'Don't let Innovation fund failures ruin investment'
The CEO of Digital Jersey says the poor execution of a scheme lending money to new businesses shouldn't stop future investment in innovation.
The Innovation Fund was set up to promote innovation and to help diversify the economy.
But, a scathing report estimates it has lost £1.4m of tax payers' money.
Tony Moretta told ITV News the idea behind the project isn't bad but it wasn't handled correctly.
He says he understands the negativity but it shouldn't put the island off investing again.