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TIC signs MOU with the Corporate Finance Broker Unit, Jamaica Trade & Invest - 2008-05-10

The purpose of the Memorandum of Understanding between the parties is to establish a working relationship between the TIC and the CFB Unit, allowing both entities to collaborate on the delivery of an extensive range of technical, financial and business development services, such as:
i. Financial Planning
ii. Financial Management
iii. Financial Restructuring
iv. Identifying sources of finance and/or technical assistance
v. Training sessions and workshops in areas such as record keeping & basic accounting, preparing to access financing from the bank, financial management including business plan writing and taxation for SMEs

The Memorandum of Understanding came into effect on May 7, 2008 and will continue until December 31, 2009. The Corporate Finance Broker (CFB) Unit offers business development services and workshops to all Micro, Small and Medium-sized Enterprises (MSMEs) participating in the European Union (EU) funded Private Sector Development Programme (PSDP).

Since 2002, The Technology Innovation Centre has been playing a pivotal role in the growth and development of the small business sector through the provision of targeted business support and resources, particularly in relation to business incubation. Today, the TIC has gained the distinction of being pioneers of business incubation in the Caribbean with modern facilities and a high occupancy level.





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