Overview
With the launch of the CIB-sponsored venture capital company, AddVenture Capital Fund Limited, we have become a major participant in Trinidad and Tobago’s venture capital industry. Through AddVenture, residents of Trinidad and Tobago are offered a unique opportunity to earn substantially superior returns on their investment in the fund because of the expertise provided by the Fund Manager, CLICO Investment Bank Limited.
In addition, a generous tax credit is given to investors immediately upon investment. Through its investments in the equity of small to medium sized businesses, AddVenture allows rapidly growing businesses the opportunity to expand without the excessive burden of debt, while contributing to the growth and diversification of our economy.
AddVenture's primary objective is to nurture the growth and expansion of local businesses resulting in significant job creation, economic growth and increased international competitiveness.
AddVenture makes equity investments in qualifying companies in accordance with the provisions of the Venture Capital Act (1994) and its attendant regulations. AddVenture is also allowed to make permitted investments as defined in the Act, such as investments in cash and near cash assets held at an institution licensed under the Financial Institutions Act (1993). In addition to providing equity capital, the Company's functions include the provision of managerial and business expertise to those companies in which it already has made (or is considering making) an investment.
Add Venture Capital Fund Limited was incorporated as a limited liability company under the Companies Ordinance on December 31st 1996. AddVenture was registered as a venture capital company (VCC) under the Venture Capital Act (1994) on January 13th 1997 and became a public company on March 27th 1998. The registered office of AddVenture is 2 Herbert Street, St. Clair, Port-of-Spain.
- To learn more about AddVenture, click here.
- If you have general questions about venture capital, then click here.
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