Cape Town: 21-23 November 2018
SMME Indaba to facilitate partnership discussions between business and municipalities on local economic and small business development programs!
TaranisCo Advisory CC, a premier tendering development specialist enterprise with 20 years of experience and dealing with some of SA’s largest suppliers to government, is hosting the SMME Indaba during the upcoming Global Entrepreneurship Week (GEW) on 22-23 November 2018 in Cape Town with visits to local SMME Incubators as part of the planned event.
The Indaba will launch the Startup & Grow Project for municipalities to facilitate a process of promoting entrepreneurship among local youth under the program that will support both those starting-up as well as providing mentorship for others who have recently gone into business since support in the formative years of an SMME is an essential requirement for sustainability.
The objective of the Indaba is to guide municipalities on how to get its suppliers and other corporates to contribute towards its own local Startup & Grow Project and also partnering with them under the B-BBEE Codes to fund enterprise and supplier programs of the Project.
Municipalities will also be advised at the Indaba on how to partner with construction companies under the “Adopt a Sub-Contractor Program”, since the Construction Sector B-BBEE Charter, only allows for companies to fund development programs of its own suppliers and municipalities have a big role to play to facilitate this legal instruction by encouraging local suppliers to adopt a ‘Sub-Contractor” for such development.
The Indaba will also launch the CodeCubator for those young people looking for assistance on how to start-up a business in the 4thIndustrial Revolution arena, which is a priority project for national government with the recent establishment of the iNesi Imkamva eSkills Institute.
The Institute will focus on areas like, “e-inclusion, ICT for rural development, government e-enablement, e-entrepreneurship and free and open source software”, respectively.
The CodeCubator will aim to train as many as possible young people in every municipality across the country, with free online training on how to become entrepreneurs and manage the challenges of the 4thIndustrial Revolution by offering IT-Solutions and design ‘Apps’ for local communities and businesses.
The R10 000.00 Startup & Grow Challenge will also be launched at the Indaba, which is a program in partnership with corporates and endorsed by municipalities to fund one needy entrepreneurs from previously disadvantaged community in its jurisdiction, to receive “read-made start-up kits” to launch their own businesses inclusive of training and mentorship.
The Challenge aims to create 1000 start-ups by the year 2020 in full partnership with local municipalities.
The Indaba will also include a session on how municipalities through the Start-up & Grow Project could guide small businesses on how to access government funding from private sector B-BBEE funding for enterprise and supplier development as well as from the Industrial Development Corporation (IDC), National Empowerment Fund (NEF), Small Enterprise Finance Agency (SEFA) and technical support from SEDA and NYDA, respectively.
The Startup and Grow Project will commence on 1 February 2019 and Municipalities are not required to fund any component other than endorsing it.
Funding any component is optional though.
The objective is for the supplier-partners to fund these components via their B-BBEE funding, which will be raised and managed by the Program.
On the other hand, the Indaba is an ideal opportunity and platform for the business sector to engage municipalities on how they could partner and support local initiatives within the existing scope of enterprise and supplier development in the B-BBEE arena.
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For more details on the Indaba and the Project: Contact Gerrit Davids (Executive Coordinator) on Tel. 011-026 4891 or Cell: 082 496 1657: E-mail: firstname.lastname@example.org