Government policy, Ecosystem, Public engagement, Provincial engagement, Collaborative framework, Key stakeholders
The 2019 New Journey Provincial Engagements, supported and facilitated by EDSE, acted as a significant accelerator in key processes to bring greater quality assurance, reach and ecosystem collaboration to small business support in South Africa. Public engagement is a critical part of a democratic government’s mandate. What made the 2019 New Journey Provincial Engagements different was the way that these engagements took place. The small enterprise ecosystem is fragmented, works in silos and lacks the cohesive, collaborative framework to ensure that SMMEs receive the right business development services (BDS) and business advisory services (BAS) needed to help them succeed. These ecosystem engagements were established to collaborate, listen and engage. The key PPD objective was to gather qualitative and quantitative data from key stakeholders in the BDS sector, analyse and input the feedback into government policy, standards, programmes and key decisions.
The number of governments worldwide embracing the vision of a sustainable bioeconomy is constantly rising. One factor facilitating the transformation of economies to such sustainable bioeconomies will be entrepreneurial activity. This report analyses available bioeconomy strategies account for the role of entrepreneurship in driving the bioeconomy transformation. That analysis indicates that the majority of existing bioeconomy strategies account for the transformative potential of entrepreneurship but remain ineffective with respect to achieving their goals.
Entrepreneurship development, government funding, Biotechnology
For many years the United States has led the world in government funding of nonmilitary research and development (R&D), notably support for basic and clinical research that directly relates to health and human development. While new biotechnology entrepreneurs often rely upon the “Three Fs” of founders, friends, and family for advice, assistance, and financing during the early years of their company, they often overlook a “Fourth F” that can be of major assistance during many phases of their growth—that being Federal, especially federal labs and federally-funded research in universities and academic medical centers (AMCs), also referred to as academic medical organizations (AMOs) across the United States.
The DSI aims to strengthen and develop regional and local innovation systems, and has developed a number of interventions in this regard. Stemming from this objective, the Regional Innovation Support Programme (RISP) was established to provide the following interventions (elements of support) towards the regions:
Biotechnology entrepreneurship is a relatively new and distinct field of entrepreneurship. Most current empirical research is conducted in the developed economies and cannot be directly extrapolated to the developing economies. The paucity of empirical research and the lack of a conceptual framework for biotechnology entrepreneurship constitute gaps that this research addressed through the development of a proposed theoretical framework of biotechnology entrepreneurship based on empirical research conducted within the context of the developing economies of South Africa and Brazil.
Entrepreneurship development, Public and private sector, Partnerships, Business development ecosystem
The Small Enterprise Development Agency(Seda) has partnered with Stellenbosch University and the Global Entrepreneurship Research Association in undertaking the Global Entrepreneurship Monitor South Africa (GEM SA) study. This study provides fundamental insights for entrepreneurship development in South Africa. The focus is on ensuring meaningful partnerships that involve both the public and private sectors. Moving ahead, Seda is reviewing its role in the business development ecosystem. They foresee a growing strategic emphasis on facilitation in the operational model. This will optimise the implementation of the organisation’s mandate, enabling more small businesses and entrepreneurs to access services.
Business development, Business incubation, SMME, BBBEE, Mentorship
Enterprise development (ED) is concerned with helping entrepreneurs to grow their businesses. The business development process is dynamic with rapid technological and environmental change that occurs through the enterprise development life cycle. Business incubation programs play an integral part in the development of small and medium enterprises (SMEs). They offer support services, both financial and non-financial, of which mentorship is regarded as one of the key aspects of incubation programs. This study looked at SMEs across South Africa, operating in different industries to evaluate the impact of entrepreneurial orientation on SME growth and determine the moderating effect of mentorship on this relationship. The South African government, through its BBBEE policies, has mandated corporates to implement ED programs as a way of aiding the growth of SMEs. The challenge faced by SMEs within the context of ED is discussed broadly in this study with recommendations put forth in an attempt to assist the successful implementation of ED.