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Enabling Entrepreneurship Technical Task Team Basic Education, Higher Education, FET and SMME workstreams. HRDC Summit 4 March 2014 Dr Taddy Blecher. 11 Million new jobs n eed to be created by 2030 according to the NDP. Million jobs.
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4 March 2014
Dr Taddy Blecher
If current statistics hold, 7.7m of the additional jobs would need to be provided through SMMEs
Entrepreneurship and entrepreneurs MUST be developed, encouraged and supported
*140 out of 144 countries worldwide
** 2nd lowest in the world
Phases of entrepreneurship
Source: GEM South Africa report 2012
Schools: Non-business studies students spend a maximum of 100 hoursbetween Grade 1-12 on entrepreneurship (8 hours per year). Business Studies students learn business theory, but not entrepreneurship
FET Colleges: “We estimate that less than 1 student in 10 at FET colleges learns anything about entrepreneurship. Less than 1 in 100 graduates starts a business” Chief Director DHET
Universities: 95% of university staff interviewed felt that universities in South Africa are not sufficiently entrepreneurial
4. SMME’s: 62% of entrepreneurs surveyed feel government makes it more difficult for them to operate (tax regime, compliance requirements, etc.)*
5. New Ventures: less than 2 in 100 new ventures in most government training programmes are making it beyond 2-years
Entrepreneurship education needs to be included at schools, FET Colleges, Universities and across broader society
A culture of entrepreneurship must be developed through education, media and PR
All aspects of the entrepreneurship ecosystem must be optimised
Removal of administrative burdens to ensure ease of doing business
4. Include in the University funding formula support for Innovation Outputs that can lead to IP and job creation
5. Develop partnerships to advance entrepreneurship education
6. Measure and track entrepreneurship initiatives
5. Profile entrepreneurship as a worthy pursuit and encourage interactions with small businesses
6. Focus on placing graduates in small businesses for internships, mentoring and skills
7. Develop a life-long support ecosystem for FET graduates (internet, mobile)
4. SMME’s: Establish a massively scalable ecosystem of support (2 of 2)
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