After four decades of little or not growth, the Jamaican economy is expected to grow at 1-2% over the medium term. The country is confronted by serious social issues that predominantly affect youth, such as high levels of crime and violence and high unemployment.
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For Minister Robinson Start Up Jamaica contributes to the realisation of Vision 2030 by linking the youth passion for ICT with entrepreneurship’s potential to build the local economy.Since the incepti... Show More +on of the Start Up Jamaica incubator in September 2014, six companies have piqued Oasis 500’s interest, attracting offers of investment. Three of them have just accepted the offer and will go to Jordan in April for a 100 –day acceleration program:Crimebot: With the 6th highest homicide rate in the world, crime and violence represents a significant challenge for Jamaica. Crimebot (winner of the Grand Prize at Digital Jam 3.0) provides users with live updates of incidents in their vicinity, through notifications, hot-spot illustrations and the anonymous submission of crime reports.”It shows how hard work really pays off,” explains Gareth Thompson from Crimebot. “It’s shocking to show how our idea is actually becoming a reality. I’m really ecstatic about it.”RevoFarm: Agriculture makes up close to 7% of Jamaica’s GDP but it is highly vulnerable to the effects of climate change. RevoFarm is designed to make it easier for farmers to grow and sell their produce, alerting them to new trends, climate-smart farming practices and helping them to share recommendations between users.Vinelist: For centuries shoppers have gone to the shopkeeper to buy whichever items they were looking for. The Vinelist reverses this relationship. A social shopping platform, now the merchants come to you.“In Jamaica there is a lot of enthusiasm and energy, but with the start-up space in its infancy, mentorship is scarce and experience limited,” says Mannin Marsh from VineList. “We are anxious to tap into the Jordanian experience to enable us to grow both locally and internationally.”In 2012, mobile app revenues topped US$18 billion worldwide and it’s a market which is ever growing. The Digital Jam series shone a spotlight on the prodigious talent of the Caribbean’s youth, impressing representatives from some of the world’s top digital companies.“Our business at Oasis500 is to use our angel investor and mentor networks to nurture creative ideas in Information Technology, Mobile and Digital Media and transform them into startup companies. We consider this initial investment via Start Up Jamaica to be a great milestone along what has so far been a successful journey for Oasis 500, and I expect nothing but greater success moving forward.” Hamidaddin concludes.With this investment from Oasis 500, the future is surely digital in Jamaica. Show Less -