The Small Business Development and SEDA have unrolled the Gibela Business Incubator located at Kwa-Thema Business Park in Springs, Ekurhuleni, Gauteng.

The incubator provides an enabling environment for small, medium and micro enterprises (SMMEs) to grow and become sustainable through the provision of affordable space, business support and the facilitation of market opportunities.

The Gibela Business Incubator is a result of a partnership between the Gibela Rail Transport Consortium, the City of Ekurhuleni and the Small Enterprise Development Agency (Seda).

The incubator provides business and technical development services to qualifying entrepreneurs and small businesses operating in Nigel, Kwa-Thema, Duduza, Tsakane and the greater Ekurhuleni area – with a view to mitigating the risk of failure in the early stages of startups.

The incubator’s impact is evidenced by the imminent recognition of five SMMEs across various sectors. These businesses are poised to receive certificates acknowledging their successful completion of the three-year program. Throughout this journey, they have achieved significant milestones in business development, including market readiness and self-sustenance.

The Gibela Business Incubator is one of the 110 incubators and hubs supported by Seda. It advances the Department of Small Business Development’s mandate to lead and coordinate an integrated approach for the promotion and development of entrepreneurship, SMMEs and co-operatives, and to ensure an enabling environment to support their growth and sustainability.

SOURCE: BIZCOMMUNITY