GIBS Enterprise Development Academy (Scholarships Available)

The Gordon Institute of Business Studies (GIBS) has an exciting opportunity for business owners in the manufacturing and green economy sectors and a supplier development programme. The opportunity is aimed at being accessible to those that would not usually be able to afford it. GIBS explains the model as follows:

GIBS provides high quality business education and support services for small and growing businesses that create and demonstrate social and economic impact. To ensure that this education and support is accessible to those who would not ordinarily be able to afford it, the Academy works primarily on a scholarship-based model. This is made possible through the generous contribution of public and private sector partners committed to enterprise development.

Details of the programme are outlined below. All the details are on the GIBS Website. Click Here.
Below you can find an overview of what is being offered.
Click her for green economy details.
Click here for Supplier Development Programme

Small Business Boost Programme – applications open

Entrepreneurship education for those in the green economy
August – November 2016

The Small Business Boost Programme, funded by J.P. Morgan, aims to promote small business growth and job creation for those involved in providing solutions for the green economy. The programme will provide four months of business and management education and six months of support services to 100 small businesses in Gauteng. It seeks to empower entrepreneurs with the knowledge, skills and resources to grow in this niche sector.
The programme is funded by J.P. Morgan. A refundable commitment fee will be charged for participants. There are two days of classes every second week for four months followed by six months of support services. Classes start in August and end November 2016, after which the six month support services ensue.
How you will benefit:
• Foresee and address challenges faced by businesses in this niche sector;
• Communicate and market the value of your solution;
• Anticipate and manage change better;
• Navigate the supply chain of big businesses;
• Approach financing for growth using unique modelling techniques relevant to the sector;
• Learn how to overcome challenges using cutting-edge business management strategies relevant to the sector; and
• Identify strategic growth opportunities that exist across the rest of the continent.
In order to apply, entrepreneurs must fulfil the following criteria:
• Operate within the manufacturing/green-economy sector in Gauteng;
• Have been in operation for at least one year;
• Have an annual turnover of between R200 000 R20 million;
• Employ at least three people; and
• Work in the business full-time and have minimum 35% shareholding.
Programme Methodology
Four months of business training (four days per month) on the subjects of business modelling and planning, marketing, finance, operations management, leadership skills and new business development as is relevant to the green economy;
Six months of support services, including: monthly mentorship sessions and coaching circles, access to capital through financing partnerships, networking events, access to new markets and peer learning opportunities;
Field visits, soft skills workshops, and entrepreneur guest lectures; and
Four dialogue events with the manufacturing/green economy sector to share perspectives on sector challenges.

Transnet GIBS Supplier Development Programme

 Entrepreneurship education for those in  manufacturing  /  engineering / processing businesses
June – September 2016

Transnet has partnered with GIBS Enterprise Development Academy to deliver their Transnet GIBS Supplier Development Programme –    a 10-month business management scholarship at GIBS which is specifically focused for manufacturing/engineering/processing businesses.
 A commitment fee of R1,500 per candidate will be required upon acceptance onto the Manufacturing/Engineering/Processing programme and will be refunded upon successful graduation.
Content covered during this programme:

  • Leading oneself/Personal Mastery;
  • Entrepreneurship & Innovation;
  • Creative Thinking & Strategy;
  • Business Model & Business Plan Overview;
  • Financial Strategy and Financial Management;
  • Compliance, Governance & Taxation;
  • Marketing, Sales & New Business Development;
  • Negotiation Skills;
  • Leading Others and Leading an Organisation; among other modules

In order to apply, entrepreneurs must fulfil the following criteria:

  • Own and run a manufacturing/engineering/processing business
  • Earn an annual revenue of  at least R200,000 (total sales in one year)
  • The business must show growth potential
  • The entrepreneur must have at least a matric but this may be assessed on a case-by-case basis
  • The business must be trading for at least 1 year

Programme structure:
4 months of academic sessions focused on successfully running and managing an SMME (two consecutive classroom days every two weeks)
6 months of support services (coaching, mentoring and additional workshops).
Remember : All the details are on the GIBS Website. Click Here.

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