Bertha Centre partners SAB Foundation to launch Student Seed Fund

South Africa’s Bertha Centre for Social Innovation and Entrepreneurship has announced its partnership with the SAB Foundation to launch the Student Seed Fund. The development will offer Cape Town student entrepreneurs the chance to access capital to scale their innovations.

According to the duo, the Student Seed Fund is open to all UCT, UCT GSB and RAA students and recent alumni, and entrepreneurs that have gone through UCT programmes such as the Impact Venture Incubation Programme.

In a bid to empower the youthful population, through the fund, the Bertha Centre and SAB Foundation will provide entrepreneurs with innovative ideas for tackling social or environmental problems in low-income communities with access to seed capital at the business model discovery, or pre-startup, phase, as well as the startup phase.

Press noted that test funding of up to ZAR20,000 (US$1,200) and seed funding of up to ZAR100,000 (US$6,000) will be made available.