IQ-EQ has added a new participant to its Launchpad programme: Impact Fund for African Creatives (IFFAC). The first of its kind, IFFAC is an impact investor focused on identifying and supporting top creative talent in Africa.
IFFAC’s mission is to empower the creative sector of Africa through structuring, facilitating and enabling entities in the creative sector to access capital, resources and international marketing avenues with profitability and integrity. Their three-pronged strategy for achieving impact and ROI includes an incubator programme and grant funding to drive the success of new business ideas and concepts; an accelerator and venture capital fund to facilitate the creation of new products or services; and a growth, development and infrastructure fund designed to provide follow-on growth financing to mature ventures.