The Riversands Incubation Hub is a successful public-private partnership between Century Property Developments Proprietary Limited and The Jobs Fund.
The Riversands Incubation Hub NPC was registered as an NGO in April 2014, the organisation was founded to serve the needs of black-owned small businesses, develop skills and catalyse entrepreneurial activity.
The beneficiaries of the Riversands Incubation Hub (NPC) include the incubatees, participants in other programmes and the broader community who benefit from the many training and partner programmes offered at and through the incubator.
An operational service level agreement exists between the Riversands Incubation Hub NPC and the Riversands Industrial SMME Trust.
The Riversands Industrial SMME Trust was formed in September 2013.
The Incubator’s land and buildings are owned by Century Property Developments Proprietary Limited. A 24 years minimum, extendable lease agreement exists between Century and The Riversands Industrial SMME Trust. There is no lease amount charged in the lease as part of Century’s commitment to the project. Movable property and equipment is owned by the Riversands incubation Hub NPC.