Substitute Resources of Finance for Uganda: Mara Launch Fund
One particular of the alternate sources of finance for Uganda is the Mara Launch fund. For numerous Ugandans, specially people beginning out in business with only a strategy, this is a excellent position to commence.
Fundamental facts
Concentrate on: Get started ups and early phase corporations
Sector aim: All
Quantities provided: UGX 5,000,000- UGX 10,000,000
Funding form: Venture capital
Usually means, relatively than offering a loan, the fund can take a % of shares in the company
Important criteria
- Model can be repeated throughout Africa
- Profitable business within 3-5 several years (exit period for fund)
- Robust management
More info
look for on the web for “Mara Launch Fund”
Tel: +256()414 233 700/800
Who is behind the fund?
- Ashish J. Thakkar CEO,Mara Group
- Alex Rezida, Partner at Nangwala, Rezida & Co. advocates and
- Peter Mukiza, Handling Partner in Uganda for Quantum capital.
What is the approach like?
1. Post business plan.The plan should contain data reliable with the important standards for the fund.
2. Introductory meeting. If the fund likes the plan, the investor will fulfill the fund group.
3. Due diligence.This indicates the fund “verifies” the facts introduced in the plan.
4. Term sheet. Doc spelling out the primary conditions and disorders.
My perspective/suggestions for accomplishment in accessing the funds for your business
1. Group:Venture capital funds like Mara know that a excellent staff will produce and apply the concept properly. If you have no internal ability, have a specialist be a part of you so that your plan consists of a solid staff.
2. Executive summary. Buyers are occupied people today and so your summary, typically 1 web page, really should have a person aim in thoughts: “Make them keen to convert the webpages”. In buy to do this, be certain that your executive summary captures vital features of the document such as the team, the amount of money expected, the method, the activities to date and other information and facts that supplies a “snapshot” of your strategy.
3. Repeatable model. The fund is searching for excellent business tips that will transform Africa. Can the business model be repeatable not only in Uganda but potentially Kenya, Rwanda, Tanzania?
4. Realize the fund and individuals behind it. A main component of a successful business relationship is no matter whether the two functions “join”. Traders are people today and they normally commit if they like the human being powering it.
In July, I fulfilled Nigel Ball, director of an affiliated entity. He is a very likeable, straight speaking specialist. I can hence hope that the relaxation of the group will be of this mother nature.
Or else, best of luck.
Disclaimer
Inachee is not an agent or connected to this entity, it is an impartial imagined leadership and advisory agency. The information and facts presented is based mostly on our research and expertise. Even though we have taken methods to ensure the accuracy of the details offered right here, there can be no warranty that it will keep on being accurate.
