WCape intros online guide to start-up investor landscape
The Western Cape’s Department of Economic Development and Tourism (DEDAT) has introduced a short online course to assist start-ups and potential investors to better understand the risks and rewards of early-stage investing.
Even though the Western Cape is regarded as a key hub in the tech entrepreneur community, lack of early-stage funding is consistently raised as an issue that is stifling start-up growth, DEDAT says.
As a result, the department decided to launch the free online course as an effort to support the sector by assisting interested investors with tools and advice while helping them to discover tech-sector investment opportunities.
Dubbed the “Introduction to Early-stage Investing”, the course comprises seven video modules, to give viewers insights into the early-stage investment landscape, along with the investment options available to them.
The modules are complemented by interviews with 20 industry experts from across the start-up and investment ecosystem, including venture capital firms, impact investing funds and start-up accelerators.
According to a statement, course participants will explore topics such as sourcing, assessing and making an investment, and learn about regulatory issues affecting investors in South Africa.
“The course covers the basics of early-stage investing from individual angel deals to Section 12J funds. It’s a primer for those interested in playing a part in the innovative start-up space; adventurous investors looking to make high-risk, high-reward investments; and experienced entrepreneurs who would like to share their expertise.
“It is also vital viewing for start-ups and business owners to help them understand how various early-stage investment vehicles work and what they can expect from investors.”
Economic development and tourism MEC David Maynier indicates he and Jo-Ann Johnston, DEDAT deputy director-general, signed a pledge of support for the early stage investment community
“This course forms part of our larger programme to support the growth of the Western Cape tech sector and position the province as a leading digital hub. Encouraging early-stage funders will help grow the number of start-ups in the province who will in turn contribute to growing the economy and creating jobs, especially for young people, in the Western Cape.
“I encourage any potential start-up investor to take part in the course, make the most of this opportunity and consider investing in the vibrant digital economy that is in the Western Cape.”
To register for the course, click here.