A new report set out to explore the reasons for the lack of early-stage VC in South Africa and to provide some proposals for its development. A number of proposals are made that could be used to help accelerate early stage VC funding.
First, the survey participants concurred that VC is a critical mechanism in support of innovation and economic growth. It was established, however, that although South Africa has a later stage VC market and a well-developed PE market, there are very few early-stage VC funds available, whether private or government funded. This presents a problem for entrepreneurs seeking capital at the early-stage as they are faced with a limited set of funding options.
To read the full, original article click on this link: 5 ways to grow the amount of early stage VC funding in South Africa | ventureburn
