Anglo American has relaunched its Entrepreneur Internship Programme (EIP) which offers support for small to medium sized business ventures with potential for growth.
The mining giant, Anglo American, said in a statement it is calling on aspiring entrepreneurs with great ideas, and owners of established businesses to apply for participation in its second edition of the EIP.
The group said the EIP offers early-stage entrepreneurs and established business owners, with business development support, industry exposure, mentoring and networking opportunities. It has teamed up with Aurik Business Incubator which is led by well knows player in the business mentorship space Pavlo Phitidis.
The EIP is positioned to benefit from Anglo American’s enterprise development arm Zimele. The group said successful candidates for the EIP may after the necessary analysis qualify for additional funding from Anglo American Zimele.
Khanyisile Kweyama, Anglo American South Africa’s executive director said “Providing great business opportunities to high potential entrepreneurs allows their companies to become large-scale and meaningful enterprises, which creates new and sustainable jobs.
“Anglo American is pleased to launch the second Entrepreneur Internship Programme, and we are confident that we will be able to replicate the success of the first EIP and see more deserving business people reach their potential and make a positive impact on the South African economy.”
Aurik Business Incubator CEO, Pavlo Phitidis, said “South Africa has several promising entrepreneurs with so much promise, but many of them do not have access to the skills, industry knowledge, business networks and support they need to succeed. By developing their core competencies, and offering support and advice, the EIP provides entrepreneurs with a critical stepping stone to growing their own business creating real and sustainable value for our local economy.”
Anglo American said it is calling on applications from within the company and externally, including entrepreneurs who may have already submitted proposals to Anglo American’s enterprise development arm Zimele.
Business owners and entrepreneurs who apply will undergo a selection process that includes an entrepreneurial aptitude assessment, one-on-one in-depth interviews, and a face-to-face panel interview.
Throughout the process, Aurik will provide mentorship to the entrepreneurs, which will enable them to put together a business plan to start their new company or expand an existing one.