BUSINESS SUCCESS
Five benefits
of participating in a Business Accelerator Programme South African’s have a demonstrated history for innovation, from tech start-ups going global to successful township and rural economy entrepreneurs. Most innovative ideas, however, never take off as small businesses simply don’t have the resources or market access to launch their ideas. To bypass these barriers to entry, many entrepreneurs are now accessing Business Accelerators to unlock potential and access an effective springboard for growth. Paige Sherriff, the Project Manager for the eThekwini Furniture Cluster (EFC) says that business accelerators are programmes that connect SMEs to the information and support they need to help them accelerate towards business success. Recognising the impact this can have in the local furniture industries, the EFC recently launched its inaugural Business Accelerator Programme.
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“By connecting high-potential furniture manufacturing businesses in KZN with large South African based companies, the EFC Business Accelerator aims to drive effective growth through market access interventions, standards upgrading, capital investment and support,” Paige explains. Paige says that the EFC Business Accelerator closely follows tried and
