With seven years of experience accelerating businesses, the Branson Centre of Entrepreneurship has established itself as the premier accelerator in the Caribbean.
The Branson Centre’s hardworking team, based in Kingston, Jamaica, work tirelessly to drive entrepreneurial business growth and bridge the gap between entrepreneurs and capital investment.
The centre supports entrepreneurs in the ‘scale up’ phase and so far their impact has been impressive, with the 2018 cohort of entrepreneurs seeing an average of 45 per cent increase in net profit.
Earlier this month the Branson Centre Caribbean welcomed twelve new businesses to join the second instalment of its accelerator programme. The six-month programme equips entrepreneurs with tools to scale their business and provides a pipeline to investment through a group with some of Jamaica’s major sources of venture capital.
Close to 200 businesses from across the Caribbean submitted applications and after a rigorous vetting process, the businesses selected to be part of the first round of the this year’s cohort include: Miss T’s Kitchen, Info Exchange Limited, Elevate Media Limited, Shavuot Farms, Fuzion Foods, Algas Organics, A Taste Of The Caribbean Limited, Novelty Gimmicks, Digita Global Marketing, DCI Solutions, Candy Craze,and Spaces Limited.
The six-month programme equips entrepreneurs with tools to scale their business and provides a pipeline to investment.
“We have created a viable investment pipeline for entrepreneurs in our programme by bringing together one of the strongest groups of venture capital to the table,” said Branson Centre CEO Lisandra Rickards. “Investors include NCB Capital Markets, PROVEN Investments, PanJam Investments, GK Capital and Norbrook Equity Partners. We anticipate significant growth in the ecosystem thanks to their stalwart support toward our unified mission of creating dynamic Caribbean economies”.
Branson Centre Chairman and PROVEN CEO Christopher Williams added “Our entrepreneurs have opportunities to pitch to institutional investors, who represent a majority of the venture capital available in Jamaica who are ready to invest upwards of US$1 million investments in each deal. This strategic move addresses long-standing funding challenges in the ecosystem and gives our partners direct access to investment-ready ventures.”
Branson Centre defines companies in the scale up phase as those in the J$25 Million - J$200 Million revenue bracket, looking to increase scale their operations, increasing revenue and entering new markets. Entrepreneurs support this growth through increased governance through a Board of Directors and an injection of capital via equity investors. Its high-touch services are delivered to two cohorts each year.
The programme is offered across a six-month period and incorporates rigorous training through business workshops and investment readiness bootcamps sponsored by NCB, as well as support through advisory boards and monthly CEO meetings with heads of industry.
Branson Centre of Entrepreneurship – Caribbean was launched in Montego Bay, Jamaica in 2011 by business magnate Sir Richard Branson. Branson Centre stands as the Caribbean’s leading business accelerator for scale-up entrepreneurs, bringing world-class entrepreneurial support to the region and working toward its mission of creating dynamic Caribbean economies.