All small business goes through a series of stages before they are effectively able to scale and thrive. At The Motheo TVET incubator we understand that the first stages are normally the most challenging and a lot of businesses fail at this point.
According to an article in the mail & guardian, while entrepreurship experts would agree with these sentiments, South African Small Business failure rate of almost 80% within the first three year means the average entrepreneur’s chance of starting a business, growing it and creating much-needed jobs in painfully slim. (24.02.2017 article).
Our service offering is limited to businesses in the first 5 stages of development.
|Features/Programs (Two Main Programs)||Internal Business Development Support Program||Extended Business Development Support Progra|
|Pre- Requisites||Business Idea & 2 page profile(Strong focus on Motheo TVET graduates)||Existing business with MVP (Focus on the general community at large)|
|Application process||Psychometric business acronym test, Demonstration of qualification and experience in field of business, business pitching interview and computer literacy||Psychometric business acronym test, Demonstration of extensive experience in field of business, business pitching interview and computer literacy.|
|Timeline||3-36 Months||3-36 Months|
|Purpose||To build the foundation of new Start-ups||To accelerate the Growth of established Start-ups|
|Support||Office Space, administrative tools support, business planning, training, Product development and operational tools||Business Advice, seed funding, industry linked mentorship and networking Opportunities.|
|Demographics||All South African individuals and groups aged between 18-35 years. Idea must be formed by individuals/groups who are 100% South African.||All existing businesses with a 100% South African share ownership, directors aged between 18-50|
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