Professional Documents
Culture Documents
Closing Conference
17 – 18 Feb 2010
Sipho Moshoane
CEO – eGoli BIO
SMME’s as Innovation
Engines
Business Incubation
International
“Business Incubation provides SME’s and
start‐ups with the ideal location to develop
and grow their businesses…They provide
direct access to hands‐on intensive business
support, access to finance and experts, and
to other entrepreneurs and suppliers”
UKBI
Business Incubation
International
“A business incubator’s main goal is to produce
successful firms that will leave the program
financially viable and freestanding. These
incubator graduates have the potential to create
jobs, revitalize neighborhoods, commercialize
new technologies, and strengthen local and
national economies.”
NBIA
Business Incubation
Local
“Through the Technology Stations Programme
(called Tshumisano, the Venda word for co‐
operation or partnership) the Department of
Science and Technology (DST) is giving small
enterprises access to technology and innovation
resources”
SEDA
Business Incubation
Local
“Small business development is a strategic priority
for all three of our governments [India, Brazil,
South Africa] and our economies, but we have to
admit that we in South Africa are probably
furthest behind in this important endeavour.”
Dr Rob Davies – Dep Minister of Trade & Industry, 24th Aug 2006
Business Incubation
Local
“Technological entrepreneurs have, in many cases,
become the new industry drivers and many
traditional businesses have been blindsided by
developments.”
Dr Neville Comins – “The Future of Innovation”
Collaboration Is Key
Projects
• Technology Pre‐Assessment Project (TAP)
– eGoli BIO, Gauteng Province, Ile de France Province,
French Embassy, BRIC’s
• UK Trade & Investment Agri‐Biotech Initiative
• Life Sciences Growth Venture Initiative (LSGVI)
– eGoliBIO, STP, DST, BioPAD, USA consultants,
University of Texas
Importance of SME’s
Incubatee/SME
Business Incubation
Client Needs
Client Need % Clients Requiring
Service
Funding 75%
Market Access >60%
Networking 40%
Technical Support 40%
Case Studies
Client A Client B
• Low tech biotechnology • High tech world‐class
• Minimal capital biotechnology
investment • High R&D investment
• Manufacturing, • Value is in IP –
distribution, sales international outlicense
growing rapidly opportunities
• #Jobs created • Foreign earnings
potential
Importance of SME’s
Growing SME’s
to
Big Business
Lessons Learnt
• Internationally, economic growth is going to
be driven by SME’s going forward
• Have a common definition of an SME
• Government systematic support is critical
• Local/international collaboration is key and
growing
“Do not muzzle the ox that
treads the corn”
Deuteronomy 25:4
Thank You
sipho@egolibio.co.za