The Secretary of Finance and Enterprise Development today announced that the Tobago House of Assembly, having understood the need to provide equity capital as a means of mobilizing participation in the Cove Eco-Industrial Park and elsewhere in Tobago, has initiated a Tobago House of Assembly Venture Capital Company. The Tobago House of Assembly Venture Capital Equity Fund Limited was registered pursuant to the Venture Capital Act, effective November 17, 2010. Its primary function is to facilitate the diversification of the Tobago economy away from the overdependence on tourism, while maintaining the island’s pristine environment.