Jannie Durand InVenFin Chairman and VenFin CEO commented: “We have established InVenFin to provide specialist funding and support to inventors at an early stage, to develop their IP and eventually succeed in corporatising it, which sets the platform to realise the long-term growth potential of the IP. As a venture capital fund, we will typically consider investment terms that concludes with the corporatisation of the IP. The investment risk is higher but so is the potential to earn commensurate returns.”
VenFin is the sole shareholder in InVenFin and has committed R50 million in seed capital as a start. It will consider investing more capital as the fund grows.
Joe Kieser Deputy Chairman commented “InVenFin operates where finance meets innovation meets intellectual capital. It is uniquely equipped with the right mixture of funding, skills, experience, processes and entrepreneurial spirit to realise the exciting prospect of supporting world renowned South African innovation and corporatising South African intellectual property that can compete globally.”
“InVenFin is interested in profitable opportunities that can succeed internationally, both the big and small ideas” comments InVenFin CEO Brett Commaille. “We are seeking unique and highly differentiated intellectual property that is protectable, fully validated, sustainable in use, scaleable and packageable for sale.”
The fund’s investment spectrum spans across product design, bio-tech, hi-tech and process design to telecoms, media and technology.
“It is our level of involvement and the partnership we bring to inventors that sets us apart. We are a team of dynamic entrepreneurs with a pragmatic, hands-on approach. Our appetite for risk is matched by the returns we seek and is backed up by our in-depth analysis and research. We have rich experience in IP, design, corporatisation and business development” Brett Commaille concluded.
