Technology Venture Capital Fund
FUND SIZE: R130 MILLION (Off-balance sheet)
Qualifying Criteria
Qualifying criteria include, but are not limited to:
- Viability and sustainability
- Innovation
- Local Intellectual Property
- Market potential
- Competitive advantage
- Developmental returns
Instruments and Pricing
- Equity, quasi equity and loans;
- Minimum of R1 million and Maximum of R5 million per transaction;
- Minimum RBTIRR of 3% plus upside; and
Portfolio Targets
- At least 26% of the total fund in value should be invested in BEE companies;
- At least 25% of the total fund in value should be invested in companies with women and/or people with disabilities ownership; and
- At least 40% of the total fund in value should be invested outside of Gauteng, Western Cape and Kwa Zulu Natal.
IDC (Owner)
