One minute in Jamaica you can’t get backing for your startup; and now, The Leap Company are promoting a US$30m fund that doesn’t just invest in potentially profitable ventures, but those who can have a positive social impact.
Jamaica is now ready for social impact investment, reckons Leap’s Saffrey Brown. Having spent more than 10 years running the JN Foundation and championing social enterprises, while her business partner Suzanne Shaw chalked up energy and environmental projects for the likes of the European Union (EU), World Bank and Inter-American Development Bank (IADB); they are confident that now is the right time.
Confident that: A. there are enough good ideas to invest in; B. the local venture capital climate can actually support them; and of course C., that they have the combined skills to make a difference. Continue reading