05 – 06 March 2020 |Cape Town, South Africa
Entrepreneurship Support Facility serves as a technical support and mentorship platform to address some of the challenges experienced by the entrepreneurs, specifically, to enhance and strengthen the capacity of small to medium entrepreneurs (SMEs) in assessing the business potentials of sustainable energy, developing viable business plans and loan requests, managing and maintaining their businesses successfully.
Furthermore, the Facility aims to increase the confidence of financial institutions in sustainable energy systems and create linkages between the entrepreneurs and financial institutions. To ensure efficient implementation, the Facility has a Technical Committee whose members are made up of representatives of regional renewable energy incubation centres, financial institutions, development partners, energy research and development institution and a dedicated public entity funding renewable energy are to convene a meeting.
The objective of this meeting was to assess applications and select entrepreneurs based on the developed selection criteria, conduct training needs assessment, recommend mentors to support entrepreneurs to develop their businesses, recommend external experts to conduct the training for entrepreneurs and financial institutions, and to recommend development partners that will support the implementation of the Facility.