Go back to news homepage

SA’s Awethu to offer top incubatees $8k investment

SA’s Awethu to offer top incubatees $8k investment

South African SME investment company Awethu has opened applications for its Micro-Business Incubator, with the top three performers to receive equity investment of up to ZAR100,000 (US$8,000) in their startups.

Disrupt Africa reported last year Gauteng-based Awethu was utilising partnerships with South Africa’s Jobs Fund and the Small Enterprise Finance Agency (SEFA) to incubate and invest in entrepreneurs in the province.

Awethu runs six-month incubator programmes for startups, funded by the Jobs Fund, and also recently partnered SEFA to launch a ZAR64 million (US$5.7 million) investment fund for selected startups.

Applications are now open until August 31 for its incubator, with 240 spaces available for the six-month programme that begins in October. The value of the programme is ZAR45,000 (US$3,700), with the best three performers in the incubator to receive equity investments of up to ZAR100,000.


Read the full article

Be the first to know

Send us your email address to receive updates whenever
we open applications or have relevant news to share.