South Africa-based SME investment company, Awethu has opened applications to its six-month incubator program.

Disrupt Africa reports that the top three Small, Medium and Micro Enterprises during the program will receive investment worth ZAR100,000 ($8,000) from the sefa Awethu Youth Fund (sAYF).

The sefa Awethu Youth Fund comes off Awethu’s collaboration with Small Enterprise Finance Agency (sefa) to establish a R64 million commercial investment fund for high-impact Small, Medium and Micro Enterprises at Awethu’s incubator.

“During this time the entrepreneurs learn how to formalise and grow successful micro-businesses. The skills learnt include: how to assess whether a market opportunity can be turned into a business; how to perform market research; how to access funding; how to manage their finances and how to recruit and manage a growing team,” Yusuf Randera-Rees, Chief Executive Officer (CEO) and co-founder of the Awethu Project.

Applications is now open and will run till August 31,2015.

The organisers informed Techcabal that the program is open to Startups outside South Africa as long as they can “are able to attend weekly meetings and training sessions in Johannesburg.”

Interested startups can apply by sending ‘Ambition’ to 45345.

[Update: We reported earlier that the program may be open to SMEs in South Africa only.]

Photo Credit: guilhembertholet via Compfight cc

Lulu Fadoju Author

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