20/20 Insight creating jobs through SME growth

20/20 Insight creating jobs through SME growth

Project50 (Pty) Ltd is a division of 20/20 Insight, along with the 20/20 Development Trust which provides development funding to SMEs. 20/20 Insight integrates elements of South Africa’s development ecosystem for improved impact, through cost- effective innovative solutions to key stakeholders.

Project50 (Pty) Ltd is a division of 20/20 Insight, along with the 20/20 Development Trust which provides development funding to SMEs. 20/20 Insight integrates elements of South Africa’s development ecosystem for improved impact, through cost- effective innovative solutions to key stakeholders.

Project50 brings together various resources to support high- potential entrepreneurs in their quest to grow their businesses.

Project50 is 20/20 Insight’s flagship development programme aimed at creating over 500 jobs through growing high- potential SMEs to turnovers exceeding R50 – million.

Project50 is designed to identify high- potential SMEs and provide them with support in preparation for becoming large corporate entities.

Advisory Boards

We allocate advisory boards to each SME. The boards are led by retired corporate executives who act as executive mentors guiding the entrepreneur through the formulation and implementation of their growth strategies. This helps the entrepreneurs to avoid some of the basic pitfalls in the entrepreneurial journey and be guided to untangle themselves should they falter.

Funding

Funding is provided to participating SME beneficiaries through the 20/20 Development Trust which works with sponsors, development finance institutions and partner banks to provide development financing

Skills Development

Project50 works with reputable business schools and other educational institutions to register participating entrepreneurs in courses that will equip them with sound theoretical background on business strategy and growing a business into a corporate entity.

Project50 consolidates the fragmented resources in South Africa’s development ecosystem and effectively increases the opportunity for SMEs to grow and create sustainable jobs.

Programme Overview

The Project50 consists of three 3 – year programmes, each providing development support appropriate to the business operations before moving on to the next phase. An SME can enter the programme at any of the three phases depending on its status upon registration

Primary target and programme outline per phase

Values to SMEs

• Access to affordable funding
• Entrepreneur development
• Development of competitive growth strategies
• Re- evaluation and redesigning of business model
•  Strategy implementation support

Corporate ESD Value

• Compliance with ESD codes and bonus points (job creation, designated groups)
• Expanded ESD budget through external funding
• High impact ESD programme with clear success measures
• Reduced risk and cost in preferential procurement
• Reduced dependency of beneficiary SMEs on corporate supply chain

Banks, DFIS and ESD funds

• Reduced risk in SME financing

Social Value

• Economic growth and Job creation
• Reduce SME failure rate
• Reduce waste in SME development resources