Ten companies have been selected to join the Standard Bank Enterprise Development Programme, which aims to provide the selected companies with access to unparalleled expertise and resources.
Disrupt Africa reported in July Standard Bank and Thinkroom had announced the launch of the Standard Bank Development Programme, an enterprise development initiative aimed at supporting 10 entrepreneurs as they grow and scale.
The programme focuses on practical, timely and comprehensive interventions, encompassing all stages of business growth and driving market and investment readiness.
Ten ventures have now been selected, with all being 51 per cent or more black-owned businesses, in industries ranging from healthcare, to manufacturing, and beyond.
The selected companies are AdamVirgo Trading, Digi Pharm, Tumeladi Pathologist Laboratory, Penologic, Jedy Holdings, Isibusiso Holdings, Rendanis Auto Clinic, Precious and Pearl Brands, Zibangwenya Supplies, and Odosla.
“We received an overwhelming response from the call for applications with the Standard Bank Enterprise Development programme, and although we could only select 10 SMEs to participate in this programme, the application process once again confirmed that South Africa is rich with remarkable entrepreneurial talent, and with the right support from government, private sector, ecosystem players and the unwavering entrepreneurial spirit from our SMEs, we can continue to contribute significantly as an industry to job creation in country,” said Catherine Young, founder of Thinkroom.