Shanduka Black Umbrellas (SBU) works with partners in the private sector, government and civil society to address the low levels of entrepreneurship and high failure rate of 100% black-owned emerging businesses in South Africa. The initiative strives to promote entrepreneurship as a desirable career choice by building the profile of existing entrepreneurs as role models through our media, networking and public relations activities.
Shanduka Black Umbrellas nurtures qualifying 100% black-owned businesses in the critical first three years of their existence by providing incubators that have office infrastructure, professional services and a structured mentorship programme at a highly subsidised rate. Incubators have been opened in Cape Town, Johannesburg, Pretoria and, most recently, Durban.
Based on its experience in the incubation sphere, the SBU offering includes a pre-incubation programme that assists applicants to assess the viability of their business opportunity and existing businesses to formulatea strategic development plan before committing to full incubation. It has also intensified its reporting requirements in all phases of the programme to ensure its deliverables are closely monitored. Businesses are actively developed in the first three months of full in incubation to help them become finance, procurement and network ready.
The organisation also promotes procurement opportunities for 100% black-owned businesses through the publication of blackpages. The publication is in its third edition, listing more than 1,300 small, medium and micro enterprises (SMMEs). Over 400 of the current listings have been certified as BEE-compliant suppliers of goods and services.
In the long-term, SBU aims to open 10 incubators in South Africa to support an average of 50 SMMEs per incubator, with each SMME remaining with the programme for a maximum of three years. It aims to ensure that at least half of the SMMEs joining SBU become sustainable within the three year period. It hopes to support SMMEs that together generate R3.6 billion in turnover and create 7,300 jobs over a 10 year period.
Visit the Shanduka Black Umbrellas website
http://www.blackumbrellas.org/
Shanduka Foundation
When the Shanduka Foundation was launched in 2004, Shanduka Group made a commitment to spend R100 million on corporate social investments over ten years.
Read more >>News Releases
Shanduka Black Umbrellas
24 February 2011
Shanduka Black Umbrellas (SBU) works with partners in the private sector, government and civil society to address the low levels of entrepreneurship and high failure rate of 100% black-owned emerging businesses in South Africa. The initiative strives to promote entrepreneurship as a desirable career choice by building the profile of existing entrepreneurs as role models through our media, networking and public relations activities.
Shanduka Black Umbrellas nurtures qualifying 100% black-owned businesses in the critical first three years of their existence by providing incubators that have office infrastructure, professional services and a structured mentorship programme at a highly subsidised rate. Incubators have been opened in Cape Town, Johannesburg, Pretoria and, most recently, Durban.
Based on its experience in the incubation sphere, the SBU offering includes a pre-incubation programme that assists applicants to assess the viability of their business opportunity and existing businesses to formulatea strategic development plan before committing to full incubation. It has also intensified its reporting requirements in all phases of the programme to ensure its deliverables are closely monitored. Businesses are actively developed in the first three months of full in incubation to help them become finance, procurement and network ready.
The organisation also promotes procurement opportunities for 100% black-owned businesses through the publication of blackpages. The publication is in its third edition, listing more than 1,300 small, medium and micro enterprises (SMMEs). Over 400 of the current listings have been certified as BEE-compliant suppliers of goods and services.
In the long-term, SBU aims to open 10 incubators in South Africa to support an average of 50 SMMEs per incubator, with each SMME remaining with the programme for a maximum of three years. It aims to ensure that at least half of the SMMEs joining SBU become sustainable within the three year period. It hopes to support SMMEs that together generate R3.6 billion in turnover and create 7,300 jobs over a 10 year period.
Visit the Shanduka Black Umbrellas website
http://www.blackumbrellas.org/
Gallery
Read more >>