* This article was originally published in TFM Magazine and is republished here with the expressed permission of TFM Magazine. Enter the Funnel At the heart of pressure felt in Preferential Procurement is the demand for ‘Black’ owned Empowering Suppliers to provide goods and/or services, in very specific or specialised procurement categories, compared to those currently supplying such goods and/or …
South African Business Incubation Programmes
The best definition of a business incubator we have found is that of Allen and Rahmen (1985) which states: “The universal purpose of a business incubator is to increase the chances of a firm surviving its formative years, but the business incubator also adds value by maximizing the firms’ growth potential.” The South African marketplace has a significant Business Incubation market. Much of this …
Conversations with June Lavelle (Part 2) – Business Incubator Sustainability
This is the second part in a series on relating to Business Incubator sustainability (Click here for part one). During this part the author June Lavelle explains what is meant by incubator sustainability as well as discusses the Development phase and the Mature Incubation Phase in more detail. b) Development Phase This period contains a number of different phases of development …
Conversations with June Lavelle – Business Incubator Sustainability (Part 1)
This is the first of two articles business incubator sustainability. The work in this series has been authored by June Lavelle. During coming months we will have further discussions with Ms. Lavelle relating to various aspects of business incubation. Ms. Lavelle was among the first to spearhead the small business incubator concept: she developed the business plan, raised $1.7 million …