Page 194 - KZN Top Business Portfolio 2018
P. 194

SMARTXCHANGE











                                                         CEO: Jonathan Naidoo
                                  www.smartxchange.co.za

       INCUBATING SMALL BUSINESSES             ƒ Provide excellent services to incubated SMMEs.
                                               ƒ Develop and sustain mutually beneficial 
       Based in the coastal city in Durban, the Durban      relationships with strategic partners.
       Technology  Hub  which  trades  as  SmartXchange,
       is an innovation node and a dynamic business   SMME SKILLS DEVELOPMENT SUPPORT SERVICES
       incubation centre established to support and   SmartXchange offers a range of support systems
       promote the region’s vision to be the technology   and services for skills development, which include:
       hub of Africa.
                                               ƒ Overview of the business growth cycle and
       SmartXchange aims to support and promote      relevant changes in structure and management
       Media, Information Communication Technology and   styles.
       electronics (MICTe) entrepreneurs in South Africa     ƒ Industry specialist mentors and coaches
       through incubating small businesses.
                                               ƒ Monthly business health checks, sustainability
       With fruitful partnerships, SmartXchange has      reports and personalised assistance.
       continuously managed to deliver on its mandate of     ƒ Training related to the specific needs of
       SMME development via the vast range of support   businesses.
       services offered to SMMEs during the three-year     ƒ An SMME forum to build relationships and
       incubation period.                     partnerships.
       Vision                                  ƒ Resource center with sponsored internet access.
                                               ƒ Assistance in creating structures relevant to
       To be at the heart of a growing and innovative South      specific stages of business growth.
       African MICTe industry that has global impact.
                                               ƒ Assistance in formulating required policies and
       Mission                                procedures.
                                               ƒ Sponsored marketing kit, inclusive of roll up
       To develop and support MICTe SMMEs through world      banner, business cards, company website and
       class incubation, skills development and encourage      promotional video.
       innovation and collaboration in the MICTe sector.
                                               ƒ Innovation grant funding to a maximum of
       Clear Objectives                        R500 000.00
          ƒ Develop and support quality BEE MICTe    Funding
          companies to create jobs and stimulate the    SmartXchange is funded by committed strategic 
         economy.                           partners, who offer both financial and strategic support.
          ƒ Build a pool of skilled MICTe workers through    These partners include eThekwini Municipality,
          the incubated SMMEs.              Ray Nkonyeni Municipality, the Small Enterprise
         ƒ Extend the reach of SmartXchange’s impact    Development Agency, Technology Innovations Agency,
          in developing the MICTe industry in South Africa.  MICT  Seta, KZN  Film Commission as well as these
          ƒ Stimulate innovation among SMMEs in    key commercial  partners: Vodacom, KPMG, Internet
          the incubator and in the wider MICTe industry.  Solutions, Liquid Telecom, ABSA.

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