BP Venture Fund

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Organisation: Business Partners

Small businesses are important innovators, continually bringing new products to the market. Yet, there is very little support and limited access to finance for small and medium entrepreneurs.

Business Partners recognises the potential benefit that innovative and high risk growth enterprises can bring to the country. It is for this reason that we have chosen to launch the Business Partners Limited Venture Fund, a fund aimed at financing high impact entrepreneurs.

Benefits:

  • Mentorship
  • Venture Funding

Qualifying Businesses:

  • The financing of a new product / concept or taking a new initiative to market
  • Financing of a business where job creation is substantial and will create substantial jobs due to this finance
  • Albeit more risky, Business Partners may invest in transactions where blue sky potential exists
  • A well-structured BEE transaction where wealth creation and possibly transfer of skills exists
  • A financial transaction to take an existing business to the next level, resulting in a significant increase in activities
  • Financing of businesses that will result in import replacement
  • Financing of businesses to introduce or increase exports
  • The financing of high technological projects
  • Transactions where transfer of skills are facilitated in particular to previously disadvantaged entrepreneurs
  • 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.
  • 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.

Exclusion:

  • Property transactions
  • Lifestyle businesses
  • Low return investments
  • Seed capital
  • Lack of technical viability
  • Research and development

Documentation for Application:

  • Business plan
  • Annual Financial Statements
  • Up to date management accounts
  • Cash flow forecasts
  • CV of entrepreneur/s*
*www.businesspartners.co.za
Office – All 9 Provinces
Application Process – Physical and Email Submission

Contact Details

Website: http://www.businesspartners.co.za
Telephone: 011 713 6600
Email: enquiries@businesspartners.co.za
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