Wednesday 5 August, 2020

Local start-ups to benefit from Investment Readiness Programme

“Investment readiness is really the key to unlocking success,” explained Sandra Glasgow, Managing Director/Co-Founder of BizTactics Limited and FirstAngelsJA.

“Investment readiness is really the key to unlocking success,” explained Sandra Glasgow, Managing Director/Co-Founder of BizTactics Limited and FirstAngelsJA.

BizTactics –   a company co-founded by Jamaican angel investor Sandra Glasgow – has announced an opportunity for founders seeking equity investments to grow their ventures.

Through its Investment Readiness Programme, BizTactics will collaborate with the Jamaica Venture Capital Programme (JVCP) at the Development Bank of Jamaica (DBJ) and IDB Labs to provide founders with the tools and knowledge to make their businesses attractive to investors.

The programme targets potentially high-growth businesses with products or services that demonstrate the use of innovative technologies driven by a scalable business model with national, regional, or international impact.

“Investment readiness is really the key to unlocking success,” explained Glasgow, Managing Director/Co-Founder of BizTactics Limited and FirstAngelsJA. “Investors are interested in businesses that have great potential for growth and are able to scale.”

She said BizTactics Limited collaborated with the DBJ to develop this programme after recognising that while there are innovative businesses looking for investors, many need to take further steps to ensure investor confidence and make them more attractive to receive equity financing,” Glasgow said.

Participants will be given the keys to unlocking success from leading business experts, many of whom are members of the FirstAngels Network.

Glasgow is an angel investor and mentor with over 35 years’ experience supporting the growth of small and medium enterprises.

She heads an impressive panel of facilitators, including Kimala Bennett, CEO of The LAB; Sanya Goffe, attorney-at-law; Sharon Roper, brand strategist, Gregory Pearce, Chartered Accountant; Yasmin Benjamin, Strategic HR Consultant and Denzil White, Tax Expert.

Workshops will delve into critical topics including ‘Introduction to Finance and Accounting’, ‘Strategy, Growth and Scaling’, ‘Thinking Like A Marketer’, ‘Managing Processes and People’, ‘Corporate Governance’ and ‘How to Become a Successful CEO’.

“Many of the applications for funding received by FirstAngelsJA are interesting and some may, no doubt, be profitable and viable in the long run, but most are not “investable” in the short term,” Glasgow said.

“To address these issues, we have made it a mandatory requirement for founders who may wish to pitch their business ideas to the network, to go through an Investment Readiness Programme before getting a chance to pitch.”

Since the inception of this programme in 2018, 99 business founders and their team members have attended the workshops, with 41 of them receiving up to four hours of coaching to develop their pitches. Nine have pitched to the Angels and four have received investments totalling $76.4 million for an average equity stake of 27.82 per cent.

The focused and in-depth 45-hour programme will be delivered through a series of eighteen 2-and-a-half hour online workshops facilitated by a team of experts in the field.

The most promising participants will be selected to receive up to 20 hours of one-on-one coaching before pitching to the Angels.

In addition to learning from business leaders, this programme intends to connect high growth companies to the FirstAngelsJA angel investors network. For more information on the programme and how to register please visit  www.growwithbiztactics.com before July 13, 2020.

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