A new scale-up accelerator is being launched for technology businesses in South Africa by Cape Town-based fund manager Knife Capital.
Grindstone claims to be the first of its kind in South Africa and will focus on strengthening the management skills and support structures of chief executive officers (CEOs) to make their businesses more viable and increase their investment potential.
Networking and attracting external investment through contacts of Knife Capital will also be a key part of the programme.
Keet van Zyl, director of Knife Capital, said: “We are looking for businesses that are already doing things differently, we’re looking for disruptive innovators, we’re looking for the entrepreneurial spirit – this is the DNA of businesses we usually invest in.”
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