The SA SME Fund and Endeavor SA have launched the Local Scale Up (LSU) programme to boost 'high-impact' entrepreneurs.
The SA SME Fund is partnering with entrepreneur incubator Endeavor SA to boost the growth of successful entrepreneurs both locally and internationally.
This will stimulate the South African economy and jobs market said fund chair Adrian Gore (Discovery CEO) at the launch of the Local Scale Up (LSU) programme on Thursday,
"Smart entrepreneurs know that cycles come and go, and that the best time to invest and build is when times are tough. When others are distracted and ambivalent, opportunities are underpriced."
The LSU programme is aimed at "high-impact" entrepreneurs.
Bruce Whitfield finds out more from Lisa Klein, board member of the SA SME Fund.
We want to accelerate their growth both locally and globally.
Lisa Klein, Board member – SA SME Fund
Part of the fund's mandate is to stimulate entrepreneurship and we've done so primarily through fund-to fund and investing over R1.2 billion in a …