The document discusses the Centre for Entrepreneurship (CfE) at False Bay College. It provides an overview of the CfE and its Rapid Incubator Model. The Rapid Incubator Model is an 18-month program that provides entrepreneur skill development, product selection guidance, and business support services to help businesses launch. The goal of the CfE and incubator is to help reduce unemployment and poverty by supporting entrepreneurs and small businesses in developing and growing their ideas.

1. Centre for Entrepreneurship
(CfE)
www.falsebaycollege.co.za
Steve Reid

2. 1. Introduction
2. False Bay College/the CFE
3. The Rapid Incubator Model
Overview
www.falsebaycollege.co.za

3. 1. Nationally: 1 of 50 TVET
2. Provincial: 1 of 6 in Western Cape
3. Only one in WC
a) Centre for Entrepreneurship - DSBD
b) Rapid Incubator – SEDA
Who are we?
www.falsebaycollege.co.za

4. Courses at False Bay College
Business studies (6)
Engineering studies (15)
Hospitality & Tourism (6)
Information Technology (4)
Education Studies (2)
Yacht & Boat Building Academy (1)
Security & Safety (1)
2D Animation(1)
Overview
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5. Unemployment & Poverty
NDP
Success Rate of SMME:
60-70% SMME’s fail within 1st year
96% of SMME’s fail over 10 years
Changing graduates from job seeking to job
creating
Why do we exist? –Our Purpose
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6. • Linking similar programmes to avoid duplication
• Enterprise skills centres
• Specialised Industrial Facilities
• Skills for the economy
• Mix manufacturing centres
• Link new incubators to IPAP sector priorities
• Clothing, Textiles, leathers and Footwear
• Automotive
• Metal Fabrication, Capital & Rail Transport Equipment
• Mineral Beneficiation (Up and Downstream)
• Agro- Processing
• Forestry, Timber, Paper, Pulp and Furniture
• Biofuels
• Plastics, Pharmaceuticals, Chemicals and Cosmetics
• Cultural and Creative Industries
Focus
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7. Pipeline
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Selection Contract Pre-incubation
IncubationLaunch
Post-
incubation/Monitor

8. Inputs in each Phase out of 5
3 phases of Incubation
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Pre Incubation Post
Learning
•Core
•Specialist
Coaching
•One on one
•Group
Support
•Links to Finance
•Links to Markets
•Infrastructure
21
1 2
1 2
4
3

9. Origins in India but tailored to SA
18 months-Lean approach
Major components of the Incubation process
• Entrepreneur skill development
• Product/service selection
• Opportunity guidance
• Hands on practical training
• Facilitation of funding
• Facilitation of setting up a business
• Support services
How does the Rapid Model work?
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10. Lean approach
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11. Innovation Hub
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12. Innovation Hub
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13. • Have clear vision, mission and strategic goals.
• Meet the pre-conditions
• Fit the IBI in the national/regional strategy
• Secure public/private support
• Fit the IBI into the regional system for innovation (WC)
• What are the real needs of the entrepreneurial
community?
12 tips in setting up a Innovation Business Incubator
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14. • Look for best practices-seek out or establish networks
• Don’t blindly replicate
• Make sure to get the best expertise
• Secure proper funding for the years to come (Don’t rely
solely on projects-seek out yearly allocated budgets)
• Monitor and benchmark performance constantly
• Engage in proper communication efforts
From “The Smart Guide to Innovation-Based Incubators”
12 tips in setting up a Innovation Business Incubator
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15. • First contact sheet
• Business plan template
• Template for risk analysis
• Software for budget forecasting
• Contracts to regulate the service delivery
• Template for analyzing innovation weaknesses
• Tools for assessing the entrepreneurial capacities
• Databases of financial tools
• Databases of private consultants
• Databases of research and technology centres
Tools to ease the incubation process
www.falsebaycollege.co.za

16. Thank You
www.falsebaycollege.co.za
Steve Reid
CFE Director
steve.reid@falsebay.org.za
021-7006402
0833784482