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South African Institute for Entrepreneurship's mission is to develop an entrepreneurial culture and mindset in youth and adults, and to assist in the creation of entrepreneurs. South African Institute for Entrepreneurship develops innovative materials that utilise original, creative methodologies, and trains educators and trainers to convey business skills and uncover entrepreneurship qualities.
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The South African Institute for Entrepreneurship was established in 1996. The initial focus was to provide business skills training materials for illiterate or semi-literate adults. This resulted in the development of the BEST Game, a simulation training tool that provides an interactive and intensive work-out in which participants learn basic business management principles by running a virtual venture in the training room.
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- South African Institute for Entrepreneurship’s Business Ventures programme provides schools with the complete Economic and Management Sciences curriculum
- South African Institute for Entrepreneurship's educator training course has been accredited by SAQA in terms of NQF compliance. This will give all trained educators 14 credits towards their life-long learning
- More than 4000 programmes have been placed in some 2 500 South African schools
- 75 countries (and 17 languages) have been reached with the South African Institute for Entrepreneurship programmes
- A schools’ Business Ventures competition has been introduced with an annual Awards ceremony to acknowledge and reward South Africa’s most innovative future entrepreneurs
- In 2003 there were more than 100 entrants in 5 categories (primary school learners, secondary school learners, educators, schools and out-of-school youth)
- In 2004 this increased to more than 500 entries in 4 categories
- A research project is being conducted jointly with the University of Cape Town Centre for Innovation and Entrepreneurship to assess the impact of Business Ventures on the entrepreneurial development of learners
- The pilot evaluation states that “findings convincingly demonstrate that participating in Business Ventures results in statistically significant differences in participant’s entrepreneurial attitudes and knowledge”.
- The University CapeTown’s Centre for Innovation and Entrepeneurship has requested that South African Institute for Entrepreneurship assist in the collection of data for the 2004 Global Entrepreneurship Monitor
- South African Institute for Entrepreneurship was the Umsobomvu Youth Fund’s Allocating Agent in the Western Cape for their Pilot Voucher Programmes (providing vouchers to small business clients which can be “spent” at service providers and redeemed from UYF)
- To assess the legitimacy and viability of the client on behalf of UYF and give approval for the issuing of a voucher
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- The Business Simulation consists of four modules namely - Profiting from a Home Business, Supply and Demand, Reaching your customer and Consolidation
- Additional modules include Money Planner, Business Planner, Business Ideas Generator, Business Basics, Plan it and Assess It
- The learning points build incrementally on each other and are continually reinforced with the running of each module
- In addition to teaching a wealth of business and specific skills, the BEST Game is also very successful in emphasising important life skills such as teamwork, the essential elements of good communication, organisation, negotiation and compromise
- In 1994, the ILO approached the institute with a view to establishing a partnership that would enable them to utilise the BEST Game internationally
- The partnership was finalised in 1995 and resulted in additional training modules being developed in order to expand the reach of the materials to other settings and participants, particularly to youth and school-going learners
- In 1996 and 1998 respectively, South African Institute for Entrepreneurship established additional partnerships with licensees in the Philippines and Brazil, and in 2000 with Making Cents, an organisation based in Washington DC that markets and implements South African Institute for Entrepreneurship's programmes worldwide
- Through these activities internationally, South African Institute for Entrepreneurship’s products are now used in 75 countries and have been culturally adapted and translated into 17 languages
- One of the most exciting developments arising out of this expansion and success was the development of entrepreneurial business development training tools for schools – known as the Business Ventures programme
- This means that the institute now has a comprehensive range of training materials for all training settings
- These are currently provided to community based, non-governmental organisations involved in skills training, to schools, universities and to corporate staff development programmes
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In the schools setting, Business Ventures offers learners from Grades 2 to 12 the opportunity to engage in activities that capture their attention, stimulate their imagination and their interest in business whilst assisting them develop entrepreneurial attitudes, habits and skills
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As a creative simulation tool, the programmes also enable participants to discover the ideas within themselves
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The repeated exposure to the programme in each grade assists learners gain an in-depth understanding of the concepts, achieved by doing, which is the very basis of Outcomes Based Education
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Each Business Ventures programme includes all the Learning Outcomes for the Economic and Management Sciences Learning Area of the new school curriculum
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| The quickest and easiest way to donate is with money. Click here to donate to this cause. |
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| Find out more about this Cause's project request: |
| ED-EC-NOV-0004 |
| ED-WC-NOV-0001 |
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