| Size of the Fund |
R400m |
| Geographical Spread |
Nationally |
| Financing Period |
On average a period between 3 to 7 years, but with no defined investment period. There should be clear indications of a proposed exit strategy within a reasonable timeframe. |
| Minimum and Maximum |
The Venture Fund will consider 1st round funding up to a maximum of R10 million with a focus on deals between R0.5 million to R3 million. |
| Own contribution requirements |
The financial risk, business risk, industry risk and environmental risk will influence the own contribution requirements of the business venture. |
| Entrepreneur – Relevant experience |
In evaluating the entrepreneur, aspects such the ability to run a successful business on sound business principles, integrity, drive, vision and appropriate experience, are considered. |
| Viability |
Applications will be considered where the project shows profitability and sustainable commercial viability. |
| Application documents |
- Business plan
- Annual financial statements
- Up to date management accounts
- Cash flow forecast
- CV of entrepreneur/s
|
| Business that qualify for the fund |
Seek investment in businesses that have the potential for innovation, high growth and job creation. |
| Exclusions |
- These transactions will typically exclude:
- Property transactions
- Lifestyle businesses
- Low return investments
- Seed capital
- Lack of technical viability
- Research and development
|
| Purpose of the funding |
- Taking the product or service to market
- Taking up higher risk funding in early-stage and high-impact projects after the research and development phase
- Expansion capital
|
Business Partners (Owner)
