I attended a presentation yesterday organised by the JCC, where a government representative outlined the workings of the Isle of Man Enterprise Development Scheme that was recently approved by Tynwald. I don’t have the slides to share, but in the meantime, I’d like to share some of the tweets that I pushed out at the talk was presented to us. Should help give a flavour of what the Scheme is all about:
Full room listening to #entdevscheme talk https://t.co/Ngmkj0DbHR
— Owen Cutajar (@OwenC) November 17, 2015
The Isle of Man presents a balanced economy with 19 different economic sectors, low unemployment and no national debt #entdevscheme
— Owen Cutajar (@OwenC) November 17, 2015
#iom enterprise strategy: to ensure an attractive business climate for #entrepreneurs to invest, work and create jobs #entdevscheme
— Owen Cutajar (@OwenC) November 17, 2015
#entdevscheme is a £50million fund, launching in early 2016 designed to create jobs, consisting of grants loans and equity
— Owen Cutajar (@OwenC) November 17, 2015
#entdevscheme to focus on 'exporting businesses", designed to be self-sustaining and aware that there is risk in investment
— Owen Cutajar (@OwenC) November 17, 2015
#entdevscheme divided into 'fledgling', 'accelerator and 're-locator' type offerings
— Owen Cutajar (@OwenC) November 17, 2015
Fledgling: grants to 5k for small companies to R&D and create new companies – #entdevscheme
— Owen Cutajar (@OwenC) November 17, 2015
Accelerator: aimed at SME looking to scale up, max loan of £100k, max investment of £250 #entdevscheme
— Owen Cutajar (@OwenC) November 17, 2015
Relocator: aimed at bringing medium to large UK companies to the #iom to create 20+jobs over the period of investment #entdevscheme
— Owen Cutajar (@OwenC) November 17, 2015
#entdevscheme aimed at Startup, R&D phases and 2nd round funding, but #iom also needs to help companies with 1st round funding too
— Owen Cutajar (@OwenC) November 17, 2015
#iom enterprise strategy is to help Exits too, as these create local angels and HNWs #entdevscheme
— Owen Cutajar (@OwenC) November 17, 2015
#iom needs local angel networks, more marketing, business incubation facilities, and more #entdevscheme
— Owen Cutajar (@OwenC) November 17, 2015
That was what I got, I’ll keep trying to get my hands on the slides and will share them here if @JohnGarland15 passes me a copy 🙂