Welcome to VCEFL
The Tobago House of Assembly Venture Capital Equity Fund Limited (VCEFL) is a venture capital company which began operations in 2012. The focus of the Fund is on investments that support the eco-diversification mandate and which will be guided by the overall “clean, green, safe and serene” principle.
As part of the wider Tobago Business Development Strategy, the purpose of VCEFL is to support and strengthen new and early stage qualified enterprises in public/private sector arrangements. The THA has set aside an amount of TT$25M up-front contribution to assist those Tobago businesses in realizing their aspirations in the economic diversification and development thrust.
Preferred Investment Sectors
- Agriculture and Agro-processing
- Light Manufacturing
- Information and Communication Technology (ICT)
- Green Technology and Renewable Energy
- Niche Tourism
- Creative Arts & Entertainment
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Investment Approval Process
- Initial Review and Screening
- Review by the Investment Committee
- Review and Decision by the Board of Directors
- Secretary for Finance and the Economy
- THA Executive Council
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Quick Facts
- The range of investment available is $500,000 to $5 million
- VCEFL cannot have greater than 50% equity stake in the company requiring investment
- There are no forms to complete when applying for investment funding
- VCEFL does not require a monthly repayment to be made on investments
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