Named 'Emergentes', the initiative aims to guide and help small and medium-sized companies with high potential, in various stages of growth, "to improve governance and management practices, to mature their products and services, in order to enable them to them to issue financial instruments on the capital market", explains the commission, in a statement.
"This initiative is part of actions to promote the capital market, allowing the Angolan economy to have more and more diversified financing options (crowdfunding and venture capital), boosting sustainable growth", adds the CMC.
The program will last three years and will include seven phases: launch of the program and application period, evaluation and selection of companies for the program, mentoring process, roadshow to potential investors, funding, investment and governance and, finally, admission to the alternative segment of the scholarship.
The note also notes that "when there is a need to train companies to guarantee training actions in order to ensure a better performance in the process of entering the capital market", the initiative counts on the intervention of partners who will give a "best response to potential needs for mentoring, financial advice and financing and/or investment services".
The list of partners, according to the statement, includes Ernst&Young Angola, Academia do Empreendedor de Luanda, Acelera Angola, Deloitte Angola and the Founder Institute Luanda.
Speaking at the launch ceremony, the president of CMC, Maria Baptista, considered that "start-ups and micro, small and medium-sized companies have many difficulties in accessing sources of financing", for what they consider "two essential reasons: first, the stock market is very demanding for the level of preparation of these companies and the interest rates and bank credits are very high for such short cash flows".
For this reason, the official indicated that the 'Emergentes' project "comes to respond to the need to diversify funding sources at different stages of development, especially in the context in which companies face numerous difficulties in raising funds to finance their activities".