Why do we need an Enterprise Hub in Lesotho?
An Enterprise Hub in the entrepreneurial sense is a kind of greenhouse for start-up enterprises. In this protected incubation environment, entrepreneurs with innovative business ideas can be consulted and trained. Incubation Hubs are contact points for entrepreneurial learning, thinking and connecting people where they share, network and mutually benefit from one another.
The importance of having an Enterprise Hub in Lesotho is immense; a place of this nature would be able to open up multiple doors for entrepreneurs and is currently an essential missing piece in the entrepreneurial ecosystem. With the unemployment rate in Lesotho as high as 30% amongst youth, there is a dire need for young people to go into business in order to make a living for themselves and their families. The rate of poverty in Lesotho stands at almost 50% , which calls for an urgent need for Basotho youth to be motivated, skilled and well equipped to create platforms for employment and thus fueling the country’s economy.
The Hub will represent an environment in which aspiring entrepreneurs can prosper in the entrepreneurship learning space. They will gain access to essential business development services from business and financial planning to legal and human resource specialists. They will get to share their knowledge through peer to peer interaction, while at the same time having much needed space in terms of offices, meeting rooms and workshops to experiment their ideas and create prototypes of their forthcoming products and services before taking them to market. The Hub will also offer access to market and act as a referral centre linking startups to clients and potential investors, thus being a centre of business excellence acting as a benchmark for other businesses in the country. The existence of this Hub will inspire innovations that could change the livelihoods of a significant number of people living in Lesotho.
An Enterprise Hub therefore signifies a ray of hope for multiple entrepreneurs in Lesotho who have great ideas and new businesses, but lack the platform and tools needed in order to make these ideas and enterprises flourish. The Hub will also be a place of inspiration for the Basotho nation at large; a place where some of the wildest dreams are born and attained, a place to birth some of the most successful businesswomen and men to ever come out of the Mountain Kingdom.
To make all this happen we need to raise $100,000 by December 30, 2020. Learn how you can help here
You can read more about the plans for the Enterprise Hub here