Making Venture Capital More Inclusive in South Africa

Posted on: 02/03/2023
people discussing around a table

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.

Background

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.

Abstract

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. 

Watch a promotional video here

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).

Follow us for more project updates

Twitter @KTN_Global

Instagram @WeAreGlobalAlliance

Webpage ktn-uk.org/programme/africa

Share this article

Close

Connect with Innovate UK Business Connect

Join Innovate UK Business Connect's mailing list to receive updates on funding opportunities, events and to access Innovate UK Business Connect's deep expertise. Please check your email to confirm your subscription and select your area(s) of interest.