Black Umbrellas- Incubators
The Black Umbrellas model is aimed at supporting emerging black businesses through the incubation programme so that they are able to emerge as independent, viable businesses.
Fundamental to the success of the model is a tiered intervention, where applicants/clients transition and bolster their business through successive levels of activation. The programme activation begins with a pre-incubation phase (3 months), followed by full incubation (3 years) through to graduation.
The Black Umbrellas model uses its national reach to enable clients to benefit from guided mentorship, through which clients receive the transfer of business skills, knowledge and network linkages.
The businesses are assessed for their credit risk and an advisory committee offers their technical experience to assess the weaknesses and strengths of the businesses.
Ongoing support through the incubation centres and the office infrastructure linked to these include:
- Bookkeeping services at standard rates;
- Access to networking & marketing events;
- Ongoing mentoring;
- Assistance with finance access;
- Workshops aimed at business & personal development.
Currently incubators are fully operational in Cape Town, Johannesburg, Durban, Mooinooi, Lephalale, Pretoria, Richards Bay and Port Elizabeth. With one underway in Burgersfort.
Click here to find about more an incubator closest to you.
Black Umbrellas (Owner)
