Entries open for 2021 Social Entrepreneurship Impact Lab

Entrepreneurs who are solving social, economic and environmental challenges with their businesses are invited to enter into the 2021 Social Entrepreneurship Impact Lab (SEIL) programme.

The programme is hosted by Fetola and FNB has recently partnered with the business growth specialists to deliver the programme for a second year running.

The purpose of the programme is to assist entrepreneurs who are looking to scale their businesses and improve their investment prospects.

The programme takes place over two phases with a starting group of 50 entrepreneurs. The first phase, which runs for 12 months, offers targeted and practical business growth support. There after, 20 entrepreneurs will be selected to participate in a six-month phase in which they will receive investment readiness support.

Should this sound like something your business would benefit from you will need to meet the following requirements in order to enter:

  • Is at least 51 percent black owned with annual turnover not exceeding R10 million
  • Offers a market-ready product or service that delivers positive social impact
  • Is scalable and has job creation and growth potential
  • Is a registered enterprise run on for-profit principles
  • Operates within South Africa’s borders
  • Has a proven track record including market traction
  • Focuses on high-impact sectors such as water, energy, waste, food security, education, or technology, and
  • Has a BIG vision for the future.

If that sounds like your business head to the Fetola website and submit your application. Applications are open as of today and close on 24th November.

“We know what a challenging time this has been for all South Africans and particularly small businesses, and we were really impressed with the resilience shown by some of the entrepreneurs, who were able to pivot their businesses and find new opportunities in the midst of volatile conditions. That’s the mindset – entrepreneurial, resilient, and innovative – that we want to build through the SEIL Programme,” says head of enterprise development at FNB Business, Heather Lowe.

[Image – CC 0 Pixabay]


About Author


Related News