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africa|cutting|engineering|projects|resources|sustainable|technology|operations

USAID and Savant unveil commercialisation-focused investment readiness initiative for engineering-based startups

15th December 2023

     

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Savant, at the forefront of pioneering technology commercialisation, is thrilled to unveil its green economy investment readiness programme in partnership with USAID Southern Africa Mobilizing Investment (USAID Mobilizing Investment)—a growth focused investment initiative aimed at fostering sustainable commercialisation in science and engineering-based businesses within the Southern Africa region.

Recognising the pressing challenges of the green economy on the continent, Savant's second edition of the investment readiness programme specifically targets post-revenue ventures built on deep-technology hardware with proven capabilities for scale and commercialisation, supported by a compelling proof of concept (partial prototype).

The green economy investment readiness programme is strategically crafted to serve as a robust launchpad for science and engineering founders, propelling their market presence, expanding networking capabilities, and expert masterclasses on securing essential capital for scaling operations. Startups in this programme will benefit from comprehensive support and resources, empowering them to commercialise their technology, engage investors allocating growth capital and gain privileged access to the region's most competitive founder ecosystems in deep-technology hardware.

Nick Allen, Managing Partner at Savant, shares his insights on the initiative, stating, "Drawing on our extensive experience in technology commercialisation and an expansive network of invaluable partners, Savant is uniquely positioned to navigate startups through market complexities. We aim to connect them with a broader audience and educate them on distribution channels and offer unparalleled guidance. We strongly encourage post-revenue science and engineering-based businesses to apply, as our goal is to drive measurable impact within South Africa's green economy together with USAID Mobilizing Investment."

Engineering-based founders solving for green economy challenges are encouraged to apply on www.savant.co.za/build-2024.

About USAID Mobilizing Investment:

USAID Mobilizing Investment uses a combination of technical assistance and catalytic grant funding to mobilize private sector investment into high-growth sectors, and to strengthen the skills, relationships, and information flows necessary to change market behaviour with the goal of creating a more dynamic and sustainable investment ecosystem.

For more information, please visit https://www.dai.com/our-work/projects/southern-africa-mobilizing-investment

About Savant:

Savant is a leading investment firm with a 20-year track-record of working with and investing in cutting- edge technology businesses. The firm is dedicated to supporting innovative companies and fostering growth in local industries while enabling global competitiveness.

For more information, please visit https://www.savant.co.za/build-2024

Edited by Creamer Media Reporter

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