Exploring Deeptech, VCs & Talent Retention in Africa with Thaheer Mullins

The Evolution of Savant’s Investment Strategy: From Incubator to VC Firm

Savant Venture Fund 1, South Africa’s primary deep-tech, science & engineering venture fund, has evolved its investment strategy over the years. Founded in 2004 by Nick Allen and Kate Turner, who have backgrounds in civil engineering and bioscience, respectively, Savant initially focused on supporting businesses in life sciences. However, they soon expanded their scope to include engineering and industrial sectors, aligning with their core skills in science and engineering. The shift towards deep tech investments became evident when they launched their fund four to five years ago, transitioning from an incubator to a venture capital firm. This evolution has been influenced by the increasing integration of software and hardware and the expanding role of technology in their portfolio. Savant now aims to support innovations by providing the foundational elements that empower future software developments.