SMME, Informal Sector and Cooperative Baseline Study
|
|
- Stewart Dean
- 5 years ago
- Views:
Transcription
1 SMME, Informal Sector and Cooperative Baseline Study Executive Summary of Research Report for the Gauteng Provincial Government Department of Economic Development By: Prof. Ed Bbenkele Paper presented at the UJ CSBD 4th Annual Soweto Conference 28th & 29th October 2013 Turning Tangible and Intangible Assets/Resources in Townships into Business Opportunities Centre for Small Business Development (CSBD) University of Johannesburg Tel: /5518 Fax: Potcheefstroom Road Soweto
2 Research Report Contents Executive Summary 1. Introduction 1.1 Gauteng Province as a smart province Objectives of the base line study: Why the baseline study? 2. Research methodology 2.1 Overall research design 2.2 Sampling frame 2.3 Sample selection 2.4 Questionnaire design 2.5 Data collection 2.6 Data processing and analysis 3. Results of the study: Knowing the SMMEs, informal sector, and cooperatives 3.1 Summary of the BSM 3.2 Socio-demographic profiling 3.3 Business profiling 3.4 Business start-ups and challenges 3.5 Business performance and entrepreneurial orientation 3.6 Registration and business compliance 3.7 Banking practices and behaviour 3.8 SMME credit, loan usage, and managing of finances 3.9 Small business support 4. Summary and recommendations 1 P a g e
3 Executive Summary This section provides conclusions and makes recommendations to the Department of Economic Development to promote and support the needed growth of SMMEs, cooperatives, and the informal sectors as potential engines of growth. For completeness, the conclusions and recommendations will draw in the major areas that the study used to profile SMMEs, the informal sector, and cooperatives. There are nine sections in the profiling study and, from these, some critical recommendations are made. Please note that numerous recommendations, areas for further research, and points which need further thought are provided. In the first instance, the profiling study used a robust methodology to ensure that the descriptions of the SMMEs, cooperatives, and the informal sector were not compromised. This involved conducting interviews in all five regions in Gauteng, for the study to have external validity. It was also deemed important to work closely with the local economic development officers in the various regions, to achieve appropriate sampling units. The conclusions and recommendations are as follows: 1. Categorisation of SMMEs and commensurate policies SMMEs have been segmented according to levels of business sophistication. Using critical sophistication variables means that the common BSM categories can be matched to government categorisations. What emerged is the existence of survivalist (BSM 1&2, lower end), very small entrepreneurs (BSM 3, lower medium), micro enterprises (BSM 4, medium), small enterprises (BSM 5, lower upper), and medium enterprises (BSM 6 &7, upper end). From this segmentation of clients, we recommend the following: a. There is a need to tailor interventions from SMME support agencies of the Gauteng Department of Economic Development (GDED) to the various SMME segments. In marketing of services, this is known as target marketing. This is imperative, as some clients are in the introduction phase, others want to stabilise, while others want to grow. Surely, the 2 P a g e
4 approach of one fit for all is flawed, and yet money is spent implementing this strategy. Let there be political directives, but these need to be operationalised in an entrepreneurial manner by the provincial government agencies. b. Following from the above, it is recommended that the Gauteng provincial government introduce a start-up sustainability and growth strategy to support and promote SMMEs, cooperatives, and the informal sector. It then becomes an imperative to inform the Gauteng provincial government s policy and strategy for the Gauteng province to become a smart province and an entrepreneurial state. c. 55% of SMMEs are managed by men, and women s involvement stands at 33%. It is recommended that cooperatives to empower female entrepreneurs be considered. This will move them into areas of wealth, and create employment opportunities away from the informal sector, where they often work as hawkers. d. An unpopular recommendation is to move entrepreneurs to start-up, sustain them, and grow them. The level of subsidies needs to decrease as one moves people up on the scale of entrepreneurship development. The study recommends that grants be used in a different way to support and promote SMMEs, cooperatives, and the informal sector. e. Using family income is very common among SMMEs, cooperatives, and the informal sector. However, there is no family business training currently provided to all sectors. This is seen as limiting sustainability and growth, and it is recommended that family business training programmes be introduced. The University of Johannesburg offers such a training programme as a short learning programme. 3 P a g e
5 1. Nature of businesses to be supported The study concluded that most of the businesses are not involved in value-creating activities. They merely buy and sell, with no value addition. This does not contribute to wealth and employment creation. a. We recommend that the medium and upper SMME segments be encouraged to engage more in value-adding activities. The lower segments should be supported to get to this level, but this will take three to four years. This incubation period should be accepted, and there is a need to retain and support the entrepreneurs, so that they can sustain their businesses. Women seem to have a higher need in this regard than men. This means that policy and strategy need to actively promote divapreneurs. This concept is new, and needs to be embraced fully. b. The informal sector is very active, and a clear policy needs to be formulated to respect this sector, as the current practice of the municipal police harassing these informal entrepreneurs is self-defeating. International best practices testify to this. c. The study shows that cooperatives present a more stable business structure than that of survivalist, very small, and micro entrepreneurs. We thus recommend that cooperatives be encouraged to engage in the construction sector through appropriate training, so that they may benefit from the Public Works Programme. Expecting entrepreneurs in BSM 1 to BSM5 to participate in the construction sector is unrealistic. Gauteng Enterprise Propeller (GEP) needs to provide skills programmes in construction, and thus also need to work very closely with the Public Works Programme to link the cooperatives to tenders. This would be more productive than the current intervention model that is being used. Close liaison with the Department of Social Development is needed. d. Business space is a serious challenge for many entrepreneurs. We recommend that business parks be built near the townships, to avoid transport costs for business owners. GPG needs to subsidise the rentals, to allow businesses to stabilise and grow. It is also strongly recommended that common boardrooms and photocopying facilities be provided. This will be complemented by practical business training and market linkages. Business networks start and thrive in such environments. 4 P a g e
6 3. Supporting business start-ups a. The study has found that SMMEs are usually young firms, and have less than five years entrepreneurial experience, and, as such, are very vulnerable to business risks. They are also mainly opportunity entrepreneurs. It is recommended that the right clients be targeted for support interventions (BSM 6 and 7, Small and Medium) for growth, otherwise money spent on chancers or survivalists and micro entrepreneurs will be wasted. Of course, keeping them in business for poverty alleviation is another developmental agenda. Will Gauteng Province continue being an entrepreneurial or developing state? b. Sourcing capital has been reported as a problem for all SMMEs. We recommend that deliberate interventions take place to rehabilitate SMMEs, so that they can access funds from financial institutions. This is important, as finance exists, but SMMEs are considered unbankable. Israel does this at present, why can t GPG? 4. Promoting business growth and entrepreneurship a. The study found that SMMEs are struggling, except for cooperatives, which seem to be growing, but are still in the early start-up stages. We recommend that national government be advised of the strain the financial crisis causing in SMMEs in general. More financial support interventions are needed in this sector. The government support framework in response to the financial crisis shies away from assisting SMMEs, and this needs to be redressed, not through Business Unity South Africa (BUSA), but through the provincial agencies, like GEP, that work with SMMEs. b. There is a spirit of entrepreneurship among SMMEs. The challenge lies in tapping into this spirit. We recommend that all training interventions in this sector be re-examined, with an emphasis on two things: first, to motivate entrepreneurs to achieve their dreams by getting them together with those who have made it; secondly, to provide appropriate training by recognised training institutions, and to continuously mentor SMMEs in the suggested business parks. We believe that private-sector training providers are often motivated by financial gain, and ignore the fundamentals of empowering the SMMEs. Further, SETA, in collaboration with merseta and the Faculty of Management, recently received a delegation of professors from the University of HAMK in Finland. Finland uses a 5 P a g e
7 model that emphasises the training of trainers in entrepreneurship. This model needs to be introduced to the GDED support agencies, so that their service providers are up to scratch. The University of Johannesburg has bought into this model. 5. Reaching lucrative markets and tenders a. There is a heavy dependency on local communities to provide the market for entrepreneurs. Even when other communities in Gauteng and the nation provide market opportunities, especially for small and medium enterprises, such opportunities are not taken advantage of. We recommend that short programmes in entrepreneurial growth strategies and mentorships be intensified. The Business Management Department at the University of Johannesburg offers this as part of their core academic programme, and it can easily be converted into and offered as a short-term programme. b. As pointed out above, it will be important for GPG to work closely with national institutions that give out tenders, especially in value-creation sectors like construction (Extended Public Works Department). c. Business growth at present is stunted amongst SMMEs, as GPG might not be giving tenders to these businesses. This is as a result of a market demand failure. We recommend that supplier development programmes be provided to targeted SMMEs in BSM 5, 6, and 7. Again, the Department of Business Management at the University of Johannesburg offers such short learning programmes. d. The business support organisations also need to disseminate tender information to SMMEs on a regular basis. This can be very easily done using information and technology (IT) as a business enabler, as all entrepreneurs have cell phone connectivity. Tender information could be flashed, and GEP regional offices and the service providers can assist SMMEs to bid for these tenders. However, this strategy requires transparency in the awarding of tenders at provincial and municipal levels. Corruption will work against this. 6 P a g e
8 6. Formalisation of business entities and compliance issues Business ethics require that any established business complies by first registering and complying with the various laws and Acts. The study found that, in the informal sector, there are many businesses that operate without any proper registration, or do not comply with the municipality by-laws. Even SMMEs registered with CIPC are not complying with many of the requirements of the Companies Act. a. We recommend that the informal sector be allowed to offer goods and services in the various sectors without being harassed. It is felt that strict legislative requirements are killing the sector and counteracting the possible benefits that could otherwise be realised. Minimal administrative burdens are needed for the informal sector to flourish. b. Furthermore, those who wish to expand their markets through government tenders should be allowed to register as formal business entities. Most think of themselves as too small to tender, and this perception needs to be changed by providing training on how to craft winning tenders, and empowering them with the skills they need to effectively execute the tenders. This implies confidence-building, which, at present, does not exist amongst SMMEs in South Africa. 7. Banking practices and behaviour a. The study concluded that the banking practices and behaviour of SMMEs need to be addressed, as they introduce risk into business operations. The simple separation of personal and business banking accounts, for example, does not exist. This has resulted in difficulties in the financial management of businesses. b. We strongly recommend that behavioural change be promoted in the financial management interventions received by many of the SMMEs. To know what should be done is one thing, to implement the required behaviour is another. At present, SMMEs know what needs to be done, but are not doing it. The cooperatives, however, are, to some extent, addressing the issue of financial management, because, in order to receive funding, they have to follow certain financial procedures. c. This means that certain financial requirements need to be adhered to before SMMEs can qualify for interventions from GPG and its agencies. However, this should not be an 7 P a g e
9 exclusivity criterion, but one that identifies deserving SMMEs and prepares them to meet the financial requirements of interventions. d. This study has found that the SMME sector is largely ignored with regard to the various financial products on offer from financial institutions. The numerous financial products do not seem to be relevant to the SMME sector, and, thus, their relevance needs to be examined. We strongly recommend that SMMEs be linked to deposit-receiving institutions like Pick n Pay, Shoprite, other private sector selected retailers, and the Post Office, and for GEP to open agencies that operate near the places where SMMEs are found. This will promote deposit-banking behaviour. This strategy is, for instance, currently sustaining the efforts of Bank Rykhayt in Indonesia. The introduction of saving points would improve the saving behaviour of SMMEs, thereby making them more bankable. e. A question that arose is whether GEP could use its regional offices and work with retailers to facilitate the opening of deposit accounts by SMMEs, like Pick n Pay and Shoprite are doing at present, and very successfully too. 8 Credit usage and financial management concerns a. The study found that SMMEs expose their businesses to risks by not buying insurance products. This risk needs to be addressed. GPG agencies should partner with insurance companies to cover this business risk. GPG offering useful services to SMMEs is one area that requires urgent attention. b. Many SMMEs do not consider it important to keep financial records of their business. We strongly recommend that a massive training campaign be started to show how financial records should be kept, by using the internet platform for simple cash book transactions. Moreover, financial institutions have financial records packages to assist SMME clients. GEP as an agency of government should encourage their clients to use simple financial management tools. Then, as a follow-up, bookkeepers can consolidate these into quarterly financial statements, to show a record of the performance of SMMEs. This is one mechanism banks need, and could be used to improve the chances of SMMEs obtaining funding. 8 P a g e
10 c. A saving culture should be promoted by making it easy for SMMEs to deposit their daily takings. Regional offices of GEP need to engage in strategic alliances with retail institutions and financial institutions, which can offer these services in close proximity. Pick n Pay and Shoprite Checkers have achieved very good penetration in this regard. These points could also be established at local post office banks and village banks. d. Most SMMEs operate as family businesses, as they borrow start-up capital from family members, and these family members will invariably influence decisions in the business. Unfortunately, training in managing, sustaining, and passing on business skills to the next generation is rare. e. Family business short programmes are offered at the Business Management Department at the University of Johannesburg. 9. Importance of business networks and government support The study found that, unfortunately, SMMEs perform poorly in networking, as few are members of local business membership organisations (BMOs). This limits their access to information on business opportunities in terms of tenders, training opportunities offered by government, and any other support interventions. The BMOs have to show that they are useful and can meet the needs of their members in order for them to be seen as adding value. Government knows that BMOs have become very political, and that there is a lack of representation. This state of affairs is unfortunate, and needs to be addressed. a. We strongly recommend that GPG create links with progressive BMOs to meet the needs of SMMEs, cooperatives, and the informal sector. This will require the identification of these institutions, and their governance structures need to be influenced in a constructive manner. b. The creation of business parks will assist in building business networks. Entrepreneurs need to be encouraged to join networks; however, they will have to see the benefits before they will freely participate. It will take time to realise the benefits of such business parks and networks, and they should thus be set up as soon as possible by GEP. 9 P a g e
11 Overall, the various agencies are encouraged to move closer to the river to hear the fish talk! This is the only way an impact can be made in supporting and promoting the SMME, cooperative, and the informal sector in Gauteng. 10 P a g e
SPONSORSHIP PROPOSAL. Ithalomso Youth Enterprise Summit 2015 Western Cape June. Theme: Success in Youth Business within the context of NDP
Theme: Success in Youth Business within the context of NDP SPONSORSHIP PROPOSAL Encouraging Youth Entrepreneurship & Ground-breaking SMMEs in the South African Economy Towards a more Responsible and Inclusive
More informationENTREPRENEURSHIP ENTERPRISE DEVELOPMENT & INVITATION TO ATTEND INVESTMENT AGENDA. 4 th Annual Africa. 21 & 22 June, Sandton, Johannesburg.
2017 4 th Annual Africa ENTERPRISE DEVELOPMENT & ENTREPRENEURSHIP INVESTMENT AGENDA 21 & 22 June, Sandton, Johannesburg. INVITATION TO ATTEND Transformation and innovation for job creation PREVIOUS PARTNERS
More informationSession 2: Programme of Action
Session 2: Programme of Action The why Services SETA rationale High Unemployment Rates Entrepreneurship = viable vehicle for higher rate of employment Entrepreneurship promotes real empowerment Opportunity
More informationCONTENTS 01 INTRODUCTION 02 AREA OVERVIEW 03 ENTREPRENEUR OFFERING 04 PLATFORMS 06 RIVERSANDS COMMERCIAL PARK 05 CONFERENCE CENTRE
CONTENTS 01 INTRODUCTION 02 AREA OVERVIEW 03 ENTREPRENEUR OFFERING 04 PLATFORMS 06 RIVERSANDS COMMERCIAL PARK 05 CONFERENCE CENTRE Riversands Incubation Hub is a groundbreaking initiative with the scale
More informationBUSA Presentation to CESA Small Firm Workshop
BUSA Presentation to CESA Small Firm Workshop Costa Pierides- Executive: Chambers and Membership 6 th April, 2011 SOME BACK GROUND INFORMATION- FACT FILE- According to the ILO Score Project SME S EMPLOY
More information2014 ENTREPRENEUR DEVELOPMENT
2014 ENTREPRENEUR DEVELOPMENT PROVEN STRATEGIES FOR BUSINESS SUCCESS AND MAKING MONEY 2014 ENTREPRENEUR DEVELOPMENT PROVEN STRATEGIES FOR BUSINESS SUCCESS AND MAKING MONEY Entrepreneurs, Micro Businesses
More informationTHE BETTER ENTREPRENEURSHIP POLICY TOOL
THE BETTER ENTREPRENEURSHIP POLICY TOOL SOCIAL ENTREPRENEURSHIP SELF-ASSESSMENT STATEMENTS Social Entrepreneurship Culture Institutional Framework Legal & Regulatory Frameworks Access to Finance Access
More informationGUIDELINES OF ENTREPRENEURSHIP FOR INDIAN YOUTH
GUIDELINES OF ENTREPRENEURSHIP FOR INDIAN YOUTH OBJECTIVES There are approximately 100 million unemployed and underemployed young people aged 16 to 30 years in our country. At least 20% of these young
More informationCOUNCIL OF THE EUROPEAN UNION. Brussels, 30 April /14 JEUN 55 EDUC 111 SOC 235 CULT 46
COUNCIL OF THE EUROPEAN UNION Brussels, 30 April 2014 8378/14 JEUN 55 EDUC 111 SOC 235 CULT 46 NOTE from: General Secretariat of the Council to: Permanent Representatives Committee (Part 1) / Council No.
More informationSMEs in developing countries with special emphasis on OIC Member States, and policy options to increase the competitiveness of SMES
The Standing Committee for Economic and Commercial Cooperation of the Organization of the Islamic Cooperation (COMCEC) October 10th, 2012 SMEs in developing countries with special emphasis on OIC Member
More informationOECD LEED Local Entrepreneurship Review, East Germany : Action Plan Districts Mittweida (Saxony) and Altenburger Land (Thuringia)
This "ActionPlan" builds on recommendations given in the draft summary report on the districts Mittweida (Saxony) und Altenburger Land (Thuringia), March 2006, presented at a regional workshop on 20 March
More informationOUR OPERATIONAL NETWORK
About MARU Maru is registered in South Africa as not for Profit Company under section 21 of the companies act. Maru was established to respond to social development needs and environmental challenges that
More informationLocal Business Council Initiation Seminar. 28 November 2014
Local Business Council Initiation Seminar 28 November 2014 Content Introduction Alignment of Council with other initiatives Bapo ba Mogale Investments Strategy Proposed Bapo Business Council Strategy Tools
More informationThe next phase will kick in on 1 November 2013 resulting in the programme being rolled out to the remaining 10 branches. Communication Marketing
ATTENTION SEFA & IDC SUBJECT PROGRAMME ALERT: NYDA GRANT PROGRAMME DATE SUBMITTED 18 OCTOBER 2013 FROM LINDA DLOVA EXECUTIVE MANAGER: COMMUNICATIONS CONTACT DETAILS 011 651 7000 Email: linda.dlova@nyda.gov.za
More informationPRESENTATION FOR DSBD PROGRAMMES
PRESENTATION FOR DSBD PROGRAMMES CONTET OF PRESENTATION Mission and vision of DSBD Why SMME s DSBD Incentive Offerings: 1. Informal and Micro Enterprise Development Program - IMEDP 2. Cooperative Incentive
More informationBUFFALO CITY ETHEKWINI MUNICIPALITY BUSINESS INCUBATION LEARNING EXCHANGE LEARNING NOTE
BUFFALO CITY ETHEKWINI MUNICIPALITY BUSINESS INCUBATION LEARNING EXCHANGE LEARNING NOTE Wednesday, 06 August Thursday 07 August 2014 Day 1: Wednesday, 06 August 2014 SEDA Offices, 127 Johannes Nkosi Street,
More informationREPORT ON WOMEN EMPOWERMENT WORKSHOP BY UNIVERSITY OF NAIROBI S AFRICAN WOMEN STUDIES CENTRE AND DANIDA
REPORT ON WOMEN EMPOWERMENT WORKSHOP BY UNIVERSITY OF NAIROBI S AFRICAN WOMEN STUDIES CENTRE AND DANIDA DATE: 18/05/2015VENUE: UON TOWERS, MINI LECTURE ROOM 404 I. Welcoming Speech by Acting Director AWSC-
More informationICT-enabled Business Incubation Program:
ICT-enabled Business Incubation Program: Strengthening Innovation at the Grassroots June 2009 infodev ICT-enabled Business Incubation Program 1 Program Summary Objective infodev s Innovation and Entrepreneurship
More informationLeveraging on the Strength of SMMEs in driving Job Creation: 2018 SMMEs ICT SUMIITS & EXPO. Presented by Xolani Qubeka Chief Executive Officer
Leveraging on the Strength of SMMEs in driving Job Creation: 2018 SMMEs ICT SUMIITS & EXPO Presented by Xolani Qubeka Chief Executive Officer SBDI S DISRUPTIVE POSTURE The SBDI is committed to contribute
More informationBOOSTING YOUTH EMPLOYMENT THROUGH ENTREPRENEURSHIP
An SBP occasional paper www.sbp.org.za June 2009 BOOSTING YOUTH EMPLOYMENT THROUGH ENTREPRENEURSHIP A response to the National Youth Development Agency Can the creative energies of South Africa s young
More informationEFB Position Paper: Fostering Long-Term Entrepreneurship
EFB Position Paper: Fostering Long-Term Entrepreneurship Entrepreneurship: any attempt at new business or new venture creation, such as self-employment, a new business organisation, or the expansion of
More informationStrategy in SA. Development SMME. PDF Created with deskpdf PDF Writer - Trial ::
SMME Development Strategy in SA PDF Created with deskpdf PDF Writer - Trial :: http://www.docudesk.com Outline of presentation Background Lessons learnt for the past 10 years Rationale for the revised
More informationACCENTURE SKILLING FOR CHANGE PROJECT SHORT TERM MONITORING AND EVALUATION CONSULTANCY TERMS OF REFERENCE
ACCENTURE SKILLING FOR CHANGE PROJECT SHORT TERM MONITORING AND EVALUATION CONSULTANCY TERMS OF REFERENCE Cherie Blair Foundation for Women Registered Charity No 1125751 PO Box 60519, London W2 7JU T:
More informationREDUCING POVERTY AND CREATING OPPORTUNITIES FOR GROWTH AND JOBS
REDUCING POVERTY AND CREATING OPPORTUNITIES FOR GROWTH AND JOBS 9 January 2014 Minister Alan Winde SA Today 2 Unemployment rates per Province SA unemployment rate is 24.7% Expanded Unemployment Rate is
More informationENTREPRENEURSHIP. Training Course on Entrepreneurship Statistics September 2017 TURKISH STATISTICAL INSTITUTE ASTANA, KAZAKHSTAN
ENTREPRENEURSHIP Training Course on Entrepreneurship Statistics 18-20 September 2017 ASTANA, KAZAKHSTAN Can DOĞAN / Business Registers Group candogan@tuik.gov.tr CONTENT General information about Entrepreneurs
More informationC2I: Connect to Implement. Empowering Youth to Grow Ideas into Jobs
C2I: Connect to Implement Empowering Youth to Grow Ideas into Jobs Background and Motivation Winner of the World Bank Group 2015 Youth Innovation Fund (YIF) An opportunity for young staff of the World
More informationSCIENCE & TECHNOLOGY ENTREPRENEURSHIP DEVELOPMENT (STED) PROJECT
SCIENCE & TECHNOLOGY ENTREPRENEURSHIP DEVELOPMENT (STED) PROJECT GENERAL GUIDELINES AND PROFORMA FOR SUBMISSION OF PROPOSALS Government of India Ministry of Science & Technology Department of Science &
More informationC O M P A N Y P R O F I L E
COMPANY PROFILE EXISTS IN ORDER TO MAKE A POSITIVE DIFFERENCE IN SOUTH AFRICA. We do this by stimulating the growth of the small business sector, especially enterprises that make an impact in rural and
More informationAccess to finance for innovative SMEs
A policy brief from the Policy Learning Platform on SME competitiveness July 2017 Access to finance for innovative SMEs Policy Learning Platform on SME competitiveness Introduction Entrepreneurship is
More informationBUSINESS SUPPORT & MARKETS UNIT
BUSINESS SUPPORT & MARKETS UNIT ENTREPRENEURSHIP IN ethekwini PEER EXCHANGE 22 February 2011 Economic Significance of SMMEs Of a total of 906 700 firms operating in South Africa, large enterprises constitute
More informationSADC Renewable Energy Entrepreneurship Support Facility
SADC Renewable Energy Entrepreneurship Support Facility Context The Southern African Development Community (SADC) region s energy poverty is manifested through persistent power crisis and a lack of access
More informationProgramme Value Proposition and Incubation Model
Programme Value Proposition and Incubation Model Value Proposition: Creating green growth Why investment in the Green Economy is imperative for the growth of our economy? With an anticipated target of
More informationSeed Academy s first STARTUP SURVEY RESULTS
Seed Academy s first STARTUP SURVEY RESULTS Includes the views of almost 1000 South African startup entrepreneurs It is intended that these results will create impetus for industry and government to align
More informationInnovation, Entrepreneurship and Rural Development: Some Key Themes
Innovation, Entrepreneurship and Rural Development: Some Key Themes Professor David Smallbone Small Business Research Centre Kingston University Kingston upon Thames, UK INTRODUCTION Although innovation
More informationINDICATORS AND MEASUREMENT: POLICY IMPERATIVES AND THE WAY FORWARD
INDICATORS AND MEASUREMENT: POLICY IMPERATIVES AND THE WAY FORWARD James George Chacko UNDP-Asia Pacific Development Information Programme (APDIP) Global Indicators Workshop on Community Access to ICTs
More informationCORPORATE SOCIAL RESPONSIBILITY. Building a sustainable community for our future generations
CORPORATE SOCIAL RESPONSIBILITY Building a sustainable community for our future generations OUR CSR APPROACH Sustainability is an integral part of our business planning. We aim to achieve excellent corporate
More informationGUJARAT INDUSTRIAL POLICY 2003
GUJARAT INDUSTRIAL POLICY 2003 SMALL AND MEDIUM ENTERPRISES Gujarat, since many years has been known as the land of entrepreneurs. It is this entrepreneurial spirit that ushered the process of emergence
More informationA story to highlight plights of Solomon Islander Entrepreneurs
Remarks by Mr. Gane Simbe, deputy Governor of the Central Bank of Solomon Islands at the launching of Mini Small and Medium Enterprises Business Loan Guarantee Scheme and the SME Policy 2016, Kitano Mendana
More informationAddress by Deputy President Cyril Ramaphosa at the Launch of Global Entrepreneurship Week, IDC Auditorium, Johannesburg 11 November 2016
Address by Deputy President Cyril Ramaphosa at the Launch of Global Entrepreneurship Week, IDC Auditorium, Johannesburg 11 November 2016 Minister of Small Business Development, Ms Lindiwe Zulu, Premier
More informationAddressing the sanitation crisis through a market-based approach
40 th WEDC International Conference, Loughborough, UK, 2017 LOCAL ACTION WITH INTERNATIONAL COOPERATION TO IMPROVE AND SUSTAIN WATER, SANITATION AND HYGIENE SERVICES Addressing the sanitation crisis through
More informationTERMS OF REFERENCE Events Management: Gender Based Violence Conference REQUEST FOR PROPOSALS AUGUST 2017
TERMS OF REFERENCE Events Management: Gender Based Violence Conference REQUEST FOR PROPOSALS AUGUST 2017 SUMMARY Title Events Management: Gender Based Violence Conference Description (Summary for website
More informationENTERPRISE AND SUPPLIER DEVELOPMENT ADVANCEMENT PROGRAMME AUGUST 2017/MBOMBELA LOCAL MUNICIPALITY
PARTNERSHIP PROPOSAL 2 ND ANNUAL SMALL BUSINESS ENTERPRISE AND SUPPLIER DEVELOPMENT ADVANCEMENT PROGRAMME 2017 Small Business 10-11 AUGUST 2017/MBOMBELA LOCAL MUNICIPALITY Advancing small businesses to
More informationEverything you need to know about National Gazelles. A question and answer guide
Everything you need to know about National Gazelles A question and answer guide Q: What is the National Gazelles? The President s Gazelles is a new programme specifically designed to support and accelerate
More informationOPTIVEN GROUP FOUNDATION. Eyes on the community PROFILE
OPTIVEN GROUP FOUNDATION Eyes on the community PROFILE Who is George Wachiuri? George Wachiuri is the founder and C.E.O Optiven Group. He is an astute Business man & Entrepreneur, Author, Motivator, Philanthropist
More informationWhat can the EU do to encourage more young entrepreneurs? The best way to predict the future is to create it. - Peter Drucker
What can the EU do to encourage more young entrepreneurs? The best way to predict the future is to create it - Peter Drucker A proposal by Katie Williams INTRODUCTION Although, a range of activities for
More informationPolicy Statement Women Entrepreneurship Ireland and Germany
Ref. Ares(2016)1054511-01/03/2016 H2020-MCSA-RISE-2014 Grant Agreement: 655441 women entrepreneurs Policy Statement Women Entrepreneurship Ireland and Germany Abstract This policy report's main objective
More informationSPONSORSHIP BROCHURE Africa SMME Conference. Theme: South African Economy and the Role of SMMEs. SMME Awards
SPONSORSHIP BROCHURE 2010 Africa SMME Conference Theme: South African Economy and the Role of SMMEs & SMME Date : 21 October 2010 Venue : Birchwood Hotel, Boksburg, Gauteng It is our business to help your
More informationFor: Approval. Note to Executive Board representatives. Document: EB 2017/LOT/G.18 Date: 27 November Focal points:
Document: EB 2017/LOT/G.18 Date: 27 November 2017 Distribution: Public Original: English E President s report on a proposed grant under the country-specific window to the Technical Centre for Agricultural
More informationFINANCIAL SUPPORT PROGRAMME
Gauteng Enterprise Propeller (GEP) is geared to provide both financial and non-financial support for the benefit of SMME s in Gauteng. In addition, GEP also coordinates stakeholders for the benefit of
More informationEuropean Economic and Social Committee OPINION
European Economic and Social Committee SOC/431 EU Policies and Volunteering Brussels, 28 March 2012 OPINION of the European Economic and Social Committee on the Communication from the Commission to the
More informationMs. Nino Elizbarashvilli, President
BEST BUSINESS INCUBATOR IN Georgia 1. Name of the business incubator and name of its head: Name of the Business Incubator: Georgian Business Incubator Name of the Head: Ms. Nino Elizbarashvilli, President
More informationDriving local economic growth
Driving local economic growth Contents Background 1 What is Kathu Industrial Park? 5 Where is Kathu Industrial Park situated? 5 Facilities 6 Facility Management Services 7 Park Layout 9 Tenants 10 Value
More informationCOMMUNITY ENGAGEMENT FOR IMPROVED PROBATION OUTCOMES
COMMUNITY ENGAGEMENT FOR IMPROVED PROBATION OUTCOMES Bernadette Alexander * I. INTRODUCTION The Probation system in Singapore is a Court-ordered community-based rehabilitation programme for suitable offenders.
More informationMEASURING THE IMPACT OF ENTREPRENEURSHIP PROGRAMMES ENDEAVOR BRAZIL
MEASURING THE IMPACT OF ENTREPRENEURSHIP PROGRAMMES ENDEAVOR BRAZIL 1 ENDEAVOR 2 3 ENDEAVOR CHANGING BRAZIL INCREASE THE NUMBER OF HIGH IMPACT ENTREPRENEURS IN THE COUNTRY WHO THEY ARE: Passionate (about
More informationChapter 6 PROBLEMS OF THE WOMEN ENTREPRENEURS IN KERALA AND TAMIL NADU
Chapter 6 PROBLEMS OF THE WOMEN ENTREPRENEURS IN KERALA AND TAMIL NADU Several barriers and constraints, viz. cultural, educational, technological, financial and legal lie in the way of women entrepreneurs
More informationTRAINING NEEDS ASSESSMENT CONSULTANCY FOR ADVANCING PALESTINIAN WOMEN ENTREPRENEURS PROJECT TERMS OF REFERENCE
TRAINING NEEDS ASSESSMENT CONSULTANCY FOR ADVANCING PALESTINIAN WOMEN ENTREPRENEURS PROJECT TERMS OF REFERENCE August 2015 1. About us The Cherie Blair Foundation for Women provides women in developing
More information8. Monitoring and Appraisal
Whatever the ownership and management structure it is important that the public sector is clear about its objectives, the level of finance to be provided and the outcomes expected. This enables the development
More informationIII. The provider of support is the Technology Agency of the Czech Republic (hereafter just TA CR ) seated in Prague 6, Evropska 2589/33b.
III. Programme of the Technology Agency of the Czech Republic to support the development of long-term collaboration of the public and private sectors on research, development and innovations 1. Programme
More informationThe Challenges to the Implementation of Key Demand Side Management and Energy Efficient Infrastructure Projects both for Government and Private Sector
The Challenges to the Implementation of Key Demand Side Management and Energy Efficient Infrastructure Projects both for Government and Private Sector Sabeer Sheik Ibrahim (CEO) 17 SEPTEMBER 2013 OVERVIEW
More informationCorporate Social Investment Policy Rev.: 1 CORPORATE SOCIAL INVESTMENT POLICY. number. CSMU Manager
Corporate Social Investment Policy Rev: 1 CORPORATE SOCIAL INVESTMENT POLICY Approval Process Position or meeting number Date Originator: Approved by Acting Company Secretary & CSMU Manager EXCO Approval:
More informationIntroduction & background. 1 - About you. Case Id: b2c1b7a1-2df be39-c2d51c11d387. Consultation document
Case Id: b2c1b7a1-2df4-4035-be39-c2d51c11d387 A strong European policy to support Small and Medium-sized enterprises (SMEs) and entrepreneurs 2015-2020 Public consultation on the Small Business Act (SBA)
More informationMinisterial declaration of the high-level segment submitted by the President of the Council
Ministerial declaration of the high-level segment submitted by the President of the Council Development and international cooperation in the twenty-first century: the role of information technology in
More informationKNOWLEDGE ALLIANCES WHAT ARE THE AIMS AND PRIORITIES OF A KNOWLEDGE ALLIANCE? WHAT IS A KNOWLEDGE ALLIANCE?
KNOWLEDGE ALLIANCES WHAT ARE THE AIMS AND PRIORITIES OF A KNOWLEDGE ALLIANCE? Knowledge Alliances aim at strengthening Europe's innovation capacity and at fostering innovation in higher education, business
More informationCAPE TOWN INFORMATION BROCHURE
CAPE TOWN INFORMATION BROCHURE PROGRAMME OVERVIEW The objective of Shanduka Black Umbrellas (SBU) is to address the low levels of sustainable entrepreneurship amongst 100% black owned businesses in South
More informationProgramme for cluster development
Programme description Version 1 10 June 2013 Programme for cluster development 1 P a g e 1. Short description of the programme Through this new, coherent cluster programme, the three programme owners Innovation
More informationOur Vision is to Change the LANDscape of Property Ownership in South Africa by creating opportunities for the Historically Disadvantaged
Our Vision is to Change the LANDscape of Property Ownership in South Africa by creating opportunities for the Historically Disadvantaged To be the preferred supplier of Funding and Support to new black
More informationEnhancing SME Global Competitiveness
Introduction The 20 th APEC Small and Medium Enterprises Ministerial Meeting Nusa Dua, Bali, Indonesia, 7 th September 2013 Joint Ministerial Statement Enhancing SME Global Competitiveness 1. We, the APEC
More informationCHAPTER 2 TECHNOLOGY BUSINESS INCUBATORS GLOBAL SCENARIO
22 CHAPTER 2 TECHNOLOGY BUSINESS INCUBATORS GLOBAL SCENARIO The business incubators were first established in United States of America during late 1970s. Growth accelerated in 1970s and 1980s largely as
More informationThe following document will show the ongoing commitment of Junior Achievement Serbia to the Global Compact initiative and its principles.
I am pleased to confirm that Junior Achievement Serbia supports the ten principles of the UN Global Compact with respect to human rights, labour, environment and anti-corruption. We work hard to advance
More informationDedicated to shaping the state of the townships and rural areas in South Africa
Dedicated to shaping the state of the townships and rural areas in South Africa The significant participation and meaningful inclusion of the people of the township into mainstream economy of Gauteng through
More informationSri Lankan Identities in Digital view
Sri Lankan Identities in Digital view Business Development Officer Technical Advisor ILO-SIYB Master Trainer Department of Industrial Development & Enterprise Promotion- Central Province P.O.Box 63,Gatambe,
More information7. Ownership and Management of Incubators
A high-technology incubator in Belo Horizonte (Brazil) plans to develop revenue sources from consulting and other high-value services to clients also outside the incubator to reduce its reliance on rental
More informationAgribusiness Entrepreneurship
Agribusiness Entrepreneurship Anupa A Pant Private Sector Specialist apant@worldbank.org World Bank Group The Case for Innovation and Entrepreneurship Innovation and Entrepreneurship are key drivers of
More informationWhat is WaterCredit? Why is WaterCredit Needed?
What is WaterCredit? WaterCredit is an initiative of Water.org that puts microfinance tools to work in the water and sanitation (watsan) sector. It is the first comprehensive program of its kind that connects
More informationBiggart Dementia Project
Biggart Dementia Project Report 2009 / 2010 1.0 Situation 1.1 In NHS Ayrshire & Arran it has been identified that there is a need for improved education and training that supports staff in secondary care
More informationIncentive Guidelines Innovative Start-ups Scheme
Incentive Guidelines Innovative Start-ups Scheme Issue Date: 6 th May 2010 Updated: 10 th April 2014 Version: 1.2 http://support.maltaenterprise.com CONTENTS 1. Introduction 4 2. Eligibility 5 3. Incentive
More informationLatest statistics August 2015
Latest statistics August 2015 Erasmus for Young Entrepreneurs is a European exchange programme for entrepreneurs initiated by the European Union in 2009. The programme seeks to give an opportunity to new
More informationVodafone Group Plc June Our contribution to the UN SDGs
Vodafone Group Plc June 2018 Our contribution to the UN SDGs The UN Sustainable Development Goals In 2015, the United Nations launched 17 goals to end poverty, fight inequality and injustice and tackle
More informationJust For Starters: How To Become A Successful Businessman? (3rd Revised Edition)
Just For Starters: How To Become A Successful Businessman? (3rd Revised Edition) Author: NPCS Board Format: Paperback ISBN: 9789381039038 Code: NI30 Pages: 336 Price: Rs. 475.00 US$ 75.00 Publisher: NIIR
More informationANNUAL REPORT 2013/14
ANNUAL REPORT 2013/14 FOR PEOPLE LIVING WITH DISABILITIES CONTENTS Contents...2 Who we are... 3 Vision...3 Values...3 Where we are...3 Message from the Chairman...4 From the CEO s desk...5 2013 Highlights...
More informationBUSINESS INCUBATION TRAINING PROGRAM
+ INNOVATION & ENTREPRENEURSHIP BUSINESS INCUBATION TRAINING PROGRAM Training Program Overview THE WORLD BANK www.infodev.org INTRODUCTION TO THE TRAINING PROGRAM infodev (www.infodev.org) is a research,
More informationIncubation Support for Innovative Companies
Incubation Support for Innovative Companies Ndwakhulu Mukhufhi GM: Incubation and Skills Development Multi-Platform Developer Workshop TIH, Pretoria 03 October 2012 1 Presentation Layout Brief overview
More informationOur Vision is to Change the LANDscape of Property Ownership in South Africa by creating opportunities for the Historically Disadvantaged
Our Vision is to Change the LANDscape of Property Ownership in South Africa by creating opportunities for the Historically Disadvantaged To be the preferred supplier of Funding and Support to new black
More informationGuidelines for the Application to the Science, Technology and Innovation Transform Fund (IsDB-STIF)
Islamic Development Bank Guidelines for the Application to the Science, Technology and Innovation Transform Fund (IsDB-STIF) Science, Technology & Innovation (STI) Department Content ITEMS Page I. Establishment
More informationHealth Innovation in the Nordic countries
Health Innovation in the Nordic countries Short Version Health Innovation broch_21x23.indd 1 05/10/10 12.50 Health Innovation in the Nordic countries Health Innovation in the Nordic countries Public Private
More informationTERMS OF REFERENCE. remote and from Chisinau, Moldova (at least 3 business trips to Moldova for mentorship purposes) Expected duration of
TERMS OF REFERENCE Job Title: Type of Contract: Duty Station: Expected workload: Expected duration of assignment: International consultant to provide mentorship and consultative support to the selected
More informationNational Policies on Ensuring the Economic Empowerment of Women in Libya
The Voice of Libyan Women Presents National Policies on Ensuring the Economic Empowerment of Women in Libya Page1 Preface Preface Libya, a country in the midst of transition, serves as an inspiration for
More informationGuidelines on the use of statistical business registers for business demography and entrepreneurship statistics
Economic Commission for Europe Conference of European Statisticians Sixty-sixth plenary session Geneva, 18 20 June 2018 Item 4(f) of the provisional agenda Entrepreneurship statistics Guidelines on the
More informationMission, Vision & Core Values:
Mission, Vision & Core Values: I(a)Mission: To create and nurture an overall enabling environment for the development of entrepreneurship in the State of Jammu and Kashmir. I (b) Vision: To create, maintain
More informationEnterprise Northern Ireland Response to Committee for Enterprise, Trade and Investment:
Enterprise Northern Ireland Response to Committee for Enterprise, Trade and Investment: Developing a Co-Ordinated Programme for Retail Incubation in Northern Ireland Dr Caroline O Kane 2014 A g h a n l
More informationGetting Started in Entrepreneurship
Topic 2 Getting Started in Entrepreneurship LEARNING OUTCOMES By the end of this topic, you should be able to: 1. Explain the meaning and concepts of entrepreneurship and entrepreneurs; 2. Describe the
More informationIntroduction to crowdfunding
Introduction to crowdfunding Introduction to crowdfunding Welcome to the MyParkScotland crowdfunding resource. This is the first of five information and work sheets the other resources are: running your
More informationEY Darden Master Class Programme
EY Darden Master Class Programme Entrepreneurship: Creating, Leading, Transforming 25 27 September 2017 Programme 25 September 10:30am 6:00pm 26 September 8:30am 6:00pm 27 September 8:30am 3:30 pm Alumni
More informationTERMS OF REFERENCE CREDIT MARKET DEVELOPMENT PROGRAMME PROJECT MANAGER
TERMS OF REFERENCE CREDIT MARKET DEVELOPMENT PROGRAMME PROJECT MANAGER 1. Introduction FSD Africa is seeking to hire a Project Manager on a retained part-time basis to assist in the implementation of its
More informationFinal Report January 16 February 3, 2012
SUMMITS OF THE AMERICAS VIRTUAL COMMUNITY Washington, DC OEA/Ser.E CVC/FV-6/12 08 February 2012 Original: Spanish "Virtual Dialogue: "Ideas of impact: innovation of youth and their contribution to the
More informationPETCO & Informal Sector. Cheri Scholtz 8 th October 2015
PETCO & Informal Sector Cheri Scholtz 8 th October 2015 Agenda How we do it (Informal, SMME and Co-operatives ) A successful example of each Summary of the progress Challenges Success Factors How it is
More information1. (a) In the case of a natural person, please provide the following: First name(s): Identity number:
251 Fox Street JOHANNESBURG 2001, SOUTH AFRICA Entrance: Cnr Greene & Main Streets (Jewel City) P. O. Box 16001, Doornfontein 2028 South Africa Tel (011) 223 7000 Fax (011) 334-8898 info@sadpmr.co.za Form
More informationEntrepreneurship Education in Ethiopia. Seizing the Opportunities of RES in Africa
Entrepreneurship Education in Ethiopia. Seizing the Opportunities of RES in Africa This paper has been prepared by: Roberto Dandi, Chiara D Alise, Cristina Gasparri - LUISS Guido Carli University Abstract
More informationBudget. Stronger Services and Supports. Government Business Plan
Budget Stronger Services and Supports Government Business Plan Message from Premier Stephen McNeil I am pleased to share the 2018 19 Nova Scotia Government Business Plan. This document provides an overview
More informationPRUDENCE CONSTANCE JANUARY. submitted in accordance with the requirements for the degree of MAGISTER TECHNOLOGIAE. in the subject PUBLIC MANAGEMENT
THE EVALUATION OF THE ENTREPRENEURIAL SEED FUND PROGRAMME: THE CASE OF THE CAPE WINELANDS DISTRICT MUNICIPALITY by PRUDENCE CONSTANCE JANUARY submitted in accordance with the requirements for the degree
More information