tsiba entrepreneurship centre support model - tshikululu serious enterprise development workshop...
DESCRIPTION
Presented during Tshikululu's first Serious Enterprise Development workshop, which took place on 6 October 2010. Peter Kraan (founder, TSiBA Entrepreneurship Centre) discusses a model for entrepreneurship support.TRANSCRIPT
TSiBA Education
• TSiBA stands for the Tertiary School in Business Administration
• TSiBA means ‘to jump’
Our Mission
“To be an innovative and sustainable learning community that graduates entrepreneurial leaders who ignite
opportunity and social change”
Our History
• 2003: Seed capital from Shuttleworth Foundation
• 2004: Established as a private, not for profit higher education provider
• 2005: First 80 students on full scholarships
• 2006: Created a BBBEE Trust• 2007: BBA in Entrepreneurial Leadership
accredited by DoE (2007/HE08/001)• 2007: Opened an Entrepreneurship
Support Centre• 2009: Took on a green rural campus
Successes
• 11% of our graduates are Mandela Rhodes scholars
•90% placement•50% throughput (double the national average for black commerce students)•High interest and close involvement of sponsors•Over 200 entrepreneurs supported
Successes
Genuine Empowerment(Codes of Good Practice)
Requirement TSiBA Provides Ownership
Target 25.1% of equityScorecard weight 20
TSiBA Education Trust is an ideal partner as students from designated
groups are its beneficiaries
Management ControlTarget 40% of management and 50% of board
Scorecard weight 10
TSiBA graduates are developed as leaders and can be fast-tracked as
equity talent in organisations
Employment Equity Target 43%-80% of employees
Scorecard weight 15
Placement of TSiBA graduates in partner organizations; internships
allow pre-screening
Skills DevelopmentTarget 3% of payrollScorecard weight 15
TSiBA offers short courses and mentorship in business,
entrepreneurship and leadership skills
Pref. ProcurementTarget 70% of procurement
Scorecard weight 20
TSiBA’s Entrepreneurship Centre
incubates a wide range of diverse SMME suppliers
Enterprise Dev.Target 3% of Net Profit After Tax (NPAT)
Scorecard weight 15
TSiBA’s Entrepreneurship Centre provides industry specific skills and mentorship to emerging
SMMEs
Socio-Economic Dev.Target 1% of net profit after tax
Scorecard weight 5
Scholarships for TSiBA’s degree is a high impact, high return
investment for corporates’ social funding (CSI)
Testimonials
“TSiBA is a living example of a new breed of business schools. In many ways, the top schools in the northern hemisphere still have a long way to go to achieve similar successes.”• Prof. Otto Scharmer, MIT Sloan School of
Management
“This initiative demonstrates the capacity of South Africans to turn adversity into a platform of opportunity. The young people who emerge from this college are bound to become leaders in whatever field they work.”• Dr. Mamphela Ramphele, Chair – Letsema Circle
Lilian Masebenza
Jose Joao
Sonwabo Rasimen
http://tsibaec.blogspot.com/
Mathokoza Nhlapo
Lungelo Masiza
Fraser Siteti
Malcolm Forbes
Simphiwe Ntshayi
Luvuyo Rani