Published on April 7th, 2016 | by0
Local Chamber Launches Entrepreneur Programme
The competition will be rolled out in KZN through eight regional Chambers of Commerce, with three Chambers presenting the competition for the first time, including the Ladysmith Chamber of Commerce
The entrepreneur competition for the Uthukela District was launched on Monday night at the Ladysmith Country Club.
In support of the small business development component of the KZN Economic Council’s Social Accord Implementation Framework, the KwaZulu-Natal Business Chamber Council (KBCC) is launching the Entrepreneur 2015 competition.
It is the second year that the competition and the accompanying training programme will be presented jointly by the KZN Department of Economic Development, Tourism & Environmental Affairs (EDTEA) and the private sector on an equal cost-sharing basis.
The competition will be rolled out in KZN through eight regional Chambers of Commerce, with three Chambers presenting the competition for the first time, including the Ladysmith Chamber of Commerce.
The programme also forms part of the KZN provincial government’s youth entrepreneurship programme.
The entrepreneur programme was initiated by the iLembe Chamber with the aim of identifying and providing entrepreneurs and owners of micro-businesses with a grounding to develop their businesses to a sustainable level. The focal point of the programme is knowledge and skills transfer, and ongoing mentoring and guidance. The iLembe programme has been refined since its launch in 2011 and is now a widely endorsed programme with national recognition.
Programme participants are exposed to intensive business modelling, both through tuition and practical application, co-designed by the University of KwaZulu-Natal and USA-based Massachusetts Institute of Technology (MIT).
The KBCC competition will be programme managed by the iLembe Chamber on behalf of the KBCC.
Programme participants are supported through mentorship by Chamber-accredited mentors with invaluable business experience. At the end of the programme, the contestants will be equipped with a business plan to serve as a guide to managing and developing sustainable businesses. Participants will receive a Certificate of Attendance of this UKZN/MIT endorsed programme.
Participants will also receive a monetary contribution towards their business’ marketing and CI, and will be offered the opportunity to showcase their businesses at individual Chamber exhibitions. The winners from each participating Chamber will compete at provincial level at the KBCC Entrepreneur event towards the end of this year.