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Johannesburg-based Riversands Incubation Hub is to host its second FundEX event, inviting entrepreneurs to attend for funding advice and information on financing opportunities available.

Disrupt Africa reported in 2015 the Riversands Incubation Hub opened, running a three-year business accelerator programme, open to black-owned businesses only.  

Last year, the Hub announced the launch of a new initiative – the FundEX event; partnering the National Empowerment Fund (NEF) to host the event showcasing a wide spectrum of funders and investment providers to startups and entrepreneurs.

Riversands said over 500 entrepreneurs attended the inaugural event, prompting the return of the expo for a second year running.  The Hub hopes to expand the event to include more entrepreneurs than last year.

The one-day expo – to be held at Riversands Incubation Hub on August 17 – will highlight funding opportunities available from banks, government funders and alternative funding platforms; while entrepreneurs can also book a one-on-one consultation with a funding expert.

“Access to finance remains a major frustration and growth inhibitor for small business. Yet, there is funding available. This event aims to provide guidance for entrepreneurs on what finance is available, what funders are looking for and how to better prepare for funding,” said Jenny Retief, chief executive officer (CEO) of Riversands Incubation Hub.

“Despite the array of information online, speaking to a funder face-to-face is incredibly valuable. We are looking to extend the funders lounge in 2017 to accommodate more entrepreneurs.”

Tickets cost ZAR200 (US$15.4) and are available here.

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