible acquisition. E-commerce, Edutech, Entertainment and SaaS startups are our fastest growing sub sectors.”
Additionally, the site has been visited 11,000 times with close to 2500 unique views each month by people who are primarily from Western United States, Canada, Eastern Caribbean, the United Kingdom and Jamaica, with a gross income of over 200,000USD annually,
college educated and between the age of 35 and 57 years old.
They also reported that in November 2016, Fundsme, an Irish based investment facilitator forged a partnership with them through its Jamaican point of presence, FundsmeJamaica.com, to identify potential Technology startups in our local ecosystem and to provide relevant data to facilitate the process.
Also, Paramount Business Solutions is now their official Business Service Intermediary
to provide support services for startups seeking to become investor ready through their acceleration
program to be launched in Q3 2017, and to tap into its growing network of investors from the Jamaican and Diaspora.
Further, EXIM Bank was engaged through its representative Allan Thomas; who identified an innovative loan facility in his organization that will give tech driven startup money for their growth phase. The loan allows for EXIM to provide tech-driven startups with up to 6,000,000JMD
providing they are able to find 25% of the required loan amount requested.
TechStart.Online a digital initiative of ThinkJamaica Online, a private think tank headed by Dr Stacey-Ann Wilson in partnership with Jamaican Tech Entrepreneur Lloyd Laing. It is an Ministry of Science, Energy and Technology endorsed initiative.