To become a tenant at the incubator, there are basic requirements you must meet. These apply to any individual or business wishing to become a part of the SPI programme.
You must be a South African citizen.
You must have an interest in operating a PGM beneficiation enterprise.
You must have written down a business idea or proposal.
This must outline how you want to bring that idea into a real life business. It should then outline how you will conduct your finances, the amount of money you expect to make from the first three years, who will be responsible for running the company, who will be designing and making the products, how you plan to sell the finished product and who will you sell it to. Information about how to compile this plan / proposal is available from the SPI.
You must have an interest and talent – basic jewellery or design knowledge.
Be willing to make a small payment for the use of facilities. The fee is dependant on the stage at which the business is at (sliding scale).
No time to waste, start planning now! There is no set date for applications. The incubator considers applications on an on-going basis.
How does Incubation Work?
The reason the incubator exists is to make sure that new businesses that enter into the PGM jewellery manufacturing industry have little or no problems doing so.
It does this by providing opportunities and ways for these businesses to produce and deliver their products to the specified market / client. Without this support, start-up businesses and individual entrepreneurs would struggle to become reputable enterprises.
By providing incubation services, the SPI makes it easy for the tenants to have access to machinery, materials and markets. If you would like to become a tenant, the following are the steps you need to follow.