The Tobago House of Assembly Venture Capital Equity Fund Limited (VCEFL) is a company established in 2010 to support private sector investments in priority areas. The VCEFL’s Mandate is to strengthen qualified fledging enterprises through public/private sector equity arrangements of between $500,000 and $5 million to enable Tobago’s economic diversification. The company is guided by the Venture Capital Act 1994 and managed by a Board of Directors.

Eligibility

Any company not engaged in financial services, retail services, property management, rental, leasing or improvement of land, and customs brokerage can submit a proposal to the VCEFL. Potential investees, however, must:

• Be incorporated or continued under the Companies Act (1995);
• Be designated a CARICOM Enterprise under the CARICOM Enterprise Act;
• Have issued and fully paid up capital of less than $50 Million;

High Priority Areas Include:

• Clean Light Manufacturing;
• Agriculture and Agro-Processing;
• Niche Tourism;
• Clean, Renewable Energy and Green Technology;
• ICT Information Communication Technology;
• Creative Arts and Entertainment; and,
• Evaluation Process for Investment

For an investment to be made a company must submit a business plan to the VCEFL, located on the first floor of the Victor E. Bruce Financial Complex. The proposal is then reviewed at different stages, by both the VCEFL Board and investment committee, who analyse submissions based on the following:

• Management: An examination of the company’s track record, capacity for financial partnership and the entrepreneurial drive;
• Company, Product and Service: Consideration of the potential sales, feasibility and market potential of the proposed activity; and,
• Investment: An Appraisal of the underpinning strategy, size of investment and target market

Contact Information:

First Floor, Victor E. Bruce Financial Complex

6-10 Post office Street, Scarborough, 900212, Tobago

Phone: 868-299-0771 ext. 52700, 52702, 52704, and 52705

E-mail: vcefl@gov.tt

Or visit: www.tobagoventurecapital.com