Venture Capital

The Venture Capital fund is an initiative that would primarily focus at financing the first two stages of development of new technology-based firms: that is the seed stage (which involves concept development, prototyping, and product development) and early stage (marketing, production of goods and/or services), with some investment in later stages. Venture Capital is considered to be funds invested in a venture at high risk to the investor, usually in situations where the venture is unable to secure the required funds from traditional lending sources, such as commercial loans from a bank, or the public equity market. Commercialization of new technologies that emerge from government funded R&D programmes, science councils, the academic research institutions, technology business incubators and private sector research facilities are the primary candidates for support by the Fund. the dti is co-investing in the South African Intellectual Property (SAIP) Fund to roll out this programme. Other investors in the SAIP Fund include, Sanlam Investment Management, the CSIR, University of Pretoria, Industrial Development Corporation (IDC) and Triumph Venture Capital as the Fund Manager. Contact details: CEO Triumph VCM Wellington Chadehumbe Tel: +27 (012) 349 2376 Fax: +27 (012) 349 2378 Email: wellingtonc@triumphvc.co.za For more information visit www.triumphvc.co.za