The Economic Development Minister, Senator Alan Maclean, has appointed four non-executive directors to the Jersey Innovation Fund (JIF) which has opened for business.
The Jersey Innovation Fund is an important element of the States of Jersey strategy to deliver growth and diversification in the local economy by supporting investment into original business ideas and improving Jersey’s international competiveness. The commitment to this initiative was confirmed when the States earmarked £5 million pounds for the fund.
The Jersey Innovation Fund aims to introduce new investment into the local economy, provide funding and support entrepreneurs, start-ups, and established organisations with innovative investment.
The JIF board is inviting applications from anyone seeking financial support. This can be for a new business idea, product or service. Applications for the first round of funding must be received by 5pm on Friday 13 December. The next round of applications will be early in 2014 and on a regular basis thereafter.
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