In 2016, BAC introduced a P20 000 business start - up sponsorship program to promote the spirit of innovation and entrepreneurship amongst the youth, specifically BAC Alumni. The start-up sponsorship is called “Unleashing the Entrepreneur, Live your dream with BAC”. The aim is to encourage our youth to come up with initiatives that can address current business needs and contribute to employment creation and economic diversification.
As a business school, we are aware that our students and graduates continue to come up with innovative projects which often need support to be converted into viable business solutions and this program provides an opportunity for them to present their ideas. In order to contribute to employment creation, we saw this as an opportunity to nurture budding entrepreneurs by giving them start-up funds and as well as business advisory skills to ensure that they are well prepared for a successful take off.
Business proposals should meet the following criteria
§ Unemployed BAC alumni wishing to venture into any kind of business from all sectors of the economy from consultancy, tourism, agriculture, education, information technology as long as it is a business solution that can address the market needs
§ Quality of the business idea - the solution must be unique or innovative, there should be a substantiated market demand for the service or product and this product or service must be user friendly and add value to the end user.
The winner of the 2016 “Unleashing the Entrepreneur, Live your dream with BAC” is Royal Link, a Business Architecture (BA) company owned by our alumni Mr Howard Morakanyane and Mr Kealeboga Baakanyang.
Royal Link has quite an extensive range of products, which include amongst others; business process management, cost rationalisation, tax consultancy, business and strategy planning and opportunities mapping. The underlying aim of BA is to automate and e-manage companies, through interrogation of all facets of the company.