Calling all businesses seeking funding to attend the Western
Funding Fair offers opportunities for entrepreneurs
The Western Cape Department of Economic Development and Tourism (DEDAT) in partnership with Deloitte, confirms that the 2017 Western Cape Funding Fair will be held on 10 May 2017 at the Cape Town International Conference Centre (CTICC). Businesses and entrepreneurs seeking funding are invited to attend the event.
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.
With a shared vision of supporting economic growth in the Western Cape, DEDAT and Deloitte have developed 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 R12million in funding has been allocated by investors and a further R37million 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.
“The Western Cape Funding Fair is one of my favourite yearly events, I find it immensely satisfying to meet with so many passionate entrepreneurs and business owners,” says Marius Alberts, Deloitte Western Cape leader. “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”.
“The Western Cape Government and DEDAT recognises the power of growing enterprises in driving economic growth and job creation,” says the Western Cape Provincial Minister of Economic Opportunities, Alan Winde. “Through our dedicated programmes we are committed to helping businesses secure the funding they require to succeed.”
Minister Winde says 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 successful initiative, the Investment Readiness Programme, sees DEDAT working hand-in-hand with growing businesses and the private sector to prepare them for investment.
The 2017 Western Cape Funding Fair will be held on 10 May 2017 at the Cape Town International Conference Centre. Registration is free.
To register for and to find our more information about the Western Cape Funding Fair please visit: www.westerncapefundingfair.co.za.
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About Western Cape Funding Fair
The Western Cape Funding Fair is a partnership between the Department of Economic Development and Tourism and Deloitte, aimed at www.westerncapefundingfair.co.za