The Namibia Seed Capital Fund aims to mobilise donations to support viable and profitable entrepreneurs and startups in Namibia.
Why We Exist
Funding from angel investors and venture capital firms becomes available to startups only after the proof of concept has been provided. Similarly, banks provide loans only to asset-backed applicants. It is essential to provide seed funding to startups with an innovative idea to conduct proof of concept trials.
Our Vision
To inspire and give Africans the awareness to become producers, owners, investors, savers, and entrepreneurs.
Our Mission
To have more Africans in the Investor and Business Quadrants.
Our History
Eight (8) mining engineers decided to challenge the notion that adequate trust cannot amount amongst black people to collectively raise funds for any course they deemed worthy.
In March 2018, they started contributing NAD2,000pm in one of the members bank account (another trust pain point) to avoid delays related to not having a central bank account.
By December 2018, the eight (8) members had raised NAD160,000.
An assessment followed to understand why it was easy to rebuff the “notion” so frequently talked off and how the lessons can be used to pursue a similar approach but at a national and continental level.
The key point was found to be: Total Transparency.
