Samti
Agriculture in Bloemfontein
www.samti.co.za
Address
20 President Brand Street. Bloemfontein. Freestate. 9301What you should know about Samti
SAMTI is a Seda Agricultural and Mining Tooling Incubator and is a Tooling and Design.
SAMTI is funded funded SEDA, supported by the Central University of Technology (CUT) to develop the SMME tooling market in the Free State Province. Our aim is to develop SMMEs that supply tools to the Mining and Agriculture environments in South Africa, and in so doing create an enterprise within the tooling sector. We employ a technology-based development approach to train individuals and regional communities in the act of designing and producing tools. Beyond that, we also provide innovative, entrepreneurial opportunities to people and assist with the establishment of sustainable tooling design businesses. We are based in the Faculty of Engineering on the CUT campus in Bloemfontein, Free State. Over the years, we have become a major role player in the global economy with the enhancement of knowledge in society and the development of regional communities through research, development and technology. Our aim is to have sustainable businesses at the end of the incubation process that are able to perform independently and profitably. Facilitation and assistance with the management of Intellectual Property. By providing value adding services to SMMEs in the Free State, we hope to see their businesses grow and develop. We focus on training individuals and regional communities on the design and development of tools through a technology-based development approach. We provide innovative, entrepreneurial opportunities to people to create and develop an enterprise within the tooling sector. We assist with the establishment of sustainable tooling design businesses. We are based in the Faculty in Engineering on the CUT campus in Bloemfontein, Free State. SAMTI is a funded subsidiary of SEDA, supported by CUT to develop the SMME tooling market in the Free State Province. After prospective tenants have submitted their applications to the SAMTI programme, they will have to give a brief presentation to the panel during an interview. To assist in protecting the client’s intellectual property, they will enter into a non-disclosure agreement with SAMTI. Based on their presentation and interview, the prospective tenant will be rated. This will determine whether or not they qualify for the incubation process. Once a client’s business idea is approved and the contract signed, they become a project of SAMTI. This process includes a period of business development services, support, coaching and mentorship given to kick-start and run the business. By being accepted as a project of SAMTI, clients graduate into tenants with registered businesses. All businesses that take part in SAMTI’s programme are expected to graduate. Once they are sufficiently developed and generate enough profit, they must move on to make way for new ventures and SAMTI projects. The incubation process takes about three years to complete. Once this time has passed, successful tenants should be able to operate without the assistance from SAMTI. Enough support is given to tenants throughout the process that once the three years have passed, tenants should be well established. By participating in SAMTI, tenants will have had plenty networking opportunities as well as had opportunities to attend industry workshops, gaining valuable knowledge in doing so. Graduates are considered successful and sustainable tooling design enterprises serving the Agriculture and Mining industries in the Free State Province.
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