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- Dear XXXX
- Exclusive Launch Invitation Breakfast: Venture Capital investment opportunity providing 100% tax deduction.
- It is our pleasure to invite you to the launch of a new Venture Capital technology fund named Grotech. We are launching a new fund which will focus exclusively on disruptive innovative technologies with global reach. Grotech aims to achieve an investment return of five times the risk capital invested with a targeted IRR in excess of 30% per annum.
- The fund has been structured so at to benefit from the Section 12 J tax benefit. Section 12 J of the Income Tax Act, affords investors the opportunity to obtain 100% deduction from their taxable income of the amount invested in the tax year ending 28th February, 2016. An investment made by a trust, a company or an individual tax payer is able to take advantage of this opportunity.
- We have assembled a board of directors, with well over 100 years combined experience with the appropriate resources, knowledge and relationships to source attractive deal flow and implement our strategy.
- There is a significant opportunity in South Africa for a venture capital fund to provide capital to the disruptive innovation, we are seeing in the ecosystem. Grotech aims to invest in and build a portfolio of high growth disruptive digital technology companies, with a buy, build and exit strategy.
- We believe by injecting capital and helping build these businesses, we will make a significant impact on the economy by creating jobs whilst enabling South African entrepreneurs to build and export their technology to Africa and abroad.
- We would like to invite you to a breakfast at the Standard Bank Incubator on the 22nd of January 2016, where the team can share with you more about this exciting opportunity.
- Please confirm your attendance and we look forward to hosting you...
- Kind Regards
- Clive, Craig and the GroTech Board
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