IDC may raise venture capital allocation beyond R1bn as take-up exceeds expectations
July 3, 2013 Editor 0
Interest in the Industrial Development Corporation’s (IDC’s) venture capital funding has exceeded initial expectations, with R600-million of a total allocation of R750-million having already been committed. Preparations are, therefore, being made to possibly double the size of the development finance institution’s venture capital allocation.
Venture capital providers typically extend seed capital for the research, evaluation and development of a concept or start-up or early-stage funding for new companies.
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