Description: The subsidised premises at Riversands Incubation Hub set us apart from most other business incubators and are designed to enable an SME’s growth. The flexible lease is designed to accommodate the ever-changing needs of small business owners.
Units range in size from small furnished business suites through to 50m² mini factories and larger 200m² factory spaces and a food court.
We’re looking for smart, resilient entrepreneurs with the ability to build strong, successful businesses. Apply for premises and other support services if you have what it takes, but would like to get there faster.
Riversands offers entrepreneurs a potent mix of professional premises, visibility and access to markets, mentorship and training opportunities, while removing some of the administrative burden faced by small business owners.
Riversands Incubation Hub is a large-scale business incubator and is home to more than 150 small businesses with many more entrepreneurs supported through business development and support services offered.
The Hub is located at the centre of the Riversands Commercial Park. The primary intention of the incubator is to create a strong, enabling ecosystem which fosters the development of high-potential enterprises.
To qualify for premises entrepreneurs need to meet the following criteria:
• Have a company with at least 51% black ownership
• Have a viable business with potential to grow
• Economic opportunity created for surrounding area
• Demonstrate entrepreneurial characteristics and ability to execute
• Fit to Hub
• Ratio of cost and risk to benefit
Costs
Premises at Riversands Incubation Hub are available at a highly subsidised rate of R54 per square metre. The three other support pillars are available at affordable prices or free of charge thanks to corporate sponsorship.
The follwing units are currently available:
Type
Size
Usage
Monthly rental
Factory
50 m²
Light manufacturing* (two available)
R2 700 ex VAT
Factory
75 m²
Light manufacturing* (one available)
R4 050 ex VAT
Factory
200 m²
Light manufacturing* (six available)
R10 800 ex VAT
Factory
100 m²
Light manufacturing* (two available)
R5 400 ex VAT
Food outlet
50 m²
Small food outlet (two available)
R2 700 ex VAT
Food outlet
100 m²
Small food outlet (one available)
R5 400 ex VAT
Starter Business Suites
14 m²
Office space (three available)
R1 800 ex VAT
Starter Business Suites
20 m²
Office space (two available)
R2 200 ex VAT
This table will be updated regularly. If you are interested in premises and don’t see anything suitable, please keep checking the website.
Riversands Incubation Hub (Owner)
