In­dia-Africa en­tre­pre­neur in­cu­ba­tion cen­tre to open in Septem­ber

Chronicle (Zimbabwe) - - Business - Bianca Mlilo Busi­ness Re­porter

THE $1 mil­lion state-of-the-art In­di­aAfrica In­cu­ba­tion Cen­tre in Harare to train en­trepreneurs in var­i­ous busi­ness ar­eas will start op­er­at­ing next month.

Small to Medium En­ter­prises (SMEs) and Co-op­er­a­tive De­vel­op­ment Min­is­ter Sithembiso Ny­oni said the ren­o­va­tions on the work­shop and of­fices at a build­ing bought by the Gov­ern­ment in Wa­ter­falls in­dus­trial area where the in­cu­ba­tion cen­tre is lo­cated has been com­pleted.

It is be­lieved the cen­tre would go a long way to­wards the pro­vi­sion of equip­ment and tech­ni­cal ex­per­tise, which SMEs re­quire.

“On the 1st of Septem­ber we’ll be launch­ing what we call the vir­tual in­cu­ba­tion sys­tem whereby we’re go­ing to se­lect be­tween 20 and 50 best SMEs from each prov­ince and they will work with part­ners that we’ve iden­ti­fied,” she said.

The in­cu­ba­tion sys­tem is a con­cept in which en­trepreneurs and po­ten­tial en­trepreneurs are trained in a busi­ness area of their in­ter­est on dif­fer­ent pe­ri­ods of time rang­ing be­tween three to 18 months depend­ing on the com­plex­ity of each par­tic­u­lar line of busi­ness.

Upon suc­cess­ful com­ple­tion of train­ing, the grad­u­ates would be as­sisted with fund­ing to en­able them to pro­cure their own ma­chin­ery and ven­ture into busi­ness.

“We’ll se­lect the best 50 that we are go­ing to in­cu­bate for growth and their prod­ucts would be chal­lenged into the main­stream econ­omy and for ex­ports.

After that, when they are able to stand on their own, we’ll then take an­other group of 50,” Min­is­ter Ny­oni said.

The cen­tre is ex­pected to house 26 dif­fer­ent man­u­fac­tur­ing tech­nolo­gies rang­ing from food, elec­tri­cal ac­ces­sories and con­struc­tion.

Bu­l­awayo Cham­ber of SMEs chair­per­son, Mr En­ergy Ma­jazi said in­cu­ba­tion cen­tres play an im­por­tant role in en­sur­ing ap­pro­pri­ate work­sta­tions for the emerg­ing en­trepreneurs.

“We’re quite aware that a na­tional in­cu­ba­tion cen­tre is on the cards but I can’t di­vulge more in­for­ma­tion per­tain­ing to that. We, how­ever, have small in­cu­ba­tion cen­tres at provin­cial level,” he said.

“These are help­ful in the sense that they have rea­son­able rentals and one is guar­an­teed of a long du­ra­tion at that par­tic­u­lar work­sta­tion.”

He said in­cu­ba­tion cen­tres also go a long way in en­sur­ing the growth of SMEs.

“If one is to be housed in an in­cu­ba­tion cen­tre, it gives them an op­por­tu­nity for recog­ni­tion by var­i­ous stake­hold­ers and their busi­nesses will be eas­ily ac­ces­si­ble.

“As the cham­ber of SMEs, we can come in by sourc­ing items to as­sist in run­ning en­trepreneurs busi­ness at no cost.

“Through work­ing with the lo­cal au­thor­i­ties, we also en­able those SMEs housed at in­cu­ba­tion cen­tres to build their own fac­to­ries,” he said — @Bian­caMlilo.

Small to Medium En­ter­prises and Co-op­er­a­tive De­vel­op­ment Min­is­ter Sithembiso Ny­oni

Newspapers in English

Newspapers from Zimbabwe

© PressReader. All rights reserved.