The “Emergentes” program aimed at supporting Startups, small and medium-sized companies (SMEs) and with high growth potential in the market, created by Committee on Capital Markets (CMC), received a total of 80 complete applications in a universe of more than 130.
According to the official document released by the magazine Economy & Market, the innovative program received a total of 134 candidacies, in all the provinces of the country, highlighting four, namely Luanda with 75% of candidacies, Benguela with 7%, Huíla with 4% and Namibe with 4% of candidacies.
Still on the note, highlight that a total of 80 complete applications and 54 incomplete applications were received. Since, the applications are from entities of at least 10 sectors of activity.
BUT: CMC launches support program for startups, small and medium-sized companies
To inform that the “Emergentes” program is intended to support small, medium-sized companies (SMEs) and startups, with high potential in different stages of growth, as well as to improve governance and management practices, maturation of their products and services, in order to enable them to issue financial instruments in the capital market.
For the sub-director of CMC's Development Office, Juceline Paquete, the program falls within the scope of this institution's mission of regulating, inspecting, supervising and promoting the capital market in Angola. Lasting for three years, he added, the initiative also takes place within the framework of actions to promote the capital market, allowing the Angolan economy to have more and diversified financing options (crowdfunding and venture capital), boosting sustainable growth.
For the maturation of the companies, according to the person in charge, the program obeys seven phases, which begin with the application period, evaluation and selection of companies, mentoring process, carrying out the roadshow to potential investors, attracting financing, investment and governance and the admission to the alternative segment of the Exchange.
