Gov’t in No Hurry to Regulate Angel Investors

State Minister of Finance, Fayval Williams, says the government is not ‘eager’ to start regulating the Angel Investor Network.

She says it prefers, instead, to allow the fledgling network time to develop.

Mrs Williams was speaking on Friday at the inaugural Caribbean Angel Investor Network Forum.

The forum was held at the Hyatt Rose Hall Resort in St James.

The Angel Investment Network comprises a group of individuals of high-net-worth, investing capital and time in young start-up businesses.

It’s a fairly new to concept to Jamaica which was introduced just over two years ago by First Angels Jamaica, followed by Alpha Angels.

During a panel discussion, Co-founder of First Angels Jamaica, Joseph Matalon, said the government has a role to play in the building out of an ecosystem.