JAM | Dec 4, 2023

Shavout completes successful J$16 million DBJ grant funding project

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Richard Harris, CEO of Shavout address the audience. (Photo: Contributed)

Shavout International Holdings Company has successfully completed its J$16 million project by the Development Bank of Jamaica (DBJ) under its Innovation Grant Fund (IGF) for medium-sized Jamaica businesses with innovative products and services.  

The IGF funding facility is apart of the Boosting Innovation Growth & Entrepreneurship Ecosystem, which is a five-year project valued at US$25 million being implemented by the Government of Jamaica (GOJ) financed by the Inter-American Development Bank (IDB).

Shavout’s project is aimed at implementing a new product line that utilises real Jamaican fruits and other Ingredients into a dissolvable powdered form to produce functional beverages and foods. The company has successfully completed all its deliverables within the 12-month implementation period. 

The Shavout product line being inspected by Shullette Cox, president of JMAPRO and team officers of DBJ Carlton Dunkley and Roxanne Donegan (Photo: Contributed)
L-R Carlton Dunkley, DBJ, Shulette Cox, President, JAMPRO, Marlene Parker, JAMPRO and Joel Harris, of Shavout (Photo: Contributed)
(Photo: Contributed)

Shavout successfully ‘closed-out’ the IGF project and launched its state-of-the-art manufacturing facilities at in Port Maria, St. Mary two weeks ago on November 24.


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