Telkom has announced an investment of over R100 million in enterprise and supplier development with the launch of its FutureMakers programme.<\/p>\n
FutureMakers focuses on driving innovation in the ICT sector by growing access to technology and by offering long-term support to its beneficiaries.<\/p>\n
The new programme supports small, medium and micro-enterprises (SMMEs) with funding, business development and telecommunications services.<\/p>\n
It will leverage Telkom\u2019s own national footprint of products and services, resources, and assets, by providing funding, business support, technology and mentoring, Telkom said.<\/p>\n
The FutureMakers programme comprises four pillars: FutureFund, FutureSource, FutureHub and FutureProof.<\/p>\n
Through the FutureFund, Telkom is making an initial investment of R100 million to extend financial support to SMMEs that supply Telkom or that work within the broader ICT sector.<\/p>\n
This funding will be in the form of working capital, loans and equity. Identity Development Fund managers have been appointed to manage the fund on behalf of Telkom.<\/p>\n
In parallel with financial support, Telkom is also investing in local suppliers and partners as well as potential suppliers, third party distributors, internet cafes, and innovative ICT start-ups by helping them to become more competitive, through the FutureSource initiative.<\/p>\n
Entrepreneurs who are part of the FutureSource initiative will receive business development support and training from some of South Africa\u2019s top SMME development providers.<\/p>\n
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