The Sasol Business Incubator is inviting you to be part of this exciting small business development initiative
Sasol is looking for high potential small business to accelerate to greater height by providing them with business development support and assisting them with marketing linkage opportunities
The development of entrepreneurs is one of the most effective ways of stimulating economic growth, transformation and the creation of jobs in our communities. We recognise that a growing small, medium and micro-sized enterprise (SMME) sector is vital for broadening economic participation and delivering on our country’s economic development objectives.
Sasol’s Enterprise and Supplier Development function was established to ensure focused and integrated delivery of Sasol’s programmes aimed at contributing to the development of the SMME sector and the diversification of our supplier pool.
The Sasol Business Incubator (SBI) is located at the Eco-industrial Park in the industrial heart of Sasolburg and was developed through a public-private partnership between Sasol and the Department of Trade and Industry (the dti) to accelerate the successful development primarily of local start-up small and medium enterprises (SMEs).
The objective is to promote the sustainability of SMEs by providing an array of business, technical and financial related support solutions together with fully equipped manufacturing facilities, essential business infrastructure and a network of experts and services.
The intention is to enable and host a sustainable economic ecosystem comprising a diverse mix of SMEs, service providers and stakeholders that can support each other as well as other businesses located in the Eco-industrial Park.
The incubation model supports SMMEs in two distinct phases namely – physical and virtual. Physical incubation support ranges from 3 to 24 months during which time they should graduate and leave the incubation facility with the intention of establishing their enterprise in the Eco-industrial Park. During the virtual phase, the SBI team of Incubator Specialists will continue to support these enterprises for 36 months to ensure sustainability.
The SBI team of Incubation Specialists will guide each Incubate during the development programme and will also provide or facilitate the following services to the SMMEs:
Excellent, serviced office space is available to Incubates at an affordable rate. The rate includes shared access to resources and facilities including admission control and security, receptionist, telephone, fax machine, Wi-Fi network, computer, printer, cleaning service, maintenance and beverages (tea and coffee). In addition, the four conference rooms on the ground floor are available to hire on an hourly basis.
Depending on the development requirements of the enterprise in the incubation programme, development funding may be afforded to assist the enterprise in the start-up process. This could amongst others include but is not limited to, development funding for training, quality management systems, Safety, Health and Environment (SHE) processes, Human Resources (HR) support, branding, corporate identity and marketing. If the business is awarded a contract with Sasol and becomes a Sasol supplier then the Siyakha Loan Funding facility may be considered.
The following entry criteria applies for the Sasol Business Incubator:
The business must be operating in an industry or category that feeds into the Sasol business value chain.