Noted Angel Investor, Sandra Glasgow, has welcomed the proposed Sidecar Fund Facility to be implemented by the Government, which will provide equity financing to early-stage, scalable and investment-ready business start-ups.
The facility, with technical and funding support from the Inter-American Development Bank (IDB), will make $200 million in equity financing available to business start-ups by matching the support from identified angel investors on eligible ventures.
Mrs. Glasgow said she is “most excited” about this announcement by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, during his 2019/2020 Budget presentation in May. The creation of the Sidecar Fund is among a raft of measures the Government will be undertaking to provide increased support to micro, small and medium-sized enterprises (MSMEs).