The New Economy Accelerator (NEA) has announced its second intake of entrepreneurs on its 10-month investment readiness incubation programme, commencing in February 2017.
This year, the NEA is focused on supporting enterprises that will transform rural economies in South Africa. A total of 12 start-ups have been selected.
The selection was preceded by an intensive three-day bootcamp, to determine the fit of the etrepreneurs for the programme. “The aim of the NEA is to identify committed social entrepreneurs with innovative businesses that have high potential to transform rural economies in South Africa and the continent.
Rural economies are critical for driving social transformation, yet face significant challenges resulting in high levels of youth unemployment and food insecurity. The NEA aims to promote inclusive business models that will help create opporuntities in rural economies to rejuvenate the sector”, says Dr Mao Amis, Convenor of the New Economy Accelerator.
“Women make a third of the intake and the majority are youth under the age of 35 years. We are delighted about that, because women continue to be under-represented in entrepreneurial development programmes and in many sectors of the economy” he adds.
The entrepreneurs are building innovative solutions for various challenges such as nutrition and sustainable agriculture, renewable energy, digital inclusion and waste management amont others.
Details about the enterprises can be found below or click to view profiles:
Akwande Farm (a business idea at this stage) will be a project built around highly successful business and development training of skilled and semi-skilled staff in the hydroponics, livestock farming, dairy farming, aquaponics farming, food processing, alternative energy (bio energy) production. The project’s aim is to carry out intensive and high turnover production, off a small area, while providing work and leadership experience for locals. The business venture is not yet operational.
Agriculture (skills training)
Offers training and mentorship to emerging farmers. Also, sells agricultural products to farmers. Some aspects of the business are operational. The owner of the business previously worked in the agricultural sector.
online retail platform
Digiticket is an online ticketing solution which caters for internet and transactional solutions such as tickets for events, restaurant meal tickets, accommodation, travel, voucher coupons, and membership card access coupons. The app is also used to market and book for events. The company began trading in January 2016.
Renewable Energy Products
The company is a renewable energy supplier that specializes in the installation of renewable energy products like street solar lights, water heaters and invertors among others. They are also seeking to promote energy access for numerous communities that lack access to the main grid in rural areas of South Africa.
Adventure Events Management – events management.
The company organises family-oriented and alcohol-free outdoor events. Products on offer include go-karting, paintball, obstacle courses and quad biking.
Lamo Fuel Primary Cooperative
The company produces biofuel from sunflower oil seeds. Has already developed prototypes. The owner is a biochemist. The venture is not yet operational.
Farming (Egg retailer)
The company promotes nutrition and income generation in rural areas through poultry farming. Their main products are locally and ethically produced eggs and chicken supplied to communities in its area of operations.
Health & Wellness
The business is focused on educating the community about nutrition, with a special focus on schools. It also consults to private clients.
Property Management – Student Accommodation
The enterprise plans to provide rental accommodation for students using reusable shipping containers. The target market is the local TVET collage in Kuruman, which draws students from neighbouring towns. The venture is not yet operational.
Tebatso African Eco Spa
Health & Wellness
A sanctuary rooted in the use of authentic African methods and rituals to achieve healing and wellbeing, with the use of locally-sourced natural products. The spa also offers local cultural tours and the whole sanctuary is based on an African philosophy that the body, mind and spirit are one.
Thebe-Ya-Setshaba Investment Holdings
The business is a waste management centre. Operations include the storage and re-purposing of tyres.
The broad objective of the NEA Programme is to identify SMMEs in South Africa with a high potential for social and environmental impact; and provide them with the necessary support and development assistance. The programme seeks to activate local economies in South Africa to build an inclusive and prosperous society.
The NEA is wholly-owned by the African Centre for a Green Economy (AfriCGE).
For further information and for interview opportunities with Dr. Amis, please contact:
African Centre for a Green Economy
Tel 021 713 4390