About Us
Our ultimate aim at The Hope Factory is to develop, equip and support previously disadvantaged South Africans to establish and grow their businesses.
Over the past 10 years we have developed and improved our model to the extent that we are making a valuable contribution towards sustainability and enterprise development within South Africa. To date The Hope Factory has equipped more than 800 individuals with the skills needed to achieve their highest level of independence.
We seek to ignite the hope in a person that enables them to set the course for their own future which sets them on the path to developing their enterprise and creating jobs.
Through our model, we take the "bottom rung of the ladder" grassroots entrepreneur and potential entrepreneur through a series of phases. The Hope Factory is acting as an Enterprise Development enabler and hence is just a conduit to the ultimate enterprise development beneficiaries.
THE HOPE FACTORY MODEL
The Hope Factory assists individuals from previously disadvantaged backgrounds. Through an Interview and Selection Process, existing entrepreneurs are selected to join our Enterprise Development Programme and capitalize on the array of services on offer to assist them in enterprise development. Those who are potential entrepreneurs are selected to join the equipping phase.
Equipping Phase
The Equipping phase for potential entrepreneurs consists of 20 weeks of business, technical and life skills training. This phase is accompanied by extensive mentorship and guidance throughout. After the 20 week 'Equipping' phase, the learners graduate.
Assessment and Review
Through the Assessment and Review process, the graduates either continue to the next phase or exit into the formal sector.
Entrepreneurial Development Phase
The remaining graduates are assisted in registering their business, and join our existing entrepreneurs in the Entrepreneurial Development Phase. This phase consists of a bouquet of services underpinned by ongoing mentoring and business development, which include; network opportunities, workshops, seed CAPEX investments, access to markets support and further business training.
The Hope Hub
Access to The Hope Hub provides an opportunity for more established entrepreneurs to grow their business. The Hope Hub addresses challenges the entrepreneurs' encounter- including low cost rental space and infrastructure to help grow their businesses.