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Calling on all start-up ICT Entrepreneurs!

The Cape IT Initiative (CITI) invites all start-up ICT businesses to join their business acceleration campaign.

VeloCITI Project background ...
VELOCITI is aimed at young IT entrepreneurs who are running a business where the true
potential is yet to be fully exploited. The business should have high growth potential and be able to become a Western Cape success story. VeloCITI is running for 3 years and has produced many success stories.

At the end of the project, all participants will be provided with a certificate of completion and a letter of endorsement from CITI which could form part of your business plan. The focus is for each entrepreneur to walk away with a completed business plan, financial administration tools, and a strong network.

The following is measured at the beginning and the end of the programme and 6 months later:
  • Turnover
  • Employment
  • Number and size of clients – indicates progress
  • Size of proposals generated – indicates progress

The VeloCITI Programme will require the following commitment from the Entrepreneur:
  • All participants will spend approximately 14 hours per month dedicated to the programme for 8 months
  • This includes: Attending a 2 hour monthly session with their mentor
  • Attending a weekly 3 hour group session at the Bandwith Barn
  • Attendance at 3 social get-togethers, with guest speakers

The VeloCITI course content covers the following:
  • Value Proposition, Market & Customer Segmentation
  • The Business Model
  • Practical Operations Strategy
  • Pricing, Marketing, Sales, Negotiation
  • Crossing the Chasm
  • People Management
  • External Relationships
  • Market Positioning, Cold Calling
  • Preparing a Business Plan

The optional finance course covers the following:
  • Basic Business Records
  • Analysis of Financial Statements
  • Budgets and Forecasts
  • Taking Stock
  • Management Reports
  • Taxation
  • Intro to Funding
  • The Financial Plan

Participant Profile

The selected companies must be:
  • Western Cape based
  • ICT focused or significantly ICT enabled
  • Operating for a minimum of 6 months
  • Registered in SA with SARS, and
  • must have high growth potential

CITI invites you to forward an application with the following:
  • A detailed copy of your business profile
  • The VeloCITI application form

Cost: This initiative is funded by Provincial Government of the Western Cape.

Applications with supporting documentation should reach CITI by Sunday, 31 August 2008 at 20h00, and be addressed to the project manager, Tamzin Martin: tamzin@citi.org.za . For queries call Tamzin on 021 409 7000.

 
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