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MOT does not provide funding for tourism
businesses, but has a Tourism Demand
Subsidy Scheme that helps small communities
to invest in the infrastructure (water and
sewerage) to sustain their tourism industry.
The Minister of Tourism also holds a
discretionary fund (Tourism Facilities Grants
Program) that provides funding for non-
commercial tourism facilities, in order to
enhance overseas visitors.
The Prime Minister released criteria in July 2013 for
applications for funds from the Tourism Growth
Partnership, a new government initiative aimed at
boosting innovation and lifting productivity in the
tourism sector.
Under the Tourism Growth Partnership, the
government is making $28 million available over
four years to support innovative projects that will
create new opportunities and overcome barriers to
growth in the tourism sector.
For each project approved for investment, the
government will provide up to 50% of the required
funding.
The Ministry will generally not invest in business start-
ups, Funding for Ministry projects will be after three
years.
Seed Capital:
Refers to the cash you need to get your business started.
This cash could come from your family members, friends and other external individuals.
Venture Capital:
Money provided by investors to
startup firms and small businesses with
perceived long-term growth potential.
Typically entails high risk for the
investor, but it has the potential for
above-average returns.
Private Equity:
A capital from high net worth
individuals and institutions for the
purpose of investing and acquiring
equity ownership in companies.
Angel investors:
An angel investor (also known as a
business angel or informal investor) is
an affluent individual who provides
capital for a business start-up, usually
in exchange for convertible debt or
ownership equity.
Loan:
Borrowing capital, particularly from
banks, is currently the commonest
method of financing investment.
Leasing:
A company which finances part or all
of the investment of the tourism
project. the tourism firm signs a
contract with a leasing company
which supplies equipment at a
negotiable price.
IBRD is an international financial institution which offers loans to middle-income developing countries. IBRD acquires most of its capital by borrowing on international capital markets through bond issues.
Formation- 1944
Purpose- development assistance & poverty reduction
Members- 188 countries
Headquarter- Washington, US
IDA is an international financial institution which offers concessional loans and grants to the world's poorest developing countries.
IBRD and its concessional lending arm IDA are collectively known as the World Bank as they share the same leadership and staff.
Formation- 1960
Purpose- development assistance & poverty reduction
Members- 172 countries
Headquarter- Washington, US
IFC is an international financial institution that
offers investment, advisory, and asset
management services to encourage private
sector development in developing countries.
Formation- 1956
Purpose- Private sector development & poverty reduction
Members- 184 countries
Headquarter- Washington, US
Purpose of TFCI: To develop tourism and tourism related activities,
facilities and services.
TFCI provides advisory and merchant banking
services in this field.
It is to co-ordinate activities and formulate
guidelines relating to finance tourism projects.
FINANCE PROJECTS RELATED TO
Hotels .Restaurants, Holiday resorts, Multiplexes
and entertainment centers, Education and sports,
Safari parks, Cultural centers, Convention
halls,Transport,Travel and tour operating agencies,
Air services