SCOTLAND could become top of the pops if plans for the world’s first sustainable soft drink bear fruit. It is hoped the project can also put the fizz back into Dunoon which was once home to a thriving soft drinks industry. From the late 1800s right through to the 1970s, the town was sparkling with the energy of the trade until it was hit by the rise of the supermarkets. Now it is the scene of what is hoped will be a soda revival after a new creative partnership secured funding to launch a soft drink brand called Dunoon Goes Pop.
Jan 28, 2021
Having deployed most of its first R250-million Section 12J Venture Capital Fund: KNF Ventures, Knife Capital has launched another 12J fund for new investors to participate in this growing and exciting alternative asset class.
KNF Ventures II is the second Section 12J Venture Capital Company launched by Knife Capital. It has the same investment mandate as Fund I and will continue to build on the success and momentum created.
By leveraging Knowledge, Networks & Funding, KNF accelerates the growth of South African innovation-driven SMEs to generate enhanced returns for entrepreneurial-minded investors.
The Section 12J venture capital company (VCC) regime was established to facilitate equity investment into higher-risk SMEs, thereby fuelling innovation, job creation and economic growth. Qualifying Investors can compensate for risk and enhance their return on investment by claiming amounts incurred on acquiring VCC shares as a deduction from taxable income.