3. Strengthening and De-risking businesses in the seed sector: ASIF invested in businesses that would have otherwise not attracted capital from conventional lenders. The risk profile of these investee companies was high given that: a. Eight( 8) were early stage / start-up business b. Four( 4) were in the growth stage, though early stage in many aspects c. One( 1) was a turn around situation
The investment made by ASIF, would have otherwise not been made by the existing and conventional financing tools available. The outcomes of this intervention should be viewed from: a. Follow on capital catalysed of US $ 7,369,659 as a result of ASIF having made an investment in these companies b. Revenue generated by investee companies c. Employment footprint i. Direct employment from seed companies ii. Out grower engagement to multiply seed – who in turn increase employment opportunities for their communities d. The strengthened institutional capacity of seed companies to cope with and manage growth
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