Business Investment Competition ready to boost another SMME

A report compiled by GEN 22 on Sloane, which offers startups funding opportunities and access to markets, notes that over 55 000 SMMEs in South Africa will not survive the COVID-19 global pandemic. A total of 92% of SMMEs’ business operations have been impacted and at least 42 350 of those working for these SMMEs will lose their jobs.

“This annual competition is that much more relevant this year, simply because our main purpose with the BIC is to boost enterprise development in a year that has seen small businesses challenged, stretched and some decimated,” Ramonotsi continued.

Entries for the competition are open from 4 December 2020 until 31 January 2021, at midnight.

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A Competition that will Fast-track your Business Potential -Enter before 4 December 2020

“It takes more than money to turn an idea or innovation into a viable growing business. That’s why we leverage experience, expertise and partnerships to create a winning mentorship platform as well as meaningful business opportunities over and above the financial prize,” Meghan says.

For more information on the DCC Business Accelerator Programme or if you want to enter visit https://durbanchemicalscluster.org.za/business-accelerator/. Entries close on Friday, 4 December 2020.

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