Business incubator to open

2015-05-27 06:00
Photo: supplied
The company will address the most challenging aspects of building a successful new company.

Photo: supplied The company will address the most challenging aspects of building a successful new company.

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THE Garage is a new technology and business incubator that will be based in Amanzimtoti which hopes to develop entrepreneurs to their full potential.

The company will address the most challenging aspects of building a successful new company, namely access to space, early capital and expert mentoring that turns ideas into tangible business models.

The brainchild of Lindon Corporation, The Garage evaluates business ideas that demonstrate merit, irrespective of the sector.

Ideas are subjected to a set of qualifying criteria to determine the merits of the idea. Qualifying entrepreneurs are then offered low rental office space and office support, expert business coaching and incubation of the business idea until it is ready for commercialisation. Seed funding and post-commercialisation support is also offered under certain conditions.

A key objective of the company is to facilitate the acquaintance of investors with these next-generation entrepreneurs.

The communities surrounding the business incubator would also prosper directly and indirectly as a large number of the ‘graduates’ from the incubator would most likely expand and/or locate nearby, boosting local employment and regenerating the area.

Lindon wishes to partner with entrepreneurs that have great ideas. Interested entrepreneurs may get in touch with Lindon Corporation on 031 904 1050 or

- Supplied

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