DINEO TSAMELA: Business incubators help entrepreneurs hatch that bright idea
For many entrepreneurs starting out, having a support system to protect and grow your business is essential. Incubator spaces have become the norm. These are programmes run to help foster entrepreneurship by providing various forms of support. You can think of them as business schools for new entrepreneurs. They often provide three basic pillars: • Office space: a lot of incubators offer entrepreneurs an organised working space with resources. This is useful if you don't have the funds to rent an office. • Access to investors and funding: incubation spaces are ideal for entrepreneurs seeking funding. An incubation programme can be the key to giving you the small push you need to take you from where you are to where you need to be - or, at the very least, helping you get on the right path. • Mentorship: entrepreneurs will have access to mentors who will help them straighten out their strategy, interrogate business ideas and build reliable business models to ensure that ideas are alig...
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