DBJ to adapt overseas programmes in search for venture-capital success

Determined not to stumble into the pitfalls of the past that derailed previous venture-capital programmes, the Development Bank of Jamaica (DBJ) is pushing an ambitious slate of initiatives aimed at building a sustainable venture-capital agenda to equip the small and medium sectors to play an integral role in driving the economy. DBJ Chairman Joseph M. Matalon stressed yesterday that his initiative would not be haunted by ghosts of the past.

He said the state-owned company, mandated to foster economic growth and development, planned to strategically steer clear of the obstacles that sabotaged previous venture-capital programmes, but warned that such an outcome would not materialise overnight.  more