RAPID ACCELERATOR PROGRAMME
The Propella Township Incubator Rapid Accelerator Programme (RAP) is designed to support existing businesses who are struggling to survive
and / or grow due to difficult and challenging economic times.
The programme aims to assist existing entrepreneurs to either sustain or grow their business by offering a range of identified and
required expertise specific to each business’s unique needs.
The aim is to take the business to the next level in a short period of time where growth and sustainability can be achieved and measured
with the right support and the right team of coaches assigned to assist the business.
The Rapid Accelerator Programme (RAP) will run over a 10 to 12-week timeframe and offers selected SMME’s virtual incubation support
as well as access to a pool of experts who will provide advisory support and guidance for the entrepreneurs to fast-track
their business development and growth.
It is a fast-paced enterprise development support programme which requires participants to be committed and be willing to action rapid business
turnaround or re-engineering or business strategies and solutions which can produce results over a short-period of time.
To participate in Propella RAP, the following criteria must be met:
• Business should be operational for at least 6 months (minimum).
• Must be a formally registered business with CIPC.
• Able to provide proof of turn-over.
• Employ a minimum of 2 staff members.
• Provide proof of revenue-generation and customer base.
• Must be based in the Nelson Mandela Bay Metropole.
Benefits of the Participating in Propella RAP:
• Help you to grow your business through a structured support programme.
• Fast paced business development and growth programme.
• Provide you with solutions to improve your business processes and reduce operating costs.
• Assist you to increase your customer and revenue base.
• Provide you with expert coaching and mentorship for improved business management.
• Assist you in unlocking new products and services to stimulate product or process diversification.
• Opportunity for you to expand your eco system and stakeholder networks within your sector.
• Offer you support for business turnaround solutions as businesses adapt to a new- norm.
• Be part of innovative and driven ventures seeking knowledge and open to knowledge transfer and sharing.
• Facilitate access to market linkages opportunities.
• Facilitate access and linkage to potential funding partners and investors.
• Access to a Technical Advisor.
• Access to a fulltime Business development Officer.
• Access to Makerspace Product Development Laboratory with available technologies for new product exploration and development.
• Access and support to develop a Minimal Viable Product (MVP for new product discovery and development.
If you feel that you meet the criteria as mentioned above, kindly complete the linked RAP Application Form.