What is the Awethu Project?
Awethu is a specialist SMME investment company that supports entrepreneurs – from spaza shop owners to black industrialists to white-owned businesses aiming to transform.
Who does it fund?
One pillar of Awethu’s offering is aimed at early-stage, micro businesses entrepreneurs that need practical training, mentorship and investment to start or grow a small business. The next intake is scheduled for April 2017.
Awethu offers a five-month business incubator mentorship programme for anyone who qualifies to be a part of the programme. The programme offers R45 000 worth of training.
The programme includes:
- 22 weeks of personalised mentorship and training;
- Real-life practical advice and activities to grow your business;
- Group coaching with fellow entrepreneurs and relevant networking; and
- Access up to R5 000 in kick-starter funding at the beginning of the incubator.
The syllabus includes modules such as: market research, financial management, cash management, recruitment, operations management, business communication, risk management, business numeracy, decision making and negotiation.
The learning curriculum is designed so that 10% is structured, 20% is social learning through feedback and coaching from others, and 70% is workplace learning.
- If you start-up a new business, it needs to be trading within six weeks in order for you to remain in the programme;
- You must be based in Johannesburg.
Fill in the online application form now to get onto their database. Awethu will email you when the selection process starts again in 2017.
If you qualify, you will be sent an invitation via email (check your spam folder) to attend one of the weekly Launch Pad events in Johannesburg.
You will be interviewed and successful applicants will enter into the five-month mentorship and training programme.
Visit the website.