Durban Incubator Fosters Innovation Ecosystem for Economic Growth

By : Melchior Koba

Date : vendredi, 26 janvier 2024 15:50

Through its programs and activities, Innovate Durban promotes an ecosystem where innovation drives economic and social progress.

Innovate Durban, a non-profit company established in 2013 by the eThekwini municipality, fosters a vibrant innovation ecosystem in South Africa's coastal city. Its mission is to stimulate entrepreneurship, drive economic growth, and create jobs through initiatives leveraging the potential of the 4th industrial revolution.

The organization initially served as a forum connecting stakeholders - entrepreneurs, businesses, academia, government, and civil society - within the local innovation landscape. Officially registered as a non-profit in 2017, it has since expanded its offerings to provide practical support for aspiring entrepreneurs.

Innovate Durban boasts a range of services, including virtual and coworking spaces equipped with 3D printers, laser cutters, and other specialized machinery. Its flagship program, The Start Up Support Program, guides innovators from concept to commercialization through a 12-month process with business and technical skill development, prototype funding facilitation, and connections to angel investors.

Design thinking workshops and training programs are offered through Innovation Co-Lab, an innovation center designed to empower individuals and communities. Tailored to meet specific company needs, these programs aim to nurture innovative problem-solving skills, foster new business ventures, create jobs, and tackle social challenges.

The organization's success relies on collaboration with key partners like Open Cities Lab, Standard Bank, Ubuntu, Durban University of Technology, the Aspen Network of Development Entrepreneurs, and the Durban Chamber of Commerce and Industry.

Melchior Koba

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