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
6