Project developers should consider venture capital for funding – NEF, Engineeringnews.co.za – Engineering News
Project developers should consider venture capital for funding – NEF, Engineeringnews.co.za – Engineering News
Venture capital (VC) presents an attractive value proposition for funding the development of green economy projects and, coupled with entrepreneurship at grassroot economic level, has unlimited potential to create financial inclusivity, National Empowerment Fund (NEF) senior investment associate Mduduzi Dlamini said on Wednesday.
Speaking at Sustainability Week’s Sustainable Energy seminar, in Pretoria, he noted that, depending on a project’s degree of development, VC was often a more favourable funding source than debt, as venture capitalists offered “patient capital”, were less risk-averse than other funders and were more likely to adopt a longer-term exit strategy.
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