Hasso Plattner (ex-SAP CEO) Ventures launches $45mm VC fund in South Africa

I’ve mentioned Hasso Plattner a number of times in my blog. He is the colorful co-founder and former CEO of SAP AG. He is also the father of SAP’s client-server 3-tiered product called R/3.This week Hasso Plattner launch HP Ventures Africa (Hasso Plattner — not to be confused with Hewlett Packard) in Cape Town, South Africa. Vendorprisey mentioned it in his blog. HPV is also active in Europe. Jeff Nolan used to work for SAP Ventures and he had blogged about his first meeting with Hasso Plattner.I quote from this week’s BusinessWeek article:

Hasso Plattner Ventures Africa will be targeted mainly at companies in telecom, mobile applications, media, software, renewable energy, and energy-saving technologies.

and from the SAgoodnews.co.za website:

A new R350 million venture capital fund has been launched to give innovators in South Africa a leg up into the global technology arena.The Hasso Plattner Ventures Africa, named after the co-founder of software giant SAP, aims to invest in and manage a portfolio of investments that have a unique innovative offering either based on the business model, product offering or underlying technology.Focusing predominantly on activities in South Africa and later in other emerging African markets, the technology investments will concentrate on telecommunications, mobile applications, media and software as well as clean technology investments such as renewable energy, energy-saving concepts and similar business segments in early stages of their development.Hasso Plattner Ventures Africa aims to identify companies that have the potential to succeed on an international level and will provide access to an international network of leading companies, venture capital firms and institutions in the technology arena, according to Andrea Böhmert, who is going to head the fund.”In the past SA technology companies have found it almost impossible to get funding from international groups outside of South Africa,” said Böhmert.“All start up businesses know, that it is extremely important not only to get investment funding but also assistance in accessing global markets. This is where our fund can score. Prof. Plattner and co-funders MAN Ferrostaal will be able to `open doors´ for start ups that would never be accessible otherwise across the IT industry as well as in the industrial solutions sector.”

C|Net talks about the fund’s Green focus.And finally you can click here, to submit a proposal to the Hasso Plattner Ventures Africa Fund. Good luck!