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Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is...
Transcript of Charles Maisel Founder of Bebold · BUILDING A FOUNDATION. THE IKILILABS Story IKILILABS. SA is...
Charles MaiselFounder of Bebold
“Building a Foundation for entrepreneurship”
BUILDING A FOUNDATION
THE IKILILABS Story
IKILILABS
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
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
THE Bebold model: BUILDING AN EntrEPRENEURSHIPFOUNDATION
THE FOUNDATION
UNIVERSITY SOCIETIES
TVET SOCIETIES
COMMUNITY SOCIETIES
UNIVERSITY SOCIETIES
UNIVERSITY SOCIETIESSCHOOLS SOCIETIES
UN
IVE
RS
ITY
SO
CIE
TY
ENTREPRENEURSHIP
FASHION
VEHICLES
IT
BIOMIMICRY
THE LIST NEVER ENDS
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
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
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
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
Benefits
Communicate
Innovation training
One platform
Virtual incubation
Online pitch
Compete
Volume
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
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
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
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
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