The Innovator Trust has launched an incubation programme for young, black-owned technology start-up entrepreneurs.
For most black-owned start ups plying their trade in the information and communications technology space, building a foundation block in the first two years is a tall order. Most end up stillborn, dying in infancy. And with that goes the idea of an enterprise that could have created jobs and produced an innovation that could have added value to the economy.
#MyStartUpMyStory has been specifically tailored to solve this problem. In particular, it is aimed at supporting the growth of small, black-owned information and communications technology (ICT) businesses, which have been operatinG for less than two years. It is a two-year programme that provides start-ups with access to one-on-one mentorship, skills training and cash grants.
Tashline Jooste, the CEO of Innovator Trust, explains: “For 10 bold and innovative start-up businesses, which have had the courage and grit to start with the resources they have available, the Innovator Trust will provide support through training, resources and mentorship in building them to a point of sustainability.”
“The programme is another initiative from Innovator Trust to stimulate job creation and drive innovation among small, black-owned technology-focused businesses in South Africa,” says Jooste.
To qualify, the businesses must be in the ICT sector, registered with the Companies and Intellectual Property Commission, have been in business for between one month and two years, and generating a turnover of at least R100 000 a year. The business owners must be between 18 and 35 years of age.
For more information about #MyStartUpMyStory go to www.innovatortrust.co.za(link is external), call: +27 010 010 5686 or email: info@innovatortrust.co.za
Credits: Information sourced from Vukuzenzele and adopted for Transform SA
