In response to South Africa’s poor economic growth and the burgeoning crisis of unemployment, REGENT Business School has made considerable investment to create an entrepreneurial and innovation ecosystem to support the many facets of small business development. The REGENT Enterprise Development Hub (redHUB) has leveraged the institutions’ iLeadLAB and harnessed its academic, research and outreach intellectual property to champion entrepreneurial development. The redHUB’s mission is to provide practical education, training and mentorship for aspirant and early-stage entrepreneurs by nurturing their disruptive and innovative skills using resilient and anti-fragile strategies.
The main components of this initiative are:
• Entrepreneurship development
• Promoting enterprise development among unemployed persons
• Accessing new markets for SMMEs
• Building collaborative networks of businesses