New scale up programme offers local entrepreneurs international exposure
The SA SME Fund is partnering with entrepreneur incubator Endeavor SA to boost the growth of successful entrepreneurs both locally and internationally.
This will stimulate the South African economy and jobs market said fund chair Adrian Gore (Discovery CEO) at the launch of the Local Scale Up (LSU) programme on Thursday,
"Smart entrepreneurs know that cycles come and go, and that the best time to invest and build is when times are tough. When others are distracted and ambivalent, opportunities are underpriced."
The LSU programme is aimed at "high-impact" entrepreneurs.
Bruce Whitfield finds out more from Lisa Klein, board member of the SA SME Fund.
We want to accelerate their growth both locally and globally.Lisa Klein, Board member - SA SME Fund
Part of the fund's mandate is to stimulate entrepreneurship and we've done so primarily through fund-to fund and investing over R1.2 billion in a variety of funds.Lisa Klein, Board member - SA SME Fund
But one of the key parts of our mandate is also developing a broader entrepreneurial ecosystem and the LSU programme is part of that mandate and it's very exciting!Lisa Klein, Board member - SA SME Fund
How do you know if you qualify as a "high-impact" entrepreneur?
These are individuals who have a great track record, generally in high-tech or tech-enabled businesses says Klein.
Endeavour is a global organisation and provides entrepreneurs with "a leg up" in raising capital, in selling and in mentorship.
An organisation like this curates introductions. It almost re-creates serendipity - where you bumped into someone in a coffee shop and it led to an amazing partnership.Lisa Klein, Board member - SA SME Fund
It helps scale these already successful businesses into global, international businesses.Lisa Klein, Board member - SA SME Fund
She cites local tech whizz Melvyn Lubega (Go1) as an example of an Endeavour entrepreneur.
Through his Endeavour journey he was introduced to a variety of different networks; he had a lot of mentors...Lisa Klein, Board member - SA SME Fund
Read more about Endeavor's model here and listen to the interview with Klein below:
Source : https://previews.123rf.com/images/andreypopov/andreypopov1808/andreypopov180800071/105800790-young-businessman-giving-presentation-to-his-colleagues-in-office.jpg
The Money Show's Bruce Whitfield interviews serial entrepreneur Nic Haralambous.Read More
"Affordable classics have grown for the last seven years – even last year," says John Tallodi of Classic Car Passion South Africa.Read More
Bruce Whitfield follows up with Sweet Dreamz' Tyrel Painczyk after UIF rep says claimant cannot enlist help of professionals.Read More
Benjamin Trisk left Exclusive Books under a cloud of allegations in 2018. The Money Show interviews current CEO Grattan Kirk.Read More
A Kenyan steel billionaire has stepped in to pledge free oxygen for Covid patients, says Chris Bishop (Billionaire Tomorrow).Read More
Reserve Bank stats show SA household wealth rose in 2020 despite Covid. But this obviously applies to a minority says Kevin Lings.Read More
Vaccinating entire populations against Covid-19 will more than pay for itself, according to the IMF.Read More
"Countries a lot poorer than us, with far less infrastructure than us; they’re sitting at around R40/GB," says Sam Wright.Read More
In a heated exchange, UIF's Allan Ragavaloo tells Bruce Whitfield it's illegal to use a professional company to help with a claim.Read More
Attacks in Cabo Delgado have halted lucrative natural gas projects. The Money Show interviews economist Gerrit van Rooyen (NKC)Read More
Former Springbok Kobus Wiese is recovering from a heart attack that occurred last week.Read More
A group of homeless people have launched a court bid to have several City of Cape Town municipal by-laws declared unconstitutional and discriminatory.Read More
SAPS says EFF MP Mbuyiseni Ndlozi is not a suspect in a rape case that's being investigated by Gauteng police.Read More
Organiser Fadiel Adams believes this is a smear campaign by the City of Cape Town using taxpayers' money in this court action.Read More
Eyewitness News reporter Lizell Persens says the paramedics confirmed that Tembe was alive when they arrived, but then died.Read More
A study conducted in Israel suggests that the Pfizer vaccine may be less effective against the Covid-19 variant first found in South Africa.Read More
Paul Kruger of the local neighbourhood watch says authorities have failed to catch these racers in the act.Read More
The Judicial Conduct Tribunal has unanimously found Western Cape judge president John Hlophe guilty of gross misconduct.Read More
Dr. Sindi van Zyl is being remembered for her kindness and her endless generosity.Read More
Denzel Swarts is the founder of a leadership foundation called Son of the Soil which aims to inspire other farm children to dream big.Read More
A powerful stop-motion animation short film, produced by Humane Society International, raises awareness about the cruelty of animal testing.Read More
This goosebumps video by Lux sends a powerful message as the athlete fights to compete in the 800m race in the 2021 Olympics.Read More
"The Economist projects that most Africans will only receive full vaccinations by the end of 2023," warns Doctors Without Borders.Read More
Musk increased his astounding wealth by R1.8 trillion in the past year, according to Forbes' World’s Billionaires list.Read More
Researcher and epidemiologist Dr. Jody Boffa says a low-cost Covid-19 vaccine could be a gamechanger in the fight against the global pandemic.Read More
A man in the Philippines has died after he was physically punished for breaching the curfew in the city of General Trias.Read More
"They added an inverted cross, a pentagram, and the words 'Luke 10:18'. They put human blood in the sole," says Barbara Friedman.Read More
GovChat's been granted interim relief against removal from Whatsapp. Facebook's strategy is not new says GovChat's Eldrin Jordaan.Read More
The United Kingdom is taking its first cautious steps in opening up. "We can play sport again!" says Adam Gilchrist.Read More
A massive container ship that has had the busy channel blocked for days has been refloated and will hopefully be on its way soon.Read More