Business incubation is a business support process that accelerates the successful development of start-up and fledgling companies by providing entrepreneurs with an array of targeted resources and services.A business incubator’s main goal is to produce successful companies that will leave the program financially viable and freestanding. These incubator graduates have the potential to create jobs, revitalize neighborhoods, commercialize new technologies, and strengthen local and national economies. Critical to the definition of an incubator is the provision of management guidance, technical assistance and consulting tailored to young growing companies. Incubators usually also provide clients access to appropriate rental space and flexible leases, shared basic business services and equipment, technology support services and assistance in obtaining the financing necessary for company growth. Incubators vary in the way they deliver their services, in their organizational structure and in the types of clients they serve. Highly adaptable, incubators have differing goals. Incubator clients are at the forefront of developing new and innovative technologies – creating products and services that improve the quality of our lives in communities around the world. Source : www.nbia.org.
What are the entry requirements to be part of the programme?
An emerging contractor has to ensure that their company meets the minimum requirements: (1) Company status must be in business (2) Company must be registered with the CIPC and active (3) Company must be registered with CIDB and an active member (4) Company owner must produce current Tax Clearance documentation
How do I apply to be part of the SCI programme?
There are two type of programmes a client can apply for: 3-year programme incubation programme and 1-year outreach programme. To apply contact the closest branch for application forms. New intake adverts are published on most of the local and national newspapers, interested clients should keep a look out. For effective selection to the programme applicants will be put through a skills audit interview for the development of individual support programme. Application Form
How do I go about advertising my business in the directory? and How do I go about advertising my business in the directory?
You can email Noluthando Dlamini at email@example.com
No, the directory will list contractors who are part of the programme only. But contractors who are not part of the programme are welcome to advertise in the directory..
Where is the directory distributed and to who?
The directory will be distributed to all industry bodies in the country. There will be a hard copy and electronic copy that will also be published on the SCI website.
Where and how can I get a copy of the directory?
The directory will be available electronically on www.seci.org.za or email the Marketing department to firstname.lastname@example.org to get an electronic copy. A few copies will be printed.
No, the SCI programme offers emerging contractors business and technical mentorship only. Though we do host events and seminars with financial institutions during the three years of the programme.