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Jamaican startup ecosystems are still in the early stages of development and offer entrepreneurs a number of startup incubators and business networks for startup growth. The country enjoys proximity to the United States and the majority of the population has high English proficiency, facilitating business expansion.
\n\n==read-more==\n\n
The Jamaican government is supporting micro, small, and medium-sized enterprises (MSMEs) through various initiatives implemented by agencies such as the Development Bank of Jamaica, the Ministry of Industry, Investment and Commerce, and the Jamaica Business Development Corporation. Moreover, international organizations are active and highly influential in Jamaica’s startup ecosystem. For instance, the Inter-American Development Bank helps promote the innovation and growth of the Jamaican ecosystem through the [Boosting Innovation, Growth and Entrepreneurship Ecosystems (BIGEE) program](https://thinkbigee.com/about-us/). This initiative aims to achieve sustainable and robust growth among startups and MSMEs by offering funding for incubators and accelerators, and vouchers, grants and loans for startups and MSMEs. The national startup ecosystem also received funds from the European Union's Caribbean Investment Facility (CIF) to promote gender equality, address climate change, and respond to COVID-19 to drive business innovation and productivity.
\n\n
The private sector is involved in the ecosystem with an increasing number of support organizations offering services to startups. Notable business support intermediaries include [RevUP Caribbean](https://revupcaribbean.com/) and [Branson Centre of Entrepreneurship Caribbean](https://bransoncentre.co/).
\n\n
The local market might not be the biggest but it has definitely nurtured an outstanding company: Digicel, a mobile phone network provider operating in 33 markets across the Caribbean, Central America, and Oceania regions. As expected, the main startup hub is Kingston, the capital of Jamaica. It is one of the main technology and subcontracting centers in the Caribbean, and has in recent years become home to a number of initiatives to support startups and incubators.
\n\n
The ecosystem faces challenges such as difficulty accessing finance, a risk averse culture and lack of community amongst ecosystem stakeholders. However, the BIGEE program has made progress in addressing these gaps.
\n\n
To conclude, while Jamaica’s startup ecosystems are still growing, they are dynamic and have deep development potential.
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Taxes and incentives:

\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n- Setting up headquarters in Jamaica allows tax exemptions for expatriate employees' personal income.\\\\\\\\\\\\\\\\n \\\\\\\\\\\\\\\\n- Companies on the Junior Stock Exchange are exempt from Corporate Income Tax for the first 5 years, 50% off for the next 5.\\\\\\\\\\\\\\\\n \\\\\\\\\\\\\\\\n- Companies in Special Development Areas enjoy tax-free rental income and exemptions on property transfer tax and stamp duties for property improvements. \\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n

Investor Landscape:

\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n- Angel Investors\\\\\\\\\\\\\\\\n \\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n - [The Development Bank of Jamaica](https://dbankjm.com/) Angel Fund partners with angel investors through co-investment to support innovative and scalable Jamaican startups, acting as a matchmaker between startups and investors.\\\\\\\\\\\\\\\\n \\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\t- [FirstAngelsJA](https://firstangelsja.com/) is the angel investors network in Jamaica that invests in, advises, connects, and mentors growing companies.\\\\\\\\\\\\\\\\n \\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\t- [Alpha Angels](https://alphaangels.co/) is another network of angel investors, motivated to give back to Jamaica and the Caribbean by helping innovative ventures to grow.\\\\\\\\\\\\\\\\n
\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n- Grants: Development Bank of Jamaica is one of the largest funders of startups through grants like GoDigital Voucher, MSME Grant Funding Programme, Ignite III, patent grant funding and the Innovation Grant Fund.\\\\\\\\\\\\\\\\n \\\\\\\\\\\\\\\\n- Loans: Entrepreneurs in Jamaica receive support through specialized loans from various organizations, including National Commercial Bank, Jamaica National Small Business Loan Limited, and First Global Bank Limited.\\\\\\\\\\\\\\\\n- Venture Capital: This kind of funding is yet to develop in Jamaica, however, Development Bank of Jamaica has announced that they will run programs to match MSMEs with providers of equity capital.\\\\\\\\\\\\\\\"},\\\\\\\\\\\\\\\"topList\\\\\\\\\\\\\\\":\\\\\\\\\\\\\\\"

High level of tech experts and researchers. More than 326,000 researchers in over 800 scientific organizations.
Huge potential for research and development in AI and Big Data Center of creativity in Europe.
Creative industries and the high tech sector produce a strong synergy effect for the birth of new ideas.
High level of tech-optimism and willingness to try innovations amongst the population.

\\\\\\\\\\\\\\\",\\\\\\\\\\\\\\\"departmentName\\\\\\\\\\\\\\\":\\\\\\\\\\\\\\\"Jamaica\\\\\\\\\\\\\\\",\\\\\\\\\\\\\\\"topBannerText\\\\\\\\\\\\\\\":{\\\\\\\\\\\\\\\"en\\\\\\\\\\\\\\\":\\\\\\\\\\\\\\\"Jamaica's startup ecosystem, supported by international organizations and government agencies, offers a range of benefits for launching your startup in the country.\\\\\\\\\\\\\\\",\\\\\\\\\\\\\\\"default\\\\\\\\\\\\\\\":\\\\\\\\\\\\\\\"The Jamaican startup ecosystem is still in the early stages of development and offers entrepreneurs a number of startup incubators and business networks for startup growth. The country enjoys proximity to the United States and the majority of the population has high English proficiency, facilitating business expansion.\\\\\\\\\\\\\\\"},\\\\\\\\\\\\\\\"aboutQuoteAuthor\\\\\\\\\\\\\\\":\\\\\\\\\\\\\\\" \\\\\\\\\\\\\\\",\\\\\\\\\\\\\\\"aboutQuoteTitle\\\\\\\\\\\\\\\":\\\\\\\\\\\\\\\" \\\\\\\\\\\\\\\",\\\\\\\\\\\\\\\"aboutQuoteText\\\\\\\\\\\\\\\":\\\\\\\\\\\\\\\" \\\\\\\\\\\\\\\",\\\\\\\\\\\\\\\"aboutText\\\\\\\\\\\\\\\":{\\\\\\\\\\\\\\\"en\\\\\\\\\\\\\\\":\\\\\\\\\\\\\\\"The Jamaican startup ecosystem is still in the early stages of development and offers entrepreneurs a number of startup incubators and business networks for startup growth. The country enjoys proximity to the United States and the majority of the population has high English proficiency, facilitating business expansion.\\\\\\\\\\\\\\\\n

\\\\\\\\\\\\\\\\nThe Jamaican government is supporting sustainable and robust growth of micro, small, and medium-sized enterprises (MSMEs) with non-reimbursable investment financing. Moreover, international organizations are active and highly influential in Jamaica’s startup ecosystem. For instance, Inter-American Development Bank helped promote the innovation and growth of the Jamaican ecosystem through the Boosting Innovation, Growth and Entrepreneurship Ecosystems (BIGEE) program. The initiative aimed to achieve sustainable and robust growth among startups and MSMEs. It offered funding for incubators, grants and loans for startups. The startup ecosystem also received funds from the European Union’s Caribbean Investment Facility (CIF). Funding is given to promote gender equality, climate change, and response to COVID-19 to drive business innovation and productivity.\\\\\\\\\\\\\\\\n

\\\\\\\\\\\\\\\\nThe local market might not be the biggest but it has definitely nurtured a substantial company: Digicel, a mobile phone network provider operating in 33 markets across the Caribbean, Central America, and Oceania regions. As expected, the main startup hub is Kingston, the capital of Jamaica. It is one of the main technology and subcontracting centers in the Caribbean, and has in recent years become home to a number of initiatives to support startups and incubators.\\\\\\\\\\\\\\\\n

\\\\\\\\\\\\\\\\nTo conclude, while Jamaica’s startup ecosystem is still growing, it is dynamic and has deep development potential\\\\\\\\\\\\\\\",\\\\\\\\\\\\\\\"default\\\\\\\\\\\\\\\":\\\\\\\\\\\\\\\"The Jamaican startup ecosystem is still in the early stages of development and offers entrepreneurs a number of startup incubators and business networks for startup growth. The country enjoys proximity to the United States and the majority of the population has high English proficiency, facilitating business expansion.\\\\\\\\\\\\\\\\n

\\\\\\\\\\\\\\\\nThe Jamaican government is supporting sustainable and robust growth of micro, small, and medium-sized enterprises (MSMEs) with non-reimbursable investment financing. Moreover, international organizations are active and highly influential in Jamaica’s startup ecosystem. For instance, Inter-American Development Bank helped promote the innovation and growth of the Jamaican ecosystem through the Boosting Innovation, Growth and Entrepreneurship Ecosystems (BIGEE) program. The initiative aimed to achieve sustainable and robust growth among startups and MSMEs. It offered funding for incubators, grants and loans for startups. The startup ecosystem also received funds from the European Union’s Caribbean Investment Facility (CIF). Funding is given to promote gender equality, climate change, and response to COVID-19 to drive business innovation and productivity.\\\\\\\\\\\\\\\\n

\\\\\\\\\\\\\\\\nThe local market might not be the biggest but it has definitely nurtured a substantial company: Digicel, a mobile phone network provider operating in 33 markets across the Caribbean, Central America, and Oceania regions. As expected, the main startup hub is Kingston, the capital of Jamaica. It is one of the main technology and subcontracting centers in the Caribbean, and has in recent years become home to a number of initiatives to support startups and incubators.\\\\\\\\\\\\\\\\n

\\\\\\\\\\\\\\\\nTo conclude, while Jamaica’s startup ecosystem is still growing, it is dynamic and has deep development potential\\\\\\\\\\\\\\\"},\\\\\\\\\\\\\\\"ownerName\\\\\\\\\\\\\\\":\\\\\\\\\\\\\\\"Client Name\\\\\\\\\\\\\\\",\\\\\\\\\\\\\\\"about\\\\\\\\\\\\\\\":\\\\\\\\\\\\\\\"\\\\\\\\\\\\\\\",\\\\\\\\\\\\\\\"whyCityPageTitle\\\\\\\\\\\\\\\":{\\\\\\\\\\\\\\\"en\\\\\\\\\\\\\\\":\\\\\\\\\\\\\\\"Why Jamaica?\\\\\\\\\\\\\\\"},\\\\\\\\\\\\\\\"whyText\\\\\\\\\\\\\\\":{\\\\\\\\\\\\\\\"en\\\\\\\\\\\\\\\":\\\\\\\\\\\\\\\"![](https://lh7-us.googleusercontent.com/fRzonjlxBmGHr_460pzlIt49oKo5bUf5Po3sCBSjdHnv-y1DR-Hd13p0X5Mmnu_PwcRYt5k2i2o2wW-iJYD2BTbi_X09I0ZAcq-lWww2gaG_j92hQS0gwko4FtNbzFyC3rqCnbNtZUbWOTFo2nyzaVc)\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\nAre you thinking of relocating for work or setting up a new business? Jamaica could be the perfect spot for you! Here are some compelling reasons why making the move to Jamaica is a great idea:\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n

\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n## 1. Cost-Effective Living\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\nJamaica offers a lower cost of living compared to metropolitan cities in the world. Your money goes a long way here, allowing you to live comfortably without spending a lot. For instance, according to [Expatistan](https://www.expatistan.com/cost-of-living/comparison/london/kingston-jamaica), the cost of living in Kingston, Jamaica is 50% cheaper than living in London, as of October 2.\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n

\\\\\\\\\\\\\\\\n## 2. Adventure and Relaxation\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n![](https://lh7-us.googleusercontent.com/LPi_FEkjajqa5MYAx04Nc81b4kODn3_ght-3LZzE8GCj9VXJNvi3eEtyRuCe41ZZMimUys9GhBoT-bqjKbyqd7S3_A-KDz0xOw-pEbFR6g459La91gj3HK-XbFmHeZJrz80j6fMrqtAscLC8_j6rfHI)\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n \\\\\\\\\\\\\\\\n \\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\nJamaica is a paradise for adventure seekers and those who love the beach! You can explore lush mountains, enjoy hiking, biking, or camping in beautiful national parks. And of course, let's not forget the stunning beaches. Swim, snorkel, or just soak up the sun. The island is also rich in culture, with music, festivals, and local events happening throughout the year.\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n

\\\\\\\\\\\\\\\\n## 3. Warm Weather All Year Round\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\nSay goodbye to winter jackets and unpredictable weather! Jamaica enjoys consistent warm weather throughout the year. With temperatures ranging from 22 to 33 degrees Celsius, you'll find yourself spending more time outdoors and soaking up that much-needed Vitamin D.\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n

\\\\\\\\\\\\\\\\n## 4. Community and Belonging\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\nLiving on an island like Jamaica gives you a true sense of community. Get to know your neighbors, engage in community events, and embrace the camaraderie that comes with island living. Whether it's supporting your local sports team or participating in volunteer work, you'll quickly become a valued member of Team Jamaica.\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\nRelocating your business or yourself to Jamaica is not just a change of scenery; it's a change in lifestyle. Enjoy the warmth, the adventure, and the strong sense of community that this beautiful island offers. Jamaica welcomes you with open arms and a promise of a fulfilling, enriching experience.\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n

\\\\\\\\\\\\\\\\n## 5. Cuisine\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n![](https://lh7-us.googleusercontent.com/RyXmQhhGbgRlM-tVKTl03GZ3V1TbKn8bzPZCowkWtv_E83hees-9oGiCYhn8bRgI3ToeDJ2gdIB0goYuK0id5KzVjo1zOBuRlZzyfJMHIegVnjg0mnM4OW0VBEMRTt-ON0YsPn3dS1bsOzsOuHtqEU0)\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\nJamaican cuisine offers a range of tasty dishes. One popular dish is jerk chicken, which is chicken marinated in a spicy blend of seasonings like allspice, scotch bonnet peppers, and thyme, then grilled to perfection. Jerk pork is another favorite, prepared in a similar way to jerk chicken but using pork instead. Ackee and saltfish is a traditional dish made with ackee fruit and salted cod, often accompanied by vegetables and seasonings. Rice and peas, a staple side dish, is made with rice and kidney beans cooked in coconut milk, giving it a rich and creamy taste. Don't forget about patties, savory pastries filled with seasoned meat or vegetables, and fried dumplings, a delicious fried dough often served for breakfast. These dishes showcase the diverse and flavorful nature of Jamaican cuisine.\\\\\\\\\\\\\\\",\\\\\\\\\\\\\\\"default\\\\\\\\\\\\\\\":\\\\\\\\\\\\\\\"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 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This potential is further enhanced by its proximity to the United States and historical ties with the United Kingdom, as well as a population with high English proficiency, which is advantageous for business expansion.\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n

Government and International Support

\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\nThe government of Jamaica is actively supporting the growth of micro, small, and medium-sized enterprises (MSMEs) through matching grants with the aim of developing more innovative scalable businesses. International organizations play a significant role in Jamaica's startup ecosystem, with examples like the Inter-American Development Bank role in the Boosting Innovation Growth and Entrepreneurship Ecosystems. This initiative provides funding for incubators, grants, and loans to startups and MSMEs, while the European Union's Caribbean Investment Facility (CIF) also contributed funds, targeting gender equality, climate change, and COVID-19 response to drive business innovation and productivity.\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n

Government and International Support

Startup Support

\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n

Coworking Spaces in Jamaica

Government and International Support

Startup Support

\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n

Coworking Spaces in Jamaica

\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\n [The Hub:](https://thehub.io/) Situated at the intersection of Lady Musgrave and Trafalgar roads, in close proximity to New Kingston's business district, The Hub stands as Jamaica's leading co-working and business support center. It offers a contemporary and professional workspace for consultants, freelancers, and startup entrepreneurs to collaborate and work effectively.\\\\\\\\\\\\\\\\n \\\\\\\\\\\\\\\\n[CoWork JA:](https://coworkja.com/) CoWork JA not only provides the typical amenities found in a coffee lounge but also a diverse range of services that are currently unavailable within Kingston's market. 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