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South African Intellectual Property Fund | Investment Criteria
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Technology Focus: The Fund makes long-term (3- to 7-year) equity investments in start-up, early-stage and expansion-stage South African technology companies that have significant growth potential and are run by experienced entrepreneurs.
Broad Technology Definition: The Fund's mandate defines technology broadly to include any invention or innovation, patented or otherwise, that leads to differentiated products and/or corporate productivity growth.
Size of Investment: The size of the Fund's investments ranges from R3 million to 15% of the size of the Fund at any one time.
Co-investment Policy: The Fund prefers to be the lead investor in its investments. It contributes not more than 50% of the capital required per investment. In exceptional cases, the Fund may invest 75% of the capital required for a seed or start-up investment.
Contribution to Empowerment: The Fund actively promotes BEE involvement at shareholder, director and operational level in all its portfolio companies over the life of its investment. |
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