Young South African entrepreneurs will travel today for a six-week business mentorship programme in the United States (US) that is designed to propel their businesses to success.
The young entrepreneurs will be paired with seasoned US-based entrepreneurs who will continue to provide them with support in South Africa. The young entrepreneurs will also benefit from in-classroom business theory training at Sierra Nevada College and Lake Tahoe Reno.
An initiative of IBA Global in partnership with National Youth Development Agency (NYDA), the Young Entrepreneurship Programmeâs (YEP) six weeks mentorship in Lake Tahoe Reno, New York and California provides young entrepreneurs with exposure to mentors who share knowledge and provide business guidelines to help with business profitability and sustainability.
The businesses that will benefit include a company that customizes rare vintage bicycles; a fashion label; a premier restaurant at Mandela Park township; a company that collects, transports and disposes waste oil; a publishing and language agency and a company that manufactures handmade toxin free natural skin and hair care products.
The YEP, is geared towards increasingÂ Africaâs entrepreneurship activity and is running for the third year. According to the Total Entrepreneurship Activity Index, South Africaâs total entrepreneurship activity stands at 8.9% compared to Brazil at 17.5%, China at 14.4% and India at 12.1%.