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Sunday 18 March 2018
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Funding show for entrepreneurs returns to Riversands

Funding show for entrepreneurs returns to Riversands

Riversands Incubation Hub is set to host its second FundEX event at Riversands on Thursday 17 August 2017.

I have a friend who after being retrenched and realising that in the current environment, it would be long before he can get a new job, yet, it won’t be long before his next khaki envelopes are dropped at his door steps by the mail man, made a move.

He set out to buy some product, and found a spot on the way side and began to sell. Starting off with three products he was sure would sell, yet he knew a wider range would be needed if it was going to be a worthwhile business.

As people came by asking for other products, he added to a list in a small book and a small tick would help him identify products on a higher demand.

Currently he has a shop inside the business complex he set table outside and is trading in the same products with a wider product range.

With standards having been set high you have to measure up to these set standards if you are to make it in the business circle. Less people would trust products in his business line, sold from a little table on the street side.

Products not packed well, marketed or kept in the appropriate storage will struggle. This has less to do with their ability to do the task, but the environment they are competing in and client perceptions.

Work space, marketing strategies and the daily overheads will basically chock any brilliant idea if it does not have the right financial backing.

Exhibitors had a steady stream of interest in their services during the course of FundEX 16.

The inaugural FundEX held in November 2016 attracted more than 500 entrepreneurs seeking practical advice on securing funding for their business and although I did not think my business was ready for funding, it was such a great thing to see the available options.

This year’s one-day conference and expo builds on last year’s success and will once again highlight funding opportunities available from banks, government funders and alternative funding platforms.

“Access to finance remains a major frustration and growth inhibitor for small business. Yet, there is funding available. This event aims to provide guidance for entrepreneurs on the available finance options, the requirements from funders and how to best prepare for funding. While Riversands does not provide funding whatsoever, we believe that we can play a role in bringing together many players in the funding space,” says Jenny Retief, CEO of Riversands Incubation Hub.

Coffee was a popular beverage at FundEX last year in November.

Riversands Incubation Hub is a ground-breaking initiative with the scale to have a real economic impact by supporting small businesses, fostering job creation and alleviating poverty.

This initiative was catalysed in 2015 through a private-public partnership between Century Property Developments and National Treasury’s Jobs Fund. Established and start-up small businesses are accommodated at Riversands for a period of up to three years in subsidised premises with access to business support services.

The campus is currently home to over 150 small businesses.

Also back due to popular demand, is the funders lounge where entrepreneurs book a one-on-one consultation with a funding expert. “Despite the array of information online, speaking to a funder face-to-face is incredibly valuable. We are looking to extend the funders lounge in 2017 to accommodate more entrepreneurs.” Appointments with funders can be booked on the day, with the lounge opening at 10h00 and running to 15h00.

The one-day event runs from 09h00 to 17h00 and is open to the public, with tickets available online at http://www.fundex.co.za with tickets priced at R200 per head.

Riversands Incubation Hub is located in a very specious place providing safe parking and is off William Nicol Drive near Dainfern.