• Corporation or Corporate Foundation

Volkswagen South Africa

Volkswagen of South Africa decided in 2016 to provide R86m initial funding for the development of Black-owned suppliers in the Automotive Sector in South Africa. The fund has laready invested almost a quarter of its investable funds in majority Black-owned businesses. The fund, although in its infancy, is the largest privately funded tranformation fund in the Automotive Sector in South Africa. Our main goals are to support the creation of black industrialists in the Automotive Sector through funding, support, and access.

  • Stages of Support

    • Idea
    • Start-up
    • Early
    • Growth
    • Mature

  • Investment Instruments

    • Quasi-Equity
    • Grant

  • Sectors of Focus

    • Environment
    • Transportation

  • Services

    • Conduct research on the sector to disseminate publicly (such as an entrepreneurship research report)
    • Host events for entrepreneurs or entrepreneur support intermediaries
    • Run an accelerator program
    • Invest into funds targeting SGBs or entrepreneurs

  • Nonfinancial Services

    • Capacity development services
    • Market linkages

  • Capacity development services

    • Access to networks and partners
    • Business strategy and planning
    • Value/supply chain development
    • Support on governance structure
    • Operations and technology development or adoption

  • Market linkages services

    • Access to new markets/customers
    • Meeting product standards
    • Access to infrastructure
    • Access to materials

  • Focus Tech

    • No

  • Focus Population

    • Youth entrepreneurs
    • Base of the pyramid population
    • Women entrepreneurs
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