Local venture builder and business incubator Aions Creative Technology has unveiled the first three start-ups that it will be funding through its unique funding model, which will include investments from South African corporates and members of the public alike.
Aions was launched earlier this year by Mitchan Adams, the co-founder of booming instant EFT and online payments fintech Ozow, with R15 million of his own money as seed capital. The company aims to use B-BBEE funding from local businesses to rapidly build local start-ups into scaleable, sustainable businesses that will grow exponentially in value.
The first three incubator companies that Aions will be funding are: Level Finance, Green Scooter and Tubby’s Kitchen.
Mitch believes that by identifying and investing in sound and innovative start-ups which can then scale and grow aggressively to be sustainable, the incubator companies can create permanent and valuable jobs. This addresses the challenge of local economic development and growth.