How can corporates participate?
If a company already supports an existing SME – could that SME be included in the Hub?
Yes, we encourage participation by SMEs that are already in an existing supply chain. We will provide support services, business training and mentoring support to this SME. In addition, we will work with you to provide opportunities to expand your SME supplier base.
How is the Hub funded?
The Hub, an NGO, was established in 2014 through a partnership between Century Property Developments and The Jobs Fund.
In the interests of sustainability the Hub has diversified revenue streams:
- Enterprise and supplier development funding (ESD)
- Grants and donations
- Hiring of facilities for conferences, training and events
- Subsidised rental of factory, office and retail spaces
- Rental of partner offices and hot desks
How do I apply to become an SME in the incubation programme?
If you own an existing business, please complete the application form here.
If you considering starting a new business, please complete the application form here.
Applications are divided into three streams, depending on the maturity of the business. Read more about the three programmes that we offer
What are the benefits of incubation?
What criteria do you consider for incubation?
Our emphasis is on SMEs which fulfil a real corporate or business market demand. The goal is to attract SMEs that will provide goods and services at quality and price levels that make them an asset to any company supply chain.
We apply the following criteria for inclusion in our incubation programme:
- Majority black-owned business (51% or more)
- Viability and potential for growth
- Economic opportunity created for surrounding area
- Entrepreneurial characteristics; capacity to execute
- Fit to Hub
- Ratio of cost and risk to benefit
What types of industries will be accommodated in the Hub?
We don’t place restrictions on the type of industry represented in the hub. However, we do favour demand-driven sectors with an emphasis on businesses classified as:
- Light industrial and manufacturing
- Technical and artisan services
- Agro-processing and selected agriculture
- IT and media
- Service industries
Must SMEs in the programme be 100% black-owned?
No, the SMEs must be majority (51%) black-owned. The level of black ownership is one of the criteria we weigh up when considering an application.
Are SMEs from areas outside Diepsloot eligible for incubation?
We welcome applications from any majority black-owned business regardless of where they are currently situated.
What size SMEs will be selected for participation in the Hub?
A combination of small and micro enterprises will be selected. The size of the business is not as important as its sustainability and potential for growth. Start-ups will be considered after a thorough assessment of the business plan and evaluation of the entrepreneur.
What are the rentals and costs associated with Hub participation?
Rentals are heavily subsidised during the incubation period of three years. Consumables, such as electricity, are charged on a cost recovery basis only.