Startup Nations Policy Hackathon to Hack Policy Barriers facing SMES

How to Save Your Company from CIPC Deregistration

How to Save Your Company from CIPC DeregistrationThe Global Entrepreneurship Network (GEN) Africa, the World Bank, the United Nations Conference on Trade and Development (UNCTAD), the Department of Small Business Development (DSBD) South Africa and the Industrial Development Corporation (IDC), have partnered together to host a Startup Nations Policy Hackathon.

Hackathons (also known as a hack day, hackfest or codefest) are design sprint-like events in which computer programmers or thinkers and others are involved in software development and other developmental initiatives.

According to Mulalo Rambau, Startup Nations South Africa policy lead, this hackathon will gather together startup ecosystem representatives, which includes the participation of entrepreneurs to ‘hack’ a specific policy solution in response to identified challenges in the ecosystem.

22 ON SLOANE will host the event on the 11th May 2018 and it will focus on themes identified through a consultative process between the IDC, the Department of Small Business Development (DSBD), the World Bank and UNCTAD representatives. The themes identified include the following:

  • Reducing barriers to entry for startups (e.g. company registration process, regulatory burden, tax burden)
  • Reducing late invoice payments (from public to private sector)
  • Monitoring and evaluating 30% procurement and access to markets from SMMEs and cooperatives
  • Reducing trade barriers between regional blocs in Africa (SADC, EAC, ECOWAS)
  • Implementing entrepreneurship education in basic education curriculums

Finding solutions

In most market economies, except the most flexible and deregulated, there are significant barriers to business growth. For example, in the UK the important issues have been highlighted in a report by the Federation of Small Businesses, entitled ‘Barriers to Survival and Growth in UK Small Firms’. It reveals that transition economies can expect more severe barriers regarding the growth of SMEs. Therefore, special attention need to be given to the barriers which hinder the development of potentially fast growth firms, i.e. those that have the greatest capacity to provide employment and introduce innovations as well as new technologies.

During his state of the nation address, President Cyril Ramaphosa acknowledged the issues of bureaucracy, red tape and inflexible legislation and how these hinder and limit enterprise growth for start-ups, small, micro and medium-sized businesses.

The policy hack concept is focused on real policy challenges, actual implementation and impact; results produced from the hack should be tested in an identified area.

To RSVP visit: https://22onsloane.co/events/startup-nations-policy-hackathon/

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Lebohang Thulo
Lebohang Thulo
Lebohang Thulo is the editor of SME South Africa. She enjoys keeping up with the country’s exciting and fast developing entrepreneurship ecosystem. You can find her at @lelele3