Green Fund CICSA Investment Bootcamps

Are you a green start-up with an innovative “climate change” solution? Do you require between R50,000 – R1 million investment capital to set up or scale your green venture? The Green Fund, the Climate Innovation Centre South Africa (CICSA) and the Innovation Hub (TIH) have set up Investment Bootcamps to help get you investment ready, and support you in accessing this capital.

We are looking to scale commercially viable, early stage clean technology solutions, such as micro-solar grids to the poor, biofuels solutions, waste beneficiation, green technologies and energy efficiency innovations.

If this sounds like your business, apply for one of the four Green Fund CICSA Investment Bootcamps to be held in Pretoria, Cape Town, Durban and East London.

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The CICSA (Climate Change Innovation Centre – South Africa) is a strategic Green Economy initiative of the Innovation Hub established, as a franchise of InfoDev, to achieve sustainable growth and sustainable job creation which aligns to the overall strategic goal of the Gauteng Green Economy Strategy.

The CICSA currently incubates a number of companies as part of the CICSA-DBSA Green Fund Project nationally, and we are calling for all CICSA-DBSA incubated companies, current and previous, as well as companies that are aligned with the criteria of the Green Fund to apply for the Investment Bootcamps.

Bootcamp Details

Four Bootcamps will be run between April and August 2016 in four cities in three provinces. Each Bootcamp is held over three days. The Bootcamps programme is designed for entrepreneurs and businesses that are at proof of concept stage or have been demonstrated in a small scale pilot. The Bootcamps will cover:

Cracking your business model – what, how and why you do what you do
Defining your impact – social, environmental and BEE strategy
Your justifiable funding ask – How much, to do what, in what timing, and does it make sense
Communicating your value proposition and pitching your business

This is a rare opportunity for innovative businesses to be taught by leading experts on how to build a case for investment, and access the funding to make it happen.

Post Bootcamp mentoring and access to capital

The best ventures selected from the Bootcamps will be additionally supported with:

One month post-Bootcamp mentoring to prepare your funding application
Accessing start-up capital from CICSA and DBSA of between R50,000 and R1 million

Eligibility

We are seeking scalable green businesses, which have a positive social and/or environmental impact.

These businesses must be:

an innovation or knowledge based business which clearly shows a positive improvement in climate adaption and/or mitigation. The green business could be in ICT, Biotechnology, the broad green economy or industrials;
beyond idea phase, preferably at proof of concept or have been demonstrated at small scale pilot;
a duly registered entity or intend to register one in the near future.

Selection

The selection process will function as follows:


Twelve of the best green ventures from four nationally held Bootcamps will be selected for virtual mentorship.
Selection / Investment criteria include but are not limited to:
  • Job creation, demonstrable potential to result in the creation of good quality jobs.
  • Proof of concept demonstrated, or proof of concept will be demonstrated with funding provided.
    • Economic growth and national benefit: the extent to which the business will contribute to economic growth and socio-economic / environmental development in South Africa.
      • Commercial potential: Market appetite or sufficient evidence of market potential.
        • Defendable and demonstrable competitive advantage and/or intellectual property position and potential, and
          • Project team profile: the team’s ability to successfully implement the project.

          Key Bootcamp Dates

          The four Bootcamps will occur nationally at the following dates:

          Pretoria – 6th, 7th, and 8th April, 2016 (application deadline Monday 4th April)
          Cape Town – 9th, 10th, and 11th May, 2016 (application deadline Monday 2nd May)
          East London – 23rd, 24th and 25th May, 2016 (application deadline Monday 16th May)
          Pretoria – 5th, 6th and 7th July (application deadline Monday 20 June)

          Location

          Kindly indicate your preferred locations (first and second choice) to attend the Bootcamp on the application form.

          Please note that if you apply to a specific location on an unconfirmed date, we will communicate the final dates to you in due course.

          Costs

          There is no cost to entrepreneurs for the Investment Bootcamps. The costs are covered by the Climate Innovation Centre South Africa, The Innovation Hub and the Green Fund.


          Apply

          The form must be completed and submitted at one time. Application forms must be submitted within 7 working days prior to the proposed Bootcamp date.

          Apply here