Entrepreneurship programme will transform ideas into products

The Poly’s FABlab has teamed up with the Ministry of Trade and Industry to launch a new intensive entrepreneurship support programme that focuses on transforming a business idea into a tangible product.

The Intensive Product Development (IPD) programme is a threemonth initiative aimed at assisting local entrepreneurs and Small and Medium Enterprises (SMEs) with the process of developing a business idea into a tangible prototype of its product. The IPD involves concentrated mentorship and training through which local entrepreneurs will either improve an existing product, or design a new one using the FABlab’s advanced machinery, modern technology and business, design and legal expertise.

The first IPD cycle which began in January this year, will conclude in mid-April with a ‘Dragon’s Den’ styled business session where participants will pitch their business products to local investors. The second cycle of the IPD will begin in May 2015.

“Last year we had an influx of entrepreneurs and SMEs who approached us for help after we opened in February. We then devised this programme to be hands-on and to offer these product-driven businesses the help they need. At the end of the day we want to see real and tangible results and sustainable businesses exiting the programme,” said FABlab Co-founder and Director, Kirstin Wiedow.

The FABlab, officially opened in February 2014, is driven by innovation and geared toward enhancing local product competitiveness. The centre also aims to bridge the technological divide and focuses on helping the Namibian people to build a technologically advanced society.

Friday, February 13, 2015
for Month: 
February, 2015

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