Samsung SA unveil plans to fund previously disadvantaged ICT entrepreneurs

The company says its initiatives are set to strengthen black economic empowerment through enterprise development which will stimulate economic growth and boost job creation. Samsung SA’s focus is on women and youth in the Information and Communications Technology (ICT) sector and will drive the project through its Equity Equivalent Investment Programme (EEIP).

The programmes are reportedly aligned to the overarching objectives of the National Development Plan (NDP) Vision for 2030 and the Gauteng Township Economy Revitalisation Strategy.

The aim of Samsung SA

Their aim is to find and support, through grant funding, high-potential entrepreneurs to grow sustainable businesses, the company said in a media release.

Establishing black-owned businesses in the heart of townships has also been prioritised.

“As a global leader in mobile and consumer electronics, our extensive experience and deep technical skills can be leveraged to empower South Africans to harness the power of technology to be leaders of the Fourth Industrial Revolution (4IR),” said Samsung SA’s corporate affairs director Hlubi Shivanda, adding that Samsung welcomes participants who want the opportunity to “create a more inclusive and prosperous society.”

Service centre and enterprise development programme

Samsung’s service centre programme is aimed at bringing skilled engineers to townships and peri-urban areas with a sufficient retail footprint to tackle the repair of mobile devices and consumer electronics.

The Korean-headquartered tech multinational said it will provide two selected entrepreneurs grant-funding to support operations, specialist business development support and access to the company’s service repair network.

The company’s enterprise development programme seeks to provide support to successful entrepreneurs in the form of grant-funding and access to supply chain opportunities to grow their business.

Their EEIP is also searching for a black-owned software development business that can help meet the challenges of the Fourth Industrial Revolution (4IR). To this end, Samsung will provide grant-funding to capitalise the business and access to specialist business development support services.

Ultimately, Samsung South Africa says, it hopes that its EEIP “will make a measurable difference to the socio-economic development of black South Africans.”

Also read: No, BEE is not racist. But it does need some work….

This content has been created as part of our freelancer relief programme. We are supporting journalists and freelance writers impacted by the economic slowdown caused by #lockdownlife.

If you are a freelancer looking to contribute to The South African, read more here.

DMCA.com Protection Status

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *