Enterprise Development in South Africa

Ease the Stress of Enterprise Development in South Africa through the Assistance of Our Incubator Professionals

Enterprise development in South Africa is critical for economic growth and the development of people and we provide a technology and business incubator for this purpose.  We stimulate, grow and launch technology-rich, early-stage businesses through our world-class incubation process as well as our business support resources and services and our network of expert coaching and incubation professionals.  We regard it as very important to incubate...

• previously disadvantaged groups,
• Information Technology graduates and
• young professionals

...and give them entrepreneurship as an alternative to traditional types of employment.

Our Contribution to Industry

Our contribution to enterprise development in South Africa is to:

• enhance profitability,
• enhance growth,
• offer technology and
• offer management support

This is aimed at the South African ICT SMMEs (small, medium and micro enterprises) and we are geared to assist early movers in maximising the value of their ideas.  All the businesses within the incubator obviously fall within different stages of being built and some of these stages may be:

• the concept phase (where the first-cut assessment of the strategic environment is made)
• the development phase (where go-to-market and feasibility strategies are explored)
• the commercial phase (the final phase where the focus is on growing the breadth and depth of the venture and where profitable market opportunities are exploited)

Assembling the Building Blocks

Successful enterprise development in South Africa is dependent on the assembling and construction of several building blocks and this may take time.  It is important that some critical business development areas are addressed and we assist the small enterprise to build their “puzzle” by ensuring that the following areas get the requisite time and attention:

• Market: It is important to understand the market and all its facets, as well as the design and implementation of strategies that will fully exploit the potential of the service or product in question.
• Business: The potential of the business venture to make a profit has to be analysed, as well as the development of business strategies and plans to ensure that the desired profitability goals are reached (strategies to access growth strategies and business funding would also fall under this heading).
• Operational: This entails the design, operation and documentation of the business' activities as a professional, legal entity.
• Technology: This entails the actual design and development of the tangible products and/or services that the customer will get.

Key Services

Certain key services are required for enterprise development in South Africa and these may include:

• business mentoring and coaching
• technology mentoring and coaching
• furnished, ready-to-use office space in a secure environment
• shared resources like reception and meeting spaces
• Internet access
• networking opportunities
• access to professional service providers
• access to skills and business development interventions like functional business disciplines and training

Through our expert skills and assistance, the challenges of a start-up business are eased and by surrounding it with like-minded individuals, it more easily integrates with into a community of entrepreneurs.  It will also have access to Incubator resources to develop the business to its full potential and take a lot of the risk out of enterprise development in South Africa.