Arrington: “Women Entrepreneurs — Stop Blaming Men For Your Problems.”
WHAT SIGNIFICANT CONTRIBUTION HAS THE TIC DONE FOR JAMAICA?
The alleged Technology Innovation Center located at UTECH Jamaica has been around for some years now. It was founded by a one Sandra Glasgow. See something on her on the net here.
See the history of the TIC below;
“Established in 2002, the Technology Innovation Centre (TIC) is a specialised unit of the Joan Duncan School of Entrepreneurship, Ethics and Leadership (JDSEEL), of the College of Business and Management (COBAM), all of which are a part of the University of Technology, Jamaica. The TIC supports the growth and development of early stage, technology driven, and technology enabled companies in the residential programme, as well companies from other industries in the associate and virtual programmes.
The TIC holds the distinction of being the English Speaking Caribbean’s first business Incubator and is seen as a unique institution with a vision of making a positive difference in the business community. It was developed out of the former Entrepreneurial centre, which was established at UTech in 1987.
As a business incubator, it is designed to assist businesses to become established and profitable during their start up or early development phase. The main benefit is its ability to substantially reduce the start up costs of enterprises and reduce the risk of small business failure”. Source: http://www.ticjamaica.com/about.html
There Clients: http://www.ticjamaica.com/clients.html
My checks some years aback showed that “March 2004, Mr. Lee-Chin pledged US$1 million to be disbursed over five years to the Technology Innovation Centre at the University of Technology (Kingston)” Source: Google Search.
I am not sure if this pledge ever made its way to the TIC.
Frankly the TIC is nothing more than a glorified location for not so cheap office space for rent. There is nothing innovative about it, with exception of 1-3 of the clients of the past and present.
92% of Founders are Male
History is correct, males are the future of science and technology. Though there are a few exceptions with super female scientist who kick their butts hands down.
The point is this. There may be direct correlation in Jamaica’s poor economic performance over the last 40 years, and the lack of males playing their vital role in society due to unqualified females/effeminate males holding key positions important to growth at the grass roots level and the top level. They are posers in my book, and that is bad for economics.
This of course is based on my own experience in Jamaica and what I have seen across various boards of major companies and various executive positions in various companies in Jamaica.
It is a totally ridiculous and a total fallacy in thinking that women in Jamaica can lead a tech sector or play any significant role in its development at any level. History of technology innovations proves that this is impossible.
IT COST ME A COUPLE THOUSAND USD TO HOLD THE FIRST VENTURE CAPITAL CONFERENCE & EXPO IN JAMAICA
Kingston Venture Capital Conference & Expo 2009 Expert technical panellist for technology related ventures held at JTI Training room. See website for event kingstonvc2009.
The event was not a event for sold out audience, but held without any media support with international players video conference to make vital contacts in the VC sector for the local technology participants. Funny enough the entire slate of presenters were all males.
In 2009 there were very few takers. No females got in locally to support the event from a corporate stand point, and frankly the meeting I had with the TIC was total hog wash.
They the TIC even had the nerve to ask for all my VC contacts in the states and to put off holding my event for 6 months so they could hold one like my own using my contacts. It was quite a shocker really.
THE JAMAICAN CULTURE IS NOT RIPE FOR VCs OR TECH START UPS
Having been here for some time now, I would say it is now safe to say that Jamaica is not ready for international VCs to enter the market. Unless they are being guided by honest local VCs and or industry experts. This of course is so hard to find it is ridiculous.
It is not uncommon for so called tech experts to claim that their websites had over 40,000 unique local visitors per month or if my memory serves me correct one dude even claimed having over 500,000 unique local visitors & international per month.
What is sad is that the time I recalled that article Jamaica did not even have that many people on the internet to contribute a significant amount of uniques to his site. Now I hear is a VC, and have never ran a successful tech start up to date.
Scamming seems to be in the blood here a lot. Not something Jamaicans should be proud of or tolerate at all. The sad thing some of these scammers think they are justified in their scam. CBS even exposed the problem Jamaica faces with scammers.
Overpricing a web site job is also a scam. Overstating your website stats in the magnitude of unreal, when you are not a novice and as such it is not a honest mistake of not knowing the difference between hits and unique visitors is scamming the market.
Of course this is not unique to Jamaica. But for a sector emerging it can hurt it real bad when the facts are revealed.
None the less give this place a few more years and see what the landscape will look like then. I was naive at first and so for a very long time in respect to developing my land of birth. No more.
Fortunately for the few true talent that exist in Jamaica, IPO2.0 a new Crowdfunding platform TBA, and the few local VCs may be a true alternative.
And in closing….