An innovative collaboration- The launch of the Innovation Factory

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InnvovHub-TsystemThe Innovation Hub, T-Systems and the Maxum Business Incubator have collaborated to launch the Innovation Factory. The Innovation Factory will aid the entrepreneurs who are part of the Maxum incubator programme to be in a space where they’ll be able to work effectively in a high tech environment. With a state of the art boardroom, hot desking and a collaborative working space, this facility will allow the entrepreneurs to enhance their working conditions.

The Innovation Factory launch was held at The Innovation Hub in Pretoria on May 28, 2014. Maxum is an incubation programme that helps fast-track the growth of start-up companies in their early stages. Maxum offers financial aid to some companies but also helps the start-ups with subsidised office space, mentorship, networking platforms, legal advice and other facilities inorder to ensure sustainable growth. “What this space means for the entrepreneur is that it takes away the excuse not to innovate.” says McLean Sibanda, the CEO of The Innovation Hub.

The incubation covers a large scope in the knowledge-intensive sectors including sustainable development, green economy information and communications technology (ICT), biosciences, electronics, and advanced manufacturing and materials.

T- Systems MD Gert Schoonbee says, “The biggest challenge about these platforms is that it’s just a platform, you need to go and make something out of it.” T-Systems is one of the country’s leading ICT outsourcing providers, and they specialize in German technology. It takes German technology and localises it for the South African market. So it is no doubt that the incubatees will be exposed to some of the best technology in the market.

The Innovation Factory will be a hub for the entrepreneurs to come up with world changing innovations inorder to develop and move our country and continent forward. Entrepreneurship enforces job creation which impacts the economy, what the Maxum programme does is that it quickens the process yet ensuring that the companies progress is sustainable inorder for it to be compatible in the market place.

The Innovation Hub is a catalyst for innovative solutions. One of their missions is to foster entrepreneurship and incubate new innovative companies. The placement of this Innovation Factory is strategic in that it allows creative and innovative problem solving and also exposes these entreptreneurs to the global market and this will enable them to compete on an international standard. One of the main features of the factory is a spot where one can conduct a 15-minute standing meeting, these are some of the unconventional ways of business that the Innovation Factory aims to promote.

This is a space that encourages creative business solutions and knowledge sharing, not only amongst the budding entrepreneurs but also allows interaction between prospective clients, mentors and business experts. So this is accessible not only for the Maxum recipients but also to a wider range of customers and also staff members.

We are a country that is fast growing and developing and it is great to see the changes that are being implemented inorder to achieve that.

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