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!nnovate Guyana exists to support budding and existing business founders. Keep up to date on the latest !nnovate Guyana news, updates, and programs by subscribing to our monthly newsletter.
We not only respond; we do our best to understand and meet the ecosystem’s needs.
FOR IMMEDIATE RELEASE
CARIBBEAN-AMERICAN INVESTMENT FIRM NOW SUPPORTING GUYANA’S HIGH-POTENTIAL STARTUPS AND FAST-GROWING MICRO-BUSINESSES THROUGH !NNOVATE GUYANA
Monday, July 29, 2024, (Georgetown, Guyana and Miami, FL) — Caribbean focused investment firm, Blue Mahoe Capital Inc (“Blue Mahoe”), has entered a Memorandum of Understanding (“MOU”) with the Guyana-based Impact Venture Fund Inc (“IVF”) to facilitate Blue Mahoe’s investments in Guyana. Blue Mahoe will be the anchor investor for IVF, a privately held investment corporation supporting high-potential startups in science and technology, as well as fast-growing small enterprises in Guyana.
Blue Mahoe is a Florida headquartered investment firm focused on giving retail investors, Caribbean-Americans in particular, access to the emerging economies and markets of the Caribbean. Blue Mahoe seeks to connect Caribbean diaspora investors with investment-grade opportunities “back home” as an alternative to only sending remittances. To attract the Caribbean diaspora to these opportunities in the Caribbean, Blue Mahoe launched a Reg CF offering (www.islandforward.com) and plans to eventually list the company on the NASDAQ stock exchange, once qualified. Blue Mahoe is being assisted with this transaction by publicly-traded Plural Industry Holding Group (stock code PIHG). The Reg CF currently provides a regulated and transparent way for US investors to gain access to growth assets in the Caribbean. Initial funds are focused on affordable housing, private credit and launching an asset management firm to offer multiple funds.
The Impact Venture Fund is the investment company associated with !nnovate Guyana, a corporate-funded tech startup incubator, and US Agency for International Development (USAID) and Inter-American Development Bank (IDB) Lab-funded accelerator for high-growth small enterprises. Through the !nnovate Guyana initiative, the Impact Venture Fund will exclusively identify high quality, investment opportunities on behalf of Blue Mahoe and other investors. Blue Mahoe has committed US$5 million to enhance IVF’s capability to serve targeted Guyanese firms. Through this collaboration, Blue Mahoe and IVF will focus on firms operating in food, ecotourism, education, healthcare, and services for the underbanked, among other areas.
David Mullings, Chairman and CEO of Blue Mahoe, said “Oslene is highly respected in and outside of the region. She has the business development know-how, local experience, areas of common interest and the integrity that we seek in local partners. I have gotten to know Oslene over many years, and our values align. I believe that will drive the success of this endeavor. IVF will play an integral role in Blue Mahoe’s approach to investing, as we focus on what I call the Four Caribbean Tigers, which includes Guyana. Guyana has tripled its GDP per capita in just 3 years. Partnering with IVF and Oslene’s team will enable Blue Mahoe to move forward with optimism.”
Oslene Carrington, CEO of IVF and founder of !nnovate Guyana, said “My team and I have been building a solid foundation in Guyana for several years now. I am excited to be working with David and the Blue Mahoe team because, among other very important reasons, David is beyond solid. I’ve been watching him make big things happen for quite some time now. Since we share the same vision and have the same ethics, I have no doubt about what Blue Mahoe and IVF can achieve. There really isn’t any better partner for IVF and me, personally, right now. ”
For additional information, please contact info@theguyanatrust.org or info@bluemahoecapital.com
About Blue Mahoe Capital Inc
Blue Mahoe Capital is an impact investment firm, partnering with investors, entrepreneurs, businesses and project developers to drive positive social and economic change in the dynamic markets of the Caribbean.
It currently focuses on four asset classes: Real Estate, Private Credit, Public Equities and Private Equity. Blue Mahoe is currently raising funding for developing a social housing project in Jamaica, and intends to list on the US NASDAQ stock exchange as soon as qualified.
For more information, see Blue Mahoe Capital Inc.
About The Impact Venture Fund Inc
IVF is a Guyana-registered, privately-held investment corporation affiliated with The Economic Development Fund Inc, a privately-held company that operates the !nnovate Guyana science and technology incubator, and accelerator serving small and growing enterprises.
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Your attention is drawn to the Forward-Looking Statement notice below, which is an integral part of, and should be read in conjunction with, this news release.
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
FOR IMMEDIATE RELEASE
CARIBBEAN-AMERICAN INVESTMENT FIRM NOW SUPPORTING GUYANA’S HIGH-POTENTIAL STARTUPS AND FAST-GROWING MICRO-BUSINESSES THROUGH !NNOVATE GUYANA
Monday, July 29, 2024, (Georgetown, Guyana and Miami, FL) — Caribbean focused investment firm, Blue Mahoe Capital Inc (“Blue Mahoe”), has entered a Memorandum of Understanding (“MOU”) with the Guyana-based Impact Venture Fund Inc (“IVF”) to facilitate Blue Mahoe’s investments in Guyana. Blue Mahoe will be the anchor investor for IVF, a privately held investment corporation supporting high-potential startups in science and technology, as well as fast-growing small enterprises in Guyana.
Blue Mahoe is a Florida headquartered investment firm focused on giving retail investors, Caribbean-Americans in particular, access to the emerging economies and markets of the Caribbean. Blue Mahoe seeks to connect Caribbean diaspora investors with investment-grade opportunities “back home” as an alternative to only sending remittances. To attract the Caribbean diaspora to these opportunities in the Caribbean, Blue Mahoe launched a Reg CF offering (www.islandforward.com) and plans to eventually list the company on the NASDAQ stock exchange, once qualified. Blue Mahoe is being assisted with this transaction by publicly-traded Plural Industry Holding Group (stock code PIHG). The Reg CF currently provides a regulated and transparent way for US investors to gain access to growth assets in the Caribbean. Initial funds are focused on affordable housing, private credit and launching an asset management firm to offer multiple funds.
The Impact Venture Fund is the investment company associated with !nnovate Guyana, a corporate-funded tech startup incubator, and US Agency for International Development (USAID) and Inter-American Development Bank (IDB) Lab-funded accelerator for high-growth small enterprises. Through the !nnovate Guyana initiative, the Impact Venture Fund will exclusively identify high quality, investment opportunities on behalf of Blue Mahoe and other investors. Blue Mahoe has committed US$5 million to enhance IVF’s capability to serve targeted Guyanese firms. Through this collaboration, Blue Mahoe and IVF will focus on firms operating in food, ecotourism, education, healthcare, and services for the underbanked, among other areas.
David Mullings, Chairman and CEO of Blue Mahoe, said “Oslene is highly respected in and outside of the region. She has the business development know-how, local experience, areas of common interest and the integrity that we seek in local partners. I have gotten to know Oslene over many years, and our values align. I believe that will drive the success of this endeavor. IVF will play an integral role in Blue Mahoe’s approach to investing, as we focus on what I call the Four Caribbean Tigers, which includes Guyana. Guyana has tripled its GDP per capita in just 3 years. Partnering with IVF and Oslene’s team will enable Blue Mahoe to move forward with optimism.”
Oslene Carrington, CEO of IVF and founder of !nnovate Guyana, said “My team and I have been building a solid foundation in Guyana for several years now. I am excited to be working with David and the Blue Mahoe team because, among other very important reasons, David is beyond solid. I’ve been watching him make big things happen for quite some time now. Since we share the same vision and have the same ethics, I have no doubt about what Blue Mahoe and IVF can achieve. There really isn’t any better partner for IVF and me, personally, right now. ”
For additional information, please contact info@theguyanatrust.org or info@bluemahoecapital.com
About Blue Mahoe Capital Inc
Blue Mahoe Capital is an impact investment firm, partnering with investors, entrepreneurs, businesses and project developers to drive positive social and economic change in the dynamic markets of the Caribbean.
It currently focuses on four asset classes: Real Estate, Private Credit, Public Equities and Private Equity. Blue Mahoe is currently raising funding for developing a social housing project in Jamaica, and intends to list on the US NASDAQ stock exchange as soon as qualified.
For more information, see Blue Mahoe Capital Inc.
About The Impact Venture Fund Inc
IVF is a Guyana-registered, privately-held investment corporation affiliated with The Economic Development Fund Inc, a privately-held company that operates the !nnovate Guyana science and technology incubator, and accelerator serving small and growing enterprises.
_______________
Your attention is drawn to the Forward-Looking Statement notice below, which is an integral part of, and should be read in conjunction with, this news release.
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
Stay in the Know
!nnovate Guyana exists to support budding and existing business founders. Keep up to date on the latest !nnovate Guyana news, updates, and programs by subscribing to our monthly newsletter.
We not only respond; we do our best to understand and meet the ecosystem’s needs.