Funding Fair offers opportunities for entrepreneurs

Cape Town - Businesses and entrepreneurs seeking funding are invited to attend the 2017 Western Cape Funding Fair on 10 May 2017 at the Cape Town International Convention Centre (CTICC).

The fair is presented by the Western Cape Department of Economic Development and Tourism (DEDAT) in partnership with Deloitte.

Now in its third year, the Funding Fair is aimed at creating awareness of, and access to, multiple funding and business support organisations.
Further, through its curated speaker programme and master classes, the Funding Fair aims to equip those looking to grow their businesses with the necessary know-how to prepare for successful fundraising. It creates an exhibition and conference-style platform where businesses and funders have the opportunity to connect.

Over 15 funders have already registered their interest in exhibiting at this year’s event.
 
Since 2015 the Funding Fair has attracted over 1 800 businesses seeking funding. During this time, in excess of R12m in funding has been allocated by investors and a further R37m in value of deals pending. The rate of deal flow which takes place at the Funding Fair is higher than normal at five in 20 versus the general industry standard of one in 10 businesses being funded.

“Given the slight upturn in our economy and evolving funding landscape, this year we anticipate an increased level of interest from funders seeking to potentially back those businesses they believe will succeed,” said Marius Alberts, Deloitte Western Cape leader.

Western Cape Provincial Minister of Economic Opportunities Alan Winde added that the Western Cape Funding Fair is one of several key initiatives that DEDAT has put in place to bolster businesses in the Western Cape. Another initiative, the Investment Readiness Programme, sees DEDAT working hand-in-hand with growing businesses and the private sector to prepare them for investment.
 
Registration for the Funding Fair is free. To register and to find our more visit this website.

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