Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is...

18
Charles Maisel Founder of Bebold “Building a Foundation for entrepreneurship”

Transcript of Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is...

Page 1: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

Charles MaiselFounder of Bebold

“Building a Foundation for entrepreneurship”

Page 2: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

BUILDING A FOUNDATION

Page 3: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

THE IKILILABS Story

IKILILABS

Page 4: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

SA is last on the GEM?

There is enough money

There are enough initiatives

There are enough interventions

There are enough entrepreneurs

There is basic governmental support for There is basic governmental support for entrepreneurship

Page 5: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

The entrepreneur FOUNDATION

Has to include the Entrepreneur

Has to Start as young as possible

Has to be driven and run by entrepreneurs

Has to create a bridge between all education Has to create a bridge between all education levels

Mentoring is a key factor

Page 6: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

THE Bebold model: BUILDING AN EntrEPRENEURSHIPFOUNDATION

THE FOUNDATION

UNIVERSITY SOCIETIES

TVET SOCIETIES

COMMUNITY SOCIETIES

UNIVERSITY SOCIETIES

UNIVERSITY SOCIETIESSCHOOLS SOCIETIES

Page 7: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

UN

IVE

RS

ITY

SO

CIE

TY

ENTREPRENEURSHIP

FASHION

VEHICLES

IT

BIOMIMICRY

THE LIST NEVER ENDS

Page 8: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

WHAT IS A SOCIETY?

Based on the university model of societies

1. Constitution

2. Committee of 5 ( Chair, treasurer 2. Committee of 5 ( Chair, treasurer etcetc)

3. Leadership changes yearly

4. Bank account

5. Own brand

6. Drive membership

7. Drive the agenda of the society

8. PARTIALLY Independent of the University

Page 9: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

What do societies do?

PROMOTE PROMOTE entrpreneurshipentrpreneurship AT INSTITUTION

BUILD MEMBERSHIP BASE

DEVELOP DEVELOP entrpreneurship

EDUCATE EDUCATE ON ON entrpreneurship

OPPORTUNITIES FOR OPPORTUNITIES FOR entrpreneurship

PITCH AND LEARN FROM PEERS

NATIONAL NETWORK OF PEERS

Page 10: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

The POTENTIAL of the Society model

They could be at every school in the country

They are at every university

They could be at every TVET

There could be entrepreneurship societies in There could be entrepreneurship societies in communities

Page 11: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

If there were entrepreneurship societies in all educational structures

25000 societies in SA (1)

100000 youth leaders managing societies (1)

22 million youth involved in entrepreneurship

Page 12: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

Benefits

Communicate

Innovation training

One platform

Virtual incubation

Online pitch

Compete

Volume

Page 13: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

What BEBOLD still needs to do!

University and TVET entrepreneurship societies University and TVET entrepreneurship societies are developed

Build One national platform for the Build One national platform for the entrepreneurship society model

Build the schools system

Build skills capacity of entrepreneurship online

Page 14: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

What Bebold still needs to do?

Department of Education backing for the model and maybe include Department of Education backing for the model and maybe include special modules for interested students through the societies

Funding to build schools entrepreneurship societies

Funding for national entrepreneurship platform for societies

Entrepreneurship skills + innovation skills ramped up at educational Entrepreneurship skills + innovation skills ramped up at educational institutions

Build the growth of university / TVET societies over the next 10 years

Page 15: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

Why the Society Model is Sustainable

80 SOCIETIES 80 SOCIETIES –– UNIVERSITY AND TVET

R100,000 x 80/ ANNUM= R 8 000 000

R8 million per annum

Page 16: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

ROI

880 societies

Generate Generate 88000 possible business ideas per year

8800 will be viable (10%)

8800 new innovative business entrepreneurs in the market

8800 x 3= 2400 possible jobs

8800 x R1 million turnover/annum=R8 00 000 000 (R800 million/annum)

New investors more choice

New black entrepreneurs

Page 17: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

Sustainability of Bebold

Fund created to invest in these Fund created to invest in these businessesbusinesses-businesses-MICROVC PTY

Focus on private investors who are respected entrepreneurs and who have built Focus on private investors who are respected entrepreneurs and who have built businesses from Focus on private investors who are respected entrepreneurs and who have built Focus on private investors who are respected entrepreneurs and who have built businesses from scratch

MICROVC PTY Take 7% equity of 100 businesses a year and help develop them

Mentorship of businesses over 5 years

Page 18: Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is last on the GEM? There is enough money There are enough initiatives There are enough

Contact Details

[email protected]@innovationshack.co.za

0724876775