Frequently Asked Questions

The application window is open from 18th November 2024 until the 31st January 2025.
No, this is equity funding for which MIC will receive a share in your business.
No, this is equity funding and a direct investment in your business. This means in exchange for the amount we provide to you which will be used to grow the business, we will receive a share of your business.
This will be at the discretion of the committee and the maximum funding available is R30m.
No. The funding is ringfenced to post revenue businesses with validated products.
Should you not meet the initial shortlist you will be informed by the 05 February 2025.
The application window closes on 31 January 2025. Subsequent to which we will take 4 weeks to shortlist the finalists, at this stage the unsuccesful applicants will be informed. The IAAE team will then help the finalists over a period of 2 weeks to prepare a pitch Deck which will be provided to the assessment team for a further round of assessments.
We will consider this business provided you have proven your ability to win at least one customer and there is potential alignment with any investment in our existing portfolio as well as the business being highly scalable from MIC's perspective.
The 3rd parties referenced in this example include financial institutions, foundations, competitions.
  • Innovation and scalability
  • Team Experience/Knowledge/Qualifications (note this refers to the individual team members in and outside of the business on whose behalf the application is being completed)
  • Easy ability for business to leverage MIC's existing core portfolio
  • Our current mechanisms for assistance are relevant to the business
  • Strong financial governance and acumen
Company location refers to the official address of the head office.
This means what is the total revenue that your company earns in one year.
This question looks beyond when your company registration occurred and is asking when the company started making money.
  • Fast food franchises
  • Seed stage investments
  • Primary agriculture
  • Businesses that are historically dependent on grants
MIC Khulisani Ventures is a product of Mineworkers Investment Company (MIC), a 100% black owned broad-based investment holding company that was established by the Mineworkers Investment Trust (MIT) to provide ongoing funding for the Trust’s social and educational projects. With a foundation cemented in South African soil since 1995, MIC invests in companies of all sizes and across various sectors, including financial services, health, leisure, business services, industrials and media.
Yes. Receiving an investment from MIC Khulisanii Ventures does not hinder the participation of other potential investors.
Full due diligence will be concluded by the 31st March 2025 and the investment will be paid out soon after that.
No. Funding will be based on the needs of the business.
No. Management control and day to day running of the business remains the responsibility of the directors.

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