Youth business incubator program launched
Business development agency, TaranisCo Advisory, has launched the Hatch My Biz (HMB) incubator and mentorship program for school going and unemployed youth, to promote the concept of starting a business at a young age and to mentor those who are seriously considering taking the route of entrepreneurship, as a career choice.
While HMB will primarily focus on providing support services to youth whose interests have been piqued by potentially starting their own businesses, it will also provide support services to youth-owned start-ups, which are already in their formative years.
With enterprise and start-up development interventions experiencing unprecedented levels of support, it stands to reason that the country’s youth should not be left behind in an enhanced enterprise development ecosystem
This is where HMB comes to the fore, with the main aim and objective, to expose the youth to the concept of becoming value creators in their own right, by starting and hopefully scaling successful enterprises.
At the heart of the program is the HMB Open Day, which will primarily be held at high schools to introduce the concept of entrepreneurship, trends in business models and concepts as well as how to access government and corporate enterprise development funding and support programs.
The Open Day will also feature the HMB Talk with successful start-up entrepreneurs, sharing their journey of how they have created and scaled their businesses.
The HMB Quiz will require participants to read the business newspapers prior to the Open Day, in order to test their knowledge of the most prominent business news stories of the preceding week.
The HMB Pitching Challenge will be a key feature of the Program, where youth will submit their business ideas, after the Open Day, for it to be assessed by the HMB Advisory Board and be selected, to receive mentoring and minimal financial support.
According to Gerrit Davids, Lead Advisor at TaranisCo Advisory, the promoters of the program, “The HMB initiative will primarily promote the idea of getting out of the blocks at a young age, to have a first-mover advantage in the marketplace and create value through the journey of entrepreneurship”
Davids said that “HMB will organise a host of networking events, knowledge exchange activities like webinars, conferences and workshops, respectively.”