Tuesday, Mar 26, 2019
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Fusion Superplex: In the future large investors will see benefit of betting on high-risk projects

Fusion Superplex in a statement yesterday said it expects that in the future stakeholders, private investors, venture capitalists and commercial banks will see the benefit of investing in high-risk projects.

In an article published last week, Fusion Chief Operating Officer Dominic Richards expressed that raising capital is extremely difficult for Bahamians who want to carry out large projects like the IMAX theater complex. The company clarified in its statement that while the regulatory environment has improved greatly and regulators have been a huge asset to getting Fusion up and running, the big concern is that access to capital is still “daunting to secure”.

“As a company, Fusion Superplex is a shining example of what can be achieved when determination meets innovation,” the statement notes.

“While every country presents its own unique challenges, access to capital is daunting to secure no matter where you are.

“Strides have been made, but our culture and our country are still evolving, and with it the entrepreneurial spirit. We expect that in due time all stakeholders, private investors, venture capitalists and commercial banks will see the benefit of embracing the risks that can lead to immense rewards.”

The statement ended with Fusion’s pledge that it is willing to mentor those entrepreneurs and Fusion fans interested in pursing big opportunities.

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