|Size of the Fund
||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.
||Applications will be considered where the project shows profitability and sustainable commercial viability.
- 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.
- 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