Alternative source of funding for Uganda: TBL Mirror Fund

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I am not an agent or related to this entity. Based on my research and experience, the information provided below is independent. Although I have taken steps to ensure the accuracy of the information provided here, there is no guarantee that it will remain accurate.

Basic Information

Target customers of the fund: from

"Start-ups" or "early to medium-term" companies.

Industry focus: from

Small and medium-sized enterprises [SMEs] in a variety of industries, focusing on IT/Telecom, healthcare and consumer products.

Amount provided: from

 250,000 euros to 3 million euros.

Type of funding: from

 Venture capital from

[means, rather than providing loans, the fund accounts for % of the target company]

Key criteria:

• It is likely to be the top player in the field;


• Profit in a large/increasing market of 5-7 years old [fund withdrawal period];


• Skilled and loyal entrepreneurs supported by strong management;


• Comply with ethical standards and have good environmental policies and working conditions;


• Will allow the board of directors of the fund and their participation in management.

more information:

Search for fund information online or call: +254[0]20 2019374

Who is behind the fund?

Private investors and development finance institutions are mainly located in Europe. The fund is managed by TBL Invest LTD in Nairobi and has a representative office in Uganda.

What is the application process like?

1. Submit a business plan.from

Make sure it meets their key criteria;

2. Introduction meetingfrom

. If the fund likes the plan, investors will see the fund team;

3. Terms and conditions listfrom

. a document listing the basic terms and conditions; and

4. Due diligence.from

This means that the fund "verifies" the information provided in the plan.

What are my thoughts/suggestions on the success of visiting the capital?

1. Team:from

Venture capital funds like TBL support "business late" and have a good track record. Their key indicator is an experienced and excellent team. If you don't have internal capacity, let a professional join.

2. Destructive strategyfrom

. They are looking for companies that can quickly become the first or second in their respective fields. This means developing a strategy that directly engages existing market leaders. The plan needs to clearly show how this can be achieved.

3. Moral model. from

Some of the fund's main supporters are in the Netherlands, which is the norm. Your plan should reflect these principles.

Although I have provided the above tips, you should be aware that some basic key information applies to all applications. This includes aspects such as planning, including executive summaries, no errors, easy-to-read formats, and more.

Otherwise, I wish you good luck.

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