Business Incubation Awards

INTRODUCTION

The Small Enterprise Development Agency (Seda), in partnership with the Department of Small Business Development (DSBD), will host the second South African Business Incubation Conference (SABIC) on 15-16 November 2018. The event will include the Technology Business Incubation Awards Ceremony on the evening of the 15 November 2018. The awards aim to acknowledge and encouraging best practice in the enterprise development space.

The award ceremony will be open to Incubation Centres and Accelerators throughout South Africa; supported by government, academic institutions, private sector and other organisations.

The award categories take into account the variety of programmes that have benefitted from initiatives such as but not limited to the Technology Transfer Fund, SPII and TIA. These awards encapsulates the heart of the enterprise development ecosystem which includes business incubation and acceleration, technology transfer, technical and business support and growth and sustainability.



NOMINATION CATEGORIES

The awards will be represented by the following categories:

  1. Incubator of the Year
  2. Accelerator of the Year
  3. Outstanding Incubator Client
  4. Outstanding Accelerator Client
  5. Outstanding Graduate Entrepreneur
  6. Minister’s Award

In deciding on the categories to be awarded, the International Business Incubation Association guidelines were followed to allow winners to also enter the international competition.




Incubator of the year

This award will honour exemplary incubation programmes. To qualify for the award, the incubator must have on-site management, provide a full range of business development services and have a policy that provides for graduating companies. The adjudicators will looking at:

  • -Incubation model (i.e. business development support)
  • -Innovation
  • -Outputs
  • -Sustainability of graduated clients
  • -Funding streams
  • -Partners

Accelerator of the Year

This award will honour exemplary accelerator programmes. To qualify for the award, the incubator must have on-site management, provide a full range of business development services and have a policy that provides for graduating companies. The adjudicators will be looking at:

  • -Accelerator model (i.e. business development support)
  • -Innovation
  • -Outputs
  • -Sustainability of graduated clients
  • -Funding streams
  • -Partners

Outstanding Incubator Client

This award recognises outstanding client of an incubation programme. The client may be physically or virtually supported by the incubator that have shown:

  • -Innovation
  • -Impact, what problem is it solving
  • -At least 30% growth in turnover
  • -Employment creation within the first year of incubation support

Outstanding Accelerator Client

This award recognises outstanding client of an accelerator programme. The client may be physically or virtually supported by the incubator that have shown:

  • -Innovation
  • -Impact, what problem is it solving
  • -At least 30% growth in turnover
  • -Employment creation within the first year of incubation support

Outstanding Graduate Entrepreneur

It recognises entrepreneurs that are successful by anyone’s measures post incubation/accelerator support. The entrepreneur should have met the programmes specified exit criteria. Adjudicators will look at:

  • -Increase in turnover
  • -Jobs created
  • -Diversification
  • -Technology improvement
  • -Other awards and recognitions
  • -Corporate social responsibility

DSBD Minister’s Award

The award aims to honour an individual or organisation for their exceptional contribution in the enterprise development and innovation space. The award does not have a formal, external nomination process but instead draws from the industry success stories from person who has contributed greatly to the industry.