SA has partnered with government and expanded its existing BizSpark programme to provide business support to 600 technology start-ups over the next three years, using funding from government's Jobs Fund and Microsoft's 4Afrika initiative.
The Microsoft BizSpark programme offers technology and support to start-ups that develop software-based products and services, are privately held, have been in business for less than five years and bring in less than $1 million annual revenue.
In addition to giving the start-ups free access to technology such as the Window 8 OS, the programme offers technical support, business training and exposure to a network of more than 2 000 partners to connect small businesses with incubators, investors, advisors and government agencies.
At the launch of the initiative at the Microsoft SA head office in Johannesburg this morning, Microsoft SA MD Mteto Nyati said the company has committed to fundamentally transform South African society by utilising technology. "Survival of smaller companies is so important in addressing the bigger social needs and challenges."
Nyati said the enhanced BizSpark programme will not only give small software developer start-ups a far greater ability to develop local solutions, but also the business acumen to take their software to market."The BizSpark programme has been the breeding ground for some incredible start-up entrepreneurs and small software businesses. But we can do a lot more for this community by partnering with government and local incubators to provide additional benefits to our start-ups, improving their success and that of the broader ICT industry. This will grow the industry and ultimately provide more people with employment."
Speaking at the launch today, Dumisa Hlatshwayo, the Jobs Fund's chief investment officer, said entrepreneurship and innovation are critical elements in driving a nation's economy. "The Jobs Fund is designed to challenge the public and private sector, as well as civil society organisations to commit their ideas and resources to innovative job creation programmes."
The Jobs Fund was launched by finance minister Pravin Gordhan in June 2011, to address the high levels of unemployment in SA through, among others, co-financing projects by public, private and non-governmental organisations that contribute to job creation.
"Entrepreneurs who start small businesses are the real job creators in SA. But it's not just up to the government to provide support and incentives for SMBs. When big business and SMBs collaborate, they help drive an entire new wave of business and innovation in our country," said Hlatshwayo.
Our comments policy does not allow anonymous postings. Read the policy here