The Enterprise Incubation Program (EIP) is an incentive that funds small scale manufacturing and market entry. It is market driven and prepares early stage entities to supply to local markets in South Africa. DTC can assist with the development of your Enterprise Incubation Program Business Plan today!
After closing the Incubation Support Program, two new programs were launched by the DTI and DSBD respectively, that should better cater for the variety of needs in this sphere. EIP is administered by DSBD and SPP, by the DTI. The objective of the Enterprise Incubation Program (EIP) is to support the establishment of new incubators and for the growth and expansion of existing incubators. EIP is targeted at South African registered and tax compliant entities – Small, Medium and Micro Enterprises (SMMEs) and Cooperatives with vast experience in the development and mentoring of early stage enterprises and cooperatives, with potential to supply goods and services to firms in the local economy on a sustainable basis.
The registered entities will support incubates who are early stage enterprises and cooperatives, focusing on township and rural areas with potential to create livelihoods, but need extensive targeted guidance in business improvement. Support for women, youth, and individuals with disabilities are prioritised in the incubator plans. Grants of 100%, maximum R10 million over three years are offered.
A business plan is the most crucial element of early stage planning of the business. DTC can develop your business plan, be it for start-ups or expansions. Our developments are often used to create a vision for any business, secure funding, secure non-repayable business grants, attract team members and/or manage the company.
Core elements for a coherent Enterprise Incubation Program Grant Business Plan include:
•Executive summary: This is an overview of the business and its plans. It is positioned first in the business plan and is ideally 1 to 2 pages.
•Body: This section covers the marketing and sales plan, operations, and business milestones, and metrics for success.
•Company and management summary: Investors look for efficient teams, in addition to great concepts. This section describes the current management team and staffing and future additions to it. An overview of the business legal structure, premises, and history if you are already operating needs to be provided.
•Financial plan: A financial forecast is essential in making a business plan realistic. DTC will tell you what to include in your financial plan.
•Financial projections: Includes documents comprising of the management account, income statement, balance sheet, cash flow, cash forecast, break even analysis, loan amortisation schedule and fixed asset schedule with ratios, graphs, and calculations.
•Annexures: Includes statutory information funders require in an application (contact us for the complete list).
At Dream Team Capital, we understand the complexities of the various criteria and requirements for an accurate and custom made business plan. If using the document for the purpose of raising funding and/or non-repayable business grants, we guide you through the process and provide access to our extensive network of funders. These may include venture capital companies, private equity companies, angel investors, banks, Government B-BBEE initiatives, Silicon Cape investment organisations, rent to own asset funding companies, crowd funds and more!
For more information and assistance – Contact us