MEDO
MEDO

DTI Incubator Support Programme

The MEDO ICT Incubator – the first youth incubator in the Department of Trade and Industry’s Incubator Support Programme – was launched with great fan-fair on the 11th of November this year by Trade and Industry Minister, Dr Rob Davies. The MEDO ICT Incubator – the first youth incubator in the Department of Trade and Industry’s Incubator Support Programme – was launched with great fan-fair on the 11th of November this year by Trade and Industry Minister, Dr Rob Davies.

Minister Rob Davies opens MEDO Youth ICT Incubator in Maboneng Precinct, Johannesburg

MEDO-Youth-ICT-Incubator-Launch-Cutting-Ribbon

Minister Rob Davies cuts the ribbon to our Maboneng ICT incubator

Speaking at the event, which also marked the launch of the dti’s youth enterprise development strategy Davies said: “We need to expand the public sector measures and youth must be targeted with set asides in all sectors”. With the view that incubation yields results, the dti launched the Incubator Support Programme (ISP) in 2012 in a move to provide support and grow sustainable entrepreneurial businesses in various industry sectors in South Africa. With the view that incubation yields results, the dti launched the Incubator Support Programme (ISP) in 2012 in a move to provide support and grow sustainable entrepreneurial businesses in various industry sectors in South Africa.

At the time, the Minister hailed it as “one of the best platforms that a country can use to promote broader economic participation, uplift the country’s entrepreneurial base and encourage start-up activities.” At the time, the Minister hailed it as “one of the best platforms that a country can use to promote broader economic participation, uplift the country’s entrepreneurial base and encourage start-up activities.”

By promoting the incubators, the dti has been encouraging private sector partnerships with Government in an effort to develop effective small businesses. In May this year, MEDO was awarded the first two incubators in the country and proudly launches the ICT industry’s very first sector-specific incubator. By promoting the incubators, the dti has been encouraging private sector partnerships with Government in an effort to develop effective small businesses. In May this year, MEDO was awarded the first two incubators in the country and proudly launches the ICT industry’s very first sector-specific incubator.

The MEDO ICT Incubator, based in Maboneng Precinct, will focus on supporting young entrepreneurs. The location was chosen to leverage high speed fibre (FTTH) bandwidth connectivity, as the focus of the incubator is the Information and Communication Technology sector. The Internet TV studio will facilitate internet TV broadcast. The MEDO ICT Incubator, based in Maboneng Precinct, will focus on supporting young entrepreneurs. The location was chosen to leverage high speed fibre (FTTH) bandwidth connectivity, as the focus of the incubator is the Information and Communication Technology sector. The Internet TV studio will facilitate internet TV broadcast. Boasting world class technology, teleconferencing facilities, the TV studio and a beautiful setting in the heart of Johannesburg’s rejuvenated city, the incubator will provide a suite of services at no cost to the businesses. Boasting world class technology, teleconferencing facilities, the TV studio and a beautiful setting in the heart of Johannesburg’s rejuvenated city, the incubator will provide a suite of services at no cost to the businesses.

MEDO CEO Judi Sandrock says: “This is a very exciting time for small and medium business growth in South Africa and MEDO is very pleased to be working with the dti on such an innovative development. The MEDO ICT Incubation Centre is a phenomenal step in building economic growth and job creation in the country.” MEDO CEO Judi Sandrock says: “This is a very exciting time for small and medium business growth in South Africa and MEDO is very pleased to be working with the dti on such an innovative development. The MEDO ICT Incubation Centre is a phenomenal step in building economic growth and job creation in the country.”

Incubation facilities will assist up to 300 small to medium sized businesses, MEDO is pleased to note. There will be permanent incubation of approximately 20 ICT businesses and virtual incubation across industries allowing the enterprises to use the facilities and benefit from the full suite of shared services. Incubation facilities will assist up to 300 small to medium sized businesses, MEDO is pleased to note. There will be permanent incubation of approximately 20 ICT businesses and virtual incubation across industries allowing the enterprises to use the facilities and benefit from the full suite of shared services.

An important aspect of the support provided is also the introduction to supply chains of large industry. Entrepreneurs looking to develop content for IP TV will also become beneficiaries of this programme. An important aspect of the support provided is also the introduction to supply chains of large industry. Entrepreneurs looking to develop content for IP TV will also become beneficiaries of this programme.

The dti’s Incubation Support Programme will see the development of another incubator by MEDO in the coming months, which will focus on the Mining and Heavy Industries sectors in the Mpumalanga region. The programme aims to facilitate small business and entrepreneurial growth by developing platforms for highly beneficial training and support. The dti’s Incubation Support Programme will see the development of another incubator by MEDO in the coming months, which will focus on the Mining and Heavy Industries sectors in the Mpumalanga region. The programme aims to facilitate small business and entrepreneurial growth by developing platforms for highly beneficial training and support.

Adding value to the growth of business and entrepreneurship in South Africa, the opening of these incubators is a significant milestone in the effort to create and sustain jobs in South Africa. Adding value to the growth of business and entrepreneurship in South Africa, the opening of these incubators is a significant milestone in the effort to create and sustain jobs in South Africa. “We plan to apply for more!” Judi concludes. “80% of the Japanese economy was established on small start-ups – mom and pop shops – and with commitment and effort it could be the same for us here.” “We plan to apply for more!” Judi concludes. “80% of the Japanese economy was established on small start-ups – mom and pop shops – and with commitment and effort it could be the same for us here.”

The MEDO ICT Incubator – the first youth incubator in the Department of Trade and Industry

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