Hasso Plattner Fund

In February, 2008, SAP co-founder Hasso Plattner launched a new issue of the Hasso Plattner Ventures Africa fund. The fund has a volume of 350 million rand (31 million euros) and supports South African start-ups as they bring their products to the global technology market. Ferrostaal is one of the fund financers.

The fund makes financial assistance available to enterprises who demonstrate an innovative business model. It focuses on activities in South Africa and plans to include neighbouring countries in its scope. Core areas of interest for investments are telecommunication and renewables in their early stages of development.

Hasso Plattner Ventures Africa intends to identify enterprises that have the potential to be successful on an international scale. Through their investors, these enterprises will then gain access to a network of leading companies, venture capital firms and institutions from the technology sector.

For more information please visit: www.hp-ventures.co.za/