Triumph Venture Capital's CEO Wellington Chadehumbe (left) and Chief Operating Officer, Michiel Smit (right) at the POWER Breakfast recently held at The Innovation Hub.

Partnership with venture capital firm supports high-tech entrepreneurs

A dynamic new South African venture capital firm, Triumph Venture Capital, has become the latest company to enter into a Knowledge Partnership with The Innovation Hub in support of innovators and entrepreneurs who are members of the Hub's INNOV8 high-tech community.

A specific focus of this partnership will be to assist entrepreneurially driven small and medium sized South African companies to develop and exploit their intellectual resources through the provision of venture capital financing.

Through its Know-How Network initiative, The Innovation Hub provides a unique "one-stop" facility for entrepreneurial and high-growth technology companies in South Africa, connecting them with an extensive range of essential business services and skills to be able to respond effectively to the particular challenges of their business and social environment. Members of the Know-How Network, who generously provide additional support to the efforts of innovators and entrepreneurs, are known as the Hub's Knowledge Partners.

Triumph CEO, Wellington Chadehumbe, told an audience at a POWER Breakfast event held at The Innovation Hub on 10 March that he believes that stimulating the development and commercialisation of high value products will strengthen South Africa's competitiveness. "Growth through innovation will benefit South Africans to a far greater extent than exploiting its natural resources," he said.

Wellington firmly believes that investing in high-risk knowledge-intensive companies can generate competitive returns, and that this should be done by investing in a combination of both established medium-sized companies as well as in start-up ventures.

The Innovation Hub strongly endorses this entrepreneurial vision, is particularly important in today's knowledge economy, where the most valuable assets are often ideas and intangible concepts, as well as Triumph Venture Capital's mission to facilitate sustainable and innovation-driven growth by investing financial and human capital in South African businesses with international expansion potential.

In terms of their partnership with the Hub, Triumph Venture Capital will provide free advice and consultations to members of the Hub's high-tech INNOV8 community. This service is being provided without obligation, by a member of Triumph's professional and experienced team who will be resident at the Hub on the first Tuesday morning of every month between 08:00 and 12:00. The first session will take place on Tuesday, 06 April.

If you are already a member of the INNOV8 community and wish to take advantage of this opportunity to discuss your financing options or business ideas, or simply for a view on your options, please book a slot through Hub receptionist Gladys Kekana on (012) 349 0300.

If you are not yet part of The Innovation Hub's INNOV8 community, but would like to benefit from such value-adding opportunities or participate in business networking and other events, please e-mail us or visit Value-Added Services for further information.

To find out more about Triumph Venture Capital contact Michiel Smit on
+27 12 349 2376.

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