Making Venture Capital More Inclusive in South Africa
Global Alliance Africa are delighted to present a report prepared by Briter Bridges who have also successfully delivered a stakeholder roundtable and follow-up discussions in order to collate information for this report.
Innovate UK KTN is pleased to present the report Making Venture Capital More Inclusive in South Africa, prepared by Briter Bridges, as part of the exciting and on-going work in Gauteng under the Place-Based Innovation (PBI) activities. PBI is an important part of the Global Alliance Africa project – a 6 year (2019 – 2025) UK Aid funded project which aims to build stronger local innovation ecosystems and enhanced UK-Africa collaborations that lead to self-sustaining economic growth in Kenya, Nigeria and South Africa by the potential of innovation to meet current and future socio-economic challenges.
Venture capital is an important instrument for financing for early stage businesses that are considered high risk. Unlike traditional forms of business financing, such as bank loans, venture capital is intended to be used for high risk investments. This is why it has been so effective in promoting financing for small businesses and startups in Africa that have typically been out of reach for traditional financial institutions. Briter Intelligence data finds that since 2015, more than 1700 startups in Africa have received $15bn in disclosed funding. The majority of this funding is equity from venture capital firms, corporates, impact funds, accelerators and incubators, and angel investors.
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About Global Alliance Africa
The Global Alliance Africa project is a six-year project funded by UK Aid through Innovate UK (GCRF) and the Foreign, Commonwealth and Development Office (FCDO).
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