Grow, develop & nurture

About Us

Innovative

About CFERI

The Centre for Entrepreneurship Rapid Incubator (CFERI) programme is an entrepreneurial initiave focused on assisting college and university graduates in starting their own businesses. The project is funded by the Department of Small Business Development (DSBD) and is implemented by the Small Enterprise Development Agency (SEDA).

The programme’s vision is to grow, develop, nurture and sustain budding entrepreneurs by providing an innovative environment to make a visible impact on agriculture, social and economic development.

The CFERI is committed to upholding of:

Entrepreneurial development

Teaching & learning

Efficiency & good work

Easy access to information

Ethics & integrity

The Lovedale CFERI was officially launched on 1 June 2018 at Lovedale TVET College Alice Campus. Lovedale College has recruited a few students and youth to attend training interventions and participate in the incubation program for 18 months.

Leadership

Management Team

Lovedale TVET College Management / Steering Committee

CFERI

CFERI STAFF

Lovedale TVET College Steering Committee

Relationships

Partnership Model

Lovedale TVET College has developed relationships with local municipalities, universities, Local Government Departments, Small Medium and Micro Enterprises and SETAs in the critical area of skills development. These partnerships have grown exponentially in the last five years, sustaining the college and community development.

External SEDA Stakeholder Partners 

Opportunity

Entrepreneurial Ecosystem

The diagram illustrates how Lovedale CFERI’s support to enhance entrepreneurial ecosystem

Operations

Administration

Compliance
Registration

Stakeholder
Partnerships

Finance

  • Business Sector
  • Agriculture, ICT & Manufactoring
  • Other industries
  • Skills development & Training
  • Coaching & Mentorship
  • Business Training
  • Tax
  • BBBEE & CSD
  • Funding Applications
  • EC Govt
  • Buffalo City MM & Amathole
  • NYDA & SEDA
  • ECDC, Other Funding & Business Support Institution
  • Bookkeeping & Business Financial Management
  • Management accounts
  • Monthly & Quarterly reports

Support

Incubation Model

The Incubation Model provides the following services to the students enrolled into the programme:

Entrepreneur Development | Intensive sessions with business development advisor
Market Assessment | Go-To-Market Strategy | Raise Capital | Seed Fund Access | Entrepreneur Support

The CFERI will support students and local businesses with business support services such as business training, coaching and mentorship

Training

Student Entrepreneurship Support
Programme (SESP)

The CEFRI, in partnership with SESP and academic services, focuses on:

Collect and collate appropriate and relevant local, national and international agribusiness information, including economic, financial and sources of funds market information, networking, branding, as well as compliance.

BCMM & Amathole
District
Community Members

Lovedale Students
DHET

SEDA
CFERI & Makerspace

Lovedale PSU
Learnership
NSF

SIF SMMEs
The DTI (Department of Trade & Industry)

IT, Arts & Design & Engineering Studies
MakerSpace

BCMM & Amathole
District
Community members

The CEFRI, in partnership with SESP and academic services, focuses on:

Collect and collate appropriate and relevant local, national and international agribusiness information, including economic, financial and sources of funds market information, networking, branding, as well as compliance.

BCMM & Amathole
District
Community Members

Lovedale Students
DHET

SIF SMMEs
The DTI (Department of Trade & Industry)

SEDA
CFERI & Makerspace

IT, Arts & Design & Engineering Studies
MakerSpace

Lovedale PSU
Learnership
NSF