04 Jul Round table discussion with youth entrepreneurs
IDC’s existing and prospective clients shared their views and solutions with the corporation during a round table discussion last week.
The round table, which was a commemoration of Youth Month, saw more than 200 young entrepreneurs converge and network amongst themselves, while sharing ideas and getting more information from the IDC, to help them understand the corporation’s business support processes. “This is a round table for sharing of information on how to access finance, and as the IDC we are here to listen to young entrepreneurs so that we can find synergies, extend networks and speak of potential supplier relations between the participants,” said IDC’s Daniel van Vuuren. Billy Cobbinah added that the corporation mainly wanted to reach out to youth entrepreneurs, “We have a couple of facilities for our youth, first being the gro-e youth scheme.
Its objectives is to encourage youth entrepreneurship and employment creation, thereby expanding SA production capacity” he said. The majority of entrepreneurs expressed concern that tech-based businesses were not getting the same funding opportunities as others, and asked the corporation to relook at the turnaround time for application approvals.
Tati Mokoena from Octopus Vision, a township-based film productions small business, said the IDC’s support enabled them to gain entry into the tough industry, “We live in a digital world and have to bring digital solutions and compete in a difficult entrepreneurial space, but we have a partner in the IDC, who has been very helpful and continuously listen when we have challenges” Mokoena said. The round table discussion took place on 26 June at the IDC’s auditorium.