SMU Stage 2: Virtual Incubator

Sefako Makgatho Health Sciences University (SMU) have launched a 3 stage entrepreneurial development program to support students and faculty in launching a new business venture.

Stage 1: entrepreneur basics and idea pitching.
A 3 week "mini-incubator" competition where students receive some foundational entrepreneurial education and with the use of tools, are guided through developing their competition entry that culminates in a pitching competition.

All applicants receive some exposure to entrepreneurship and the top 30 (based on idea, engagement and pitch) are selected to enter stage 2.

Stage 2: entrepreneurial immersion bootcamp
This activity-based process takes students through a concentrated entrepreneurial immersion experience designed to instil an entrepreneurial mindset - and to develop the ability to convert lab-ideas into business ideas. The core of the program is a highly interactive, group-based venture development process supported by exposure to entrepreneurs and culminating in a pitch event.

The top 20 are selected to enter the virtual incubator.

Stage 3: 8 week virtual incubator
This is a virtual incubator that supports cohorts of students (individuals or groups) in designing and building new business ventures. Learning content and competency development are synchronised with project management and mentor support. Online independent activity is boosted by network events such as webinars, peer-to-peer group and mentor support.

Applications closed. Program underway.