While it has varied in frequency from year to year, load shedding has been a reality for South Africans for over a decade. As…
Founded in 2009, the Awethu Project has grown from a R60 000 startup to a company with hundreds of millions of Rands to invest in South African entrepreneurship.
Right now, the company is offering companies with the potential for high-growth the chance to apply for up to R5-million in equity funding.
Awethu is interested in entrepreneurs who have products that are in demand or offer excellent services, and can prove they have the ambition and tenacity to become world class. The cost of the investment is a negotiated equity stake which brings Awethu on board as the high impact partner you need. With over 100 successful entrepreneurs that have passed through Awethu’s doors, this venture capital fund has a proven track record of solid returns for investors, and high growth rates for entrepreneurs.
Here are three reasons you should apply for funding with the Awethu Project.
1. It’s not just about the funding
The Awethu Project doesn’t just invest money.
“We will not just give you a cheque and send you on your way,” says Awethu Project co-founder and CEO Randera Rees about the latest funding run available to entrepreneurs. “This is an opportunity for you to get operational support, providing you with a comprehensive finance back-office, admittance to the Awethu Academy for practical personal development, and access to our extensive business development networks”.
2. It’s got the right backing
The Awethu Project’s funding comes from the Government’s Jobs Fund and Discovery. It also has support from Archbishop Desmond Tutu, meaning that Awethu is well placed to support entrepreneurs who have ambition and talent, but lack entrepreneurship training and funding.
3. You can be any kind of business
Some entrepreneurial programmes and incubators only support specific kinds of business. Awethu doesn’t operate like that. “Whether you’re a spaza shop owner or a Black Industrialist, we have a programme designed for you” the company says on its website.
For more information on the Awethu Project visit its website.