THE BLACK UMBRELLAS MODEL
The Black Umbrellas programme is designed to offer 100% emerging black owned businesses support and infrastructure through a tiered business incubation model.
The programme is structured in phases to ensure the sustainability of the enterprises. The three key sections of the incubation programme include:
It’s changed my life personally as I’m more disciplined, more goal focused and then at least I can afford to survive because I’m earning something from the business. We are also an inspiration as a business to the young people in our community at large. In a nutshell it has changed my personality, the way I think, the way I see life.
Once selected, the applicant joins the 3-month pre-incubation programme. They will attend a business plan workshop to help them research, prepare and ultimately present a feasible and viable business plan that will form the basis of their development during full incubation. At this stage applicants also have limited access to the incubator facilities to conduct research, and to attend mandatory online SARS, Companies Act, Consumer Protection Act and B-BBEE workshops. An Enterprise Development Manager is on hand to assist with advice and queries. At the end of the 3-month period a selection panel assesses the client’s business to determine their suitability for full incubation.
Successful applicants, now clients, who join the full incubation programme can choose between resident and remote incubation.
Resident incubation includes the use of all incubation facilities, including a dedicated workstation/cubicle/lock-up office. Virtual incubation caters for clients who have their own business premises, but require assistance with access to procurement, finance and networking.
The following form part of a mandatory agreement between the client and Black Umbrellas at this stage:
Full Incubation: Ignition Phase (3 months)
On acceptance to resident or remote incubation, the client is required to participate in a 3-month high impact ‘boot camp’ which includes various business training courses. The aim of this is to ensure the business is procurement and finance ready and that there are clear, measurable and achievable deliverables in place.
Full Incubation: Integration (12 months) and Graduation Feeder (9 months)
This is the period to intensify activities towards the growth of the business. At this stage clients should be ready to access procurement and finance opportunities.
Full Incubation: Graduation Phase (12 months)
The important step of ensuring the readiness of clients to graduate from the incubator entails:
Graduation and award ceremonies are held to acknowledge the journey of clients from emerging start-ups to viable, functional businesses. Thereafter post-graduation support is offered through:
OUR CONTACT DETAILS
011 592 6401
021 447 7156
JOHANNESBURG | 010 590 5555
CAPE TOWN | 021 447 7156
DURBAN | 031 327 3200
PRETORIA | 012 342 5678
PORT ELIZABETH | 041 501 3400
RICHARDS BAY | 035 901 8760
MOOINOOI | 011 100 1738
LEPHALALE | 014 763 1820
Our Hotline is available
24 Hours a day
FOLLOW & CONNECT