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New partnership to enhance investment readiness for start-ups, SMEs initiated

New partnership to enhance investment readiness for start-ups, SMEs initiated

Business Financial Solutions and Germany-based GreenTec Capital Partners announced that they have entered into a strategic partnership to strengthen capacity building, investment readiness, and fund-raising assistance to local start-ups and SMEs.

The newly formed partnership comes as Germany plans to invest about N$2 billion in Namibia over the next 2 years.

By applying a unique Venture Building model, the partners aim to tackle the maturity, infrastructure, and funding gaps that young SMEs and start-ups are facing in Namibia, while at the same time de-risking them for investors by applying their support and expertise.

Jointly, Business Financial Solutions and GreenTec will support high potential local start-ups and SMEs in their growth from the proof-of-concept stage to market fit and sustainability by providing customised operational support, company formation and building, investment readiness, and go-to-market strategies and execution.

In this context, the partners are launching a Call for Applications addressed to entrepreneurs that are interested in receiving support through the venture building model – check for more details as well as the application form.

Ventures will be selected based on their impact, the value they can add, and their economic sustainability.

Caption: Ringing in the new partnership on the occasion of Germany’s Minister for Economic Cooperation and Development, Dr. Gerd Müller (left), visit to Namibia: Christina von Doderer, BFS (middle) and Thomas Festerling, GreenTec Capital Partners (right).


About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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