DUT-CSERI, celebrated the graduation of 66 entrepreneurs from Localization programme. The graduation ceremony was held to recognize the outstanding achievements of the entrepreneurs who successfully completed the one-year programme.
The Localization Programme, which commenced in September 2021 and concluded in August/September 2022, is an accelerator that supports established small, medium, and micro enterprises (SMMEs) that have been operational for at least three years. The program’s key objectives are to build the manufacturing capacity of SMMEs through digitization and linking them to relevant funding, to support localization and import replacement, and to establish international markets for the SMMEs.
The SMMEs that participated in the programme were from various sectors, including the food and beverages industry, furniture and general use products, clothing, leather and textiles products, beauty and personal care products, and petroleum and chemical products and hygiene products. A Gap Analysis of the SMMEs was conducted in December 2021 prior to developing a programme to understand the levels and needs of the individual SMMEs.
Each group of SMMEs received training, support, and development according to their sectoral needs. They were sent to radio interviews, exhibitions, given access to funding, linked to markets, and more. This resulted in the collective creation of 56 permanent jobs and a total turnover of R34 674 785 by the graduating cohort.
To achieve these results the centre partnered with various organization namely: Action coach, KZN Oils, Planet54, The Apparel and Textile Association of South Africa, U&G Fabrics, DUT Food and Technology department, Durban Business Fair, Supply Chain Network – SCNET,FNB, Operation Vula Fund, Four-season, Bizfarm and eThekwini Municipality Business Support Unit. These partners’ representatives were also in attendance to celebrate the entrepreneurs’ achievements on the graduation day.
During the graduation ceremony, entrepreneurs expressed their gratitude for the support they received from the center. The Localization Programme is an excellent example of how public-private partnerships can promote economic growth and development. The program’s success is a testament to the importance of supporting SMMEs in developing and growing their businesses. By providing SMMEs with access to training, funding, and market opportunities, they can create jobs, generate income, and contribute to the country’s economic growth.
In conclusion, the Localization Programme’s graduation ceremony was a momentous occasion that celebrated the outstanding achievements of 66 entrepreneurs. The program’s success is a testament to the center’s commitment to supporting SMMEs and promoting economic growth and development. It is hoped that similar programs will be developed and implemented to continue supporting SMMEs and fostering economic growth and development.
- Snelisiwe Hlongwane
