Is the Small Business Development Institute (SBDI) an agency of Government ?
The Small Business Development Institute (SBDI) is not an Agency of Government. It is a non-profit company that primarily focuses on enterprise and supplier development programmes through fostering a symbiotic relationship between corporates, State owned companies (SOCs) and small businesses. SBDI charges a consultation and facilitation fee for services.
Does SBDI offer funding for small businesses?
SBDI is not a funding institution. It however facilitates access to finance for small businesses through collaboration with Development Funding Institutions, Banks and other privately owned funding institutions
What Products and Services does SBDI offer?
- a) Shared Services and Infrastructure:
infrastructure, services, policy, legislation guidance and office support
- b) Business support :
Mentorship, tailored training and facilitation of access to networks
- c) Commercialization and Innovation :
Facilitation of innovation, product development support and facilitation of access to markets
- d) Access to Finance :
Facilitation of access to capital and operational funding through equity, debt and grant funding
- e) Enterprise and Supplier Development :
Mobilization of enterprise and supplier development interventions
How do I register on the SBDI database as an smme?
Register online, follow the prompts and give details of your business
How do I register as a business mentor to collaborate with SBDI on mentorship programmes
Register online, follow the prompts and give details of your business and/or mentorship experience in the appropriate field.
How do I register to partner with SBDI on enterprise and supplier development interventions?
Register online, follow the prompts and give details of your business and ESD experience in the appropriate field
How do I register my new company and raise finance to start operating
Register with the Companies Intellectual Property Commission (CIPC) either at a branch or online. Alternatively register through SBDI or any of the reputable service providers in your area.
For financing you will have to draw a bankable business plan, fully researched and validated, then approach any private or public funding institutions for evaluation of the business plan and possible funding provided you meet the set qualifying requirements or criteria.
- You may also approach SBDI to facilitate access to funding through the various funding institution depending on the type and amount of funding required
- You may approach a Government institution responsible for small business development and support to assist with drawing up a business plan
How do we form a cooperative and where do we go for funding to start a business.
Register with the Companies Intellectual Property Commission (CIPC) either at a branch or online. Alternatively register through any of the reputable service providers in your area.
For financing you will have to draw a bankable business plan, fully researched and validated, then approach the Department of Small Business Development or the Department of Trade and Industry
How do I raise funds to expand my business and/or to service an existing contract
Approach SBDI to facilitate access to funding for expansion or to service an existing contract. The historical financial performance of the company is very crucial as well as the existence of a valid contract to cover the term of the loan or proof of an off-take agreement in the case of expansion of an existing business for increased capacity of product and/or service.
What is SBDI’s experience in training and development for small businesses.
SBDI, through its sister founding company (Qubelisa) has vast experience in the management and delivery of enterprise development and training programmes since 2002. To date over ten thousand SMME’s nationally in collaboration with government agencies and SETA’s have been successfully trained.