Riversands Incubation Hub Jenny Retief

November 2018

Vital statistics • 50% of urban population lives in townships• Diepsloot has a R2 billion economy• Unemployment is rife – no industrial areas

World Bank 2014

A Better Home for Small Business

Range 50m2 – 200m2

Flexible lease terms

Ease of access

The Incubation Landscape

“The bottleneck is never code or creativity; its clarity.”

Scott Berkum, writing about the success of WordPress

(20% of the internet uses WordPress)

Lessons Learnt

Flexibility & Agility

The

The Tough Line = Better Decisions

Less Control & More Organic

Help Those Who Help Themselves

See Beyond the Stereotype

How Government Can Support Small Business

A Public-Private Partnership

1. Don’t create entrepreneurs

2. Believe in fundable talent

3. Act faster

4. Cut red tape

5. Cut red tape

anti-competitive cultures, unfair taxation on small firms, unnecessary “red tape” or lack of access to markets, skilled employees or investment capital.

My Advice to Entrepreneurs

Learn as you go & actively manage your risk

THANK YOU