Royal Science and Technology Park

Business Incubator Newsletter

About the Incubator
The Business Incubator (BI) of the Royal
Science and Technology Park enables
creators to commercialize their innova-
tions in the fields of computer, mobile
phone, internet and electronic prod-
ucts or process through entrepreneur-
ship.
Offering
Business development services,
mentoring and training, introduc-
tion to potential clients and techni-
cal support.
Office space, meeting rooms, video
conferencing facility, WIFI, office
furniture, etc.

Fundraising support including

In doing so, RSTP contributes to job matching of ideas with potential
creation, diversification of the ICT investors.
sector and wealth creation in Swazi-
land.
Registration of companies and
Chief Executive Officer of Royal trading licences.
Science and Technology Park

Mr Vumile Dlamini

Highlights: July 2017 - September 2017

In this Issue
Pre-incubation service
Ten Startups received pre-incubation
services. During pre-incubation, the start-
ups are given advice and support on how to
write a business proposal covering business
model overview, market research and analy-
sis, sales and marketing plan, human
resources plan, infrastructure and amnesties,
SWOT analysis, action plan and milestones
and financial projections.
Start-ups & Products
Simple Source provides custom software solutions to businesses in Swaziland.
The customized Business Management Software (BMS) runs on windows
desktop and mobile phones (Android for native applications, Windows, iOS
Simple Source & Android for hybrid applications). Data is inputted and viewed on a
Windows desktop or mobile phone application. The data is saved both online
and locally so that businesses can continue to function even when the internet
is unavailable. Data on the online database can be accessed by different
business branches and is stored securely on Microsoft's Azure Cloud Servers.

Peer Learning & Support Training
Incubated startups recived training on:
•Budgeting & daily bookkeeping
•Preparing financial forecasts covering
income / profit & loss projections, cash flow
projections, breakeven analysis, balance
sheet.
•Piloting a technology product & sales
tactics
•Market trends analysis & Product /market
fit
•Business plan writing
RSTP introduced ThinkTank sessions
which take place every Wednesday after-
noons. The ThinkTank is a closed session in
which incubated startups share experiences,
problems and solutions. The sessions facili-
tate peer learning, collaboration and co-
creation amongst the incubated startups.
Nertworking & Mentorship
RSTP organized the start-up grind to
connect budding entreprenuers with
seasoned entrepreneu rs & industry
experts.The Start-up Grind is held every last
Thursday of the month
Ummo is a mobile application that connects people with service providers.
The application enables users to access information about the service they are
looking to get and knowing how long it will take to get it. The application
helps people to queue virtually whilst they do other important things and
notifies them of every progress in real-time. After receiving the service, the
user can leave a service review to help the business optimize its service.
CodeIT (Pty) Ltd UMMO (Pty) Ltd
Inida is a digital advertising platform housing contact and location details of
different service providers, making them easily accessible to the public over a
mobile and web-based solution. Inida is always 100% available and can be
accessed online using an internet enabled device over a browser or mobile
application which people can have installed on their smartphones.
Nodesev facilitates sharing of information at lowest possible cost by providing
a media product called Swaziland Data that end users can access offline or
online to get useful and detailed information on companies, Non-Government
Organization, Government Departments and Sole Traders in Swaziland. This
is through using the url www.swazidata.com which can be accessed via any
web browser, on smartphones, tablets or computers, that can display videos
and audio.
Contact us

2517-9448 incubation@itbi.org.sz www.itbi.org.sz

 ThinkTank
Dr. Fashoto from the University of Swaziland gave a
presentation on Introduction of Free and Open Source
Software (FOSS) during the sessions. He encouraged
start-ups to register on Free and Open Source Soft-
ware (FOSS) to take advantage of the learning oppor-
tunities offered by this tech community. He high-
lighted two types of skills that can be acquired through
participating in FOSS i.e. technical (coding, testing
and debugging, speciation and design, development
platforms) and soft skills (teamwork, communication
and cultural exposure). Developers get access to help as
early as possible from many professionals and that is Dr Fashoto during his presentation on FOSS
why many projects running on FOSS result in high
quality software, architecture and engines.

Start-up Grind
During the Start-up Grind, entrepreneurs and This helps start-up founders / teams overcome fear of
aspiring entrepreneurs get insight into starting & entrepreneurship and obstacles they face at different
running a business from successful entrepreneurs stages of the business cycle.
and industry experts.
31 August 2017
“Key legal issues for start-ups and SMEs and how to
avoid them” 29 June 2017
Mr Zweli Shabangu
(Partner at Magagula & Hlophe Attorneys)

31 August 2017
“Overcoming osbtacles in turning your idea to a business”
Mr Siboniso Ginindza
(Founder of Simple Source (PTY )Ltd)

28 September 2017
“What it takes to get funding from banks and non-bank
institutions”
Start-up Grind participants
Mr Bhekizwe Maziya
(Fund Manager at Youth Enterprise Fund)

Selection Committee
The Selection Committee advices the incubator’s management on the selection
of applicants. The committee scrutinizes the efficiency of the incubator’s applica-
tion and selection process, evaluates applications for incubation and select clients
pursuant to the incubation policy. Mr. Jason Ning
Mr. Zweli Shabangu Mr. Tipho Shabalala
Partner at Magagula & Technology Advisory Entrepreneur, Managing
Hlophe Attorneys Services Manager at KPMG Director at Ning Group Holdings
Members of the Selection Committee

Upcoming Events
Ms. Xolile Mkhwanazi Mr. John Thomson Mr. Dilhan de Silva
(Chair) Entrepreneur, Director at Entrepreneur, Director at Intrepid
Fin. Director (Ret’d.) Mormond Electrical Innovations

Start-up Grind 28 OCTOBER 2017

Dynamic website development 15 NOVEMBER 2017

Ms. Nompumelelo Ndlela Mr. Mandlenkhosi Dlamini Ms. Sebenzile Dlamini 1ST Technology Innovation Forum 15 & 16 NOVEMBER
Legal Advisor, Royal Science and Entrepreneur, Director at Incubation Manager, Royal
Technology Park 2017
Sdudla Engeneering Science and Technology Park

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