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As part of a global celebration, on 8 December 2015 Seda will celebrate the Global Business Incubation Day under the theme “celebrating Technology Commercialisation through incubation”. in three provinces: In Gauteng Province -Bakery and Food Technology Incubator of South Africa (BICSA) located in Silverlakes (City of Tshwane) which focuses on developing food and beverage SMMEs, in the Northern Cape – Kimberley Diamond and Jewellery Incubator (KDJI) which focuses on mining beneficiation start-ups and SMMEs who are into diamond cutting and polishing and jewellery making and in the Western Cape – Furntech, Nyanga (Cape Town) the furniture manufacturing incubator which focuses on developing SMMEs that are into furniture manufacturing and related subsectors.

Global Business Incubation Day was launched in 2008 as the first worldwide celebration showcasing achievements of business incubation in supporting small enterprises. Incubation is one of pillars of small business development and the radical transformation of the South African economy, job creation and poverty eradication.

The events will see the official launch of two of the incubation centres that is the KDJI which will be launched by the Deputy Minister of Small Business Development, Ms Elizabeth Thabethe in Kimberley and BICSA which will be launched jointly by the Department of Small Business Development and Seda in Pretoria.

Seda, through its Seda Technology Programme (Stp) supports 48 Technology Business Incubation Centres spread across the country and across a number of sectors which range from ICT, construction, agriculture, manufacturing and food sectors.

The invitation has been extended to both the public and private sectors small business development players. Approximately 750 participants including; entrepreneurs, general public are expected to participate in all three celebrations.

In the past 3 years 7784 small enterprises have been through the programme. Part of the impact incubation has been proven to make is its ability reduce the failure rate in the first few years of small enterprises. Statistics on small enterprises that have been through Seda’s incubation programme prove that 80% of those small enterprises survived the first two years of trading post incubation.

To intensify government efforts on enterprise development further and lead discussion on improving and enhancing success rate of enterprise development through incubation. Seda will be hosting its first South Africa Incubation Conference in March 2016, invitations are to be extended to business incubation support agencies from both developing and leading economies in the world. Details in this regard will be communicated in due course.

 

ISSUED BY: THE SMALL ENTERPRISE DEVELOPMENT AGENCY (Seda)
MEDIA ENQUIRIES TO: Manager - Boy Ndala
E-MAIL: bndala@seda.org.za
TEL: 012 441 1163
MOBILE: 083 340 4603
Date: Tuesday, 08 December 2015