US$ 1-Billion Indigenous Innovation Fund

A US$ 1-Billion Indigenous Innovation Fund – Ingenium – has been created by IFNASA to drive a socio economic plan 2030. The goal is to enable South Africa’s indigenous businesses to partake in rising opportunity spaces for investment in Africa.

The Ingenium Fund brings together a cross-disciplinary team of specialists in indigenous finance, executive education, design innovation and policy specialists within IFNASA, Beyond Now Capital, The Khoeporation Indigenous Business Council and Creation iLab, the African Innovation Institute for the Future.  

Says Anthony Williams – Executive Director of IFNASA: We exercised our right to self determination and responded to the call by the United Nations for indigenous leaders, representing the global majority – to propose innovative solutions linked to traditional ways and cultural practices.  The fund is linked to a 10 year socio-economic plan based on a preferable future; underpinned by principles of indigenous wisdom whereby technology and human creativity work together to develop an economic society. 

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