Alternative source of funding for Uganda: Mara Startup Fund

One of Uganda's alternative sources of funding is the Mara Launch Fund. For many Ugandans, especially Ugandans who have only one concept to start operating, this is a good starting point.

Basic Information

aims: from

 Start-ups and early stage companies

Industry focusfrom

: all

Amount provided: from

UGX 5,000,000- UGX 10,000,000

Type of funding: from

 Venture capital

Means, rather than providing loans, the fund accounts for one percent of the company's shares.

Key standard

• Patterns can be repeated in Africa;


• Profitable business within 3 - 5 years [fund withdrawal period];


• Powerful management

more information

Search "Mara Launch Fund" online

Phone: +256 [0] 414 233 700/800

Who is behind the fund?

• Ashish J. Thakkar; CEO of Mara Group;


• Alex Rezida, Nangwala, Rezida & Co. Partner; and


• Peter Mukiza, Managing Partner, Quantum Capital, Uganda.

What is the process like?

1. Submit a business plan.from

The plan should include information that meets the key criteria of the fund.

2. Introduction meetingfrom

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

3. Due diligence.from

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

4. Terms and conditions listfrom

. The file spells out the basic terms and conditions.

My point of view / tips for getting your business funds successfully

1. Team:from

Venture capital funds like Mara know that a great team will successfully develop and implement this idea. If you don't have internal capabilities, let a professional join you so your plan includes a strong team.

2. Executive summaryfrom

. Investors are busy people, so your summary, usually a page, should have a goal: "Let them want to turn pages." To do this, make sure that your executive summary captures key aspects of the documentation, including the team, the amount required, the process, the activities to date, and other information that provides a "snapshot" of the concept.

3. A repeatable model. from

The fund is looking for a good business idea that can change Africa. Can the business model be repeated, not only in Uganda, but also in Kenya, Rwanda, Tanzania?

4. Understand the fund and the people behind it. from

The core part of a successful business relationship is whether the two parties are "connected." Investors are people, and if they like the people behind them, they usually invest.

In July, I met Nigel Bauer, the head of the affiliated entity. He is a very cute and outspoken professional. Therefore, I can expect other members of the team to have this nature.

Otherwise, I wish you good luck.

give up

Inachee is not an agent or associated with the entity, it is an independent thought leadership and consulting firm. The information provided is based on our research and experience. While we have taken steps to ensure the accuracy of the information presented herein, we cannot guarantee that it will be accurate.

---

Orignal From: Alternative source of funding for Uganda: Mara Startup Fund