There is a real need to provide greater support for the small and medium enterprises (SMEs) that have been hit the hardest by this pandemic. Photo: African News Agency (ANA) Archives
There is a real need to provide greater support for the small and medium enterprises (SMEs) that have been hit the hardest by this pandemic. Photo: African News Agency (ANA) Archives

Fem-in-Tech Development Programme to empowers female startups

By BR Correspondent Time of article published Jul 13, 2020

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DURBAN - The Small Enterprise Development Agency (SEDA) has collaborated with the SA Innovation Summit (SAIS), to empower female entrepreneurs with the skills and network to grow their businesses and increase their exposure to receive investment funding

The Fem-In-Tech Development Programme is open to South African start-ups in tech and tech-enabled sectors that have female representation as founders or top management. 

Fem-In-Tech aims to grow female entrepreneurship in South Africa and bridge the gap for women entrepreneurs in the investment market.

Participants will undergo online training culminating in a Demo Day at the Virtual Edition of the SA Innovation Summit set to take place 30 September to 1 October.

STP Executive Manager, Nosipho Khonkwane, said ,"There is a compelling need to grow the rate of female entrepreneurship in South Africa, particularly in the tech and tech-enabled sectors. This programme seeks to be that bridge to accessing much needed capital investment and business networks". 

The Top 20 start-ups, those with high growth potential, will be matched to potential investors from around the world. In addition, Anza Capital will take a select few on an Investor Tour with US and Europe investors and stand a chance to receive funding of R2 – R5 million to grow and scale their business.

Fem-In-Tech aims to capacitate women entrepreneurs and create a community of female founders to support each other on their journeys and share their experiences. Through this programme, opportunities will be created with potential investors and business supporters. 

The Demo Day will enable these founders to showcase their start-ups at the SA Innovation Summit, which aims to promote and develop the entrepreneurial creativity of start-ups who are disrupting traditional ways of doing business.

Chairperson of the SA Innovation Summit, Dr Audrey Verhaeghe, said, "We need to look at the performance stats in early stage businesses to see that this asset class, female founders, needs much more attention. That it what we are doing with this programme". 

SEDA and SAIS are encouraging women entrepreneurs to take advantage of this opportunity to upskill, access financial and business support to grow and scale, gain market and media exposure, and network with potential enablers and sponsors.

BUSINESS REPORT ONLINE

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