Early stage funding and help is essential for the success of recent companies; and a fast-growing photo voltaic enterprise in Fourways is a shining instance of the far-reaching impacts of the correct funding on the proper time.
Lamo Photo voltaic, the winner of the 2016 Eskom Enterprise Funding Competitors (BIC) within the Engineering and Building sector, has grown from a start-up with a handful of workers to a agency with effectively over 40 staff in below two years, due to the expansion propelled by its BIC win.
Tshibvumo Sikhwivhilu, co-founder and Chief Govt Officer at Lamo Photo voltaic, studies that he and co-founder Elmond Khoza had lengthy been entrepreneurs, however their photo voltaic enterprise was challenged by the truth that they had been younger, had no observe document, and had little progress funding. “Successful the Eskom BIC gave us fast credibility within the vitality sector; and the prize cash allowed us to purchase specialised tools so as to add to our service providing,” he says.
“As a part of our prize, we exhibited on the Small Enterprise Expo 2016, the place we met representatives of the Power and Water SITA. This led to a partnership that has created jobs for 40 graduates – over 25 of whom are ladies – and allowed us to deal with rising the enterprise. As well as, the truth that we received the competitors and had been capable of exhibit progress on the again of our funding in extra tools, supported our profitable software for added funding from the Small Enterprise Growth Company. This funding enabled us to obtain extra specialised tools and provide added worth providers,” he says.
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“This early stage help, publicity and networking on the Small Enterprise Expo have been essential for our progress up to now two years,” says Sikhwivhilu.
BIC 2018 entries now open
The annual Eskom Enterprise Funding Competitors (BIC), run by the Eskom Growth Basis, is now open for entries from small black-owned companies. The BIC affords prizes totaling R1.three million and the winners are introduced and showcased at South Africa’s premier small enterprise improvement occasion, the Small Enterprise Expo, which takes place from 6 – eight September 2018 on the Ticketpro Dome, Northgate. In launching this 12 months’s BIC lately, Eskom Growth Basis CEO Cecil Ramonotsi stated: “We urge all qualifying black-owned and registered enterprises to grab this opportunity. There may be nothing to lose however a lot to realize within the BIC.”
Along with internet hosting the BIC awards and showcasing the finalists on the Small Enterprise Expo, Eskom additionally options main Eskom Simama Ranta colleges on the occasion. Simama Ranta is the Basis’s annual competitors recognising excellence in entrepreneurship training at South African secondary colleges that excel in entrepreneurship training. All secondary colleges with enterprise golf equipment that train their learners the fundamentals of working a enterprise are eligible.
“Eskom’s lengthy affiliation with the Small Enterprise Expo, together with its BIC innovator pavilion, make a major contribution to our objective of constructing the occasion far more than only a showcase for small enterprise, but additionally a concrete enterprise improvement software to help small enterprise progress in South Africa,” says Carol Weaving, MD of occasion organisers Reed Exhibitions.
“We’re all the time notably excited to have the successful BIC innovators aboard on the Small Enterprise Expo, showcasing the excessive stage of enterprise aptitude South Africans are able to.”
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The expo supplies SMEs, companies and buyers with a flexible platform from which to community, discover new enterprise partnerships, construct model consciousness, work together with potential clients and buyers and acquire market publicity. The occasion additionally affords three days of in-depth enterprise improvement data sharing in a collection of workshops and talks.
For extra info, go to www.buyabusinessexpo.co.za and www.smallbizexpo.co.za