criteria
Selection criteria
The following is the selection criteria for the Bafokeng Foundry.
- Entrepreneurs (including aspiring entrepreneurs) or businesses that are part of the Royal Bafokeng Nation. This also includes Bafokeng in the diaspora.
- Entrepreneurs or businesses with ideas that can use technology to improve their product or service (a business does not have to be using technology when they enter the programme – part of the programme will guide in how best to use tech).
- 18 years and above.
- We will consider great ideas and existing start-ups & businesses that are solving RBN problems.
- Business ideas that are commercial in nature.
- Business ideas that have the potential to succeed in the identified market.
- Business ideas that have the potential to grow in a profitable manner.
Candidate Requirements
- Entrepreneurs that live in the Royal Bafokeng Nation villages or Bafokeng who are part of the diaspora.
- Entrepreneurs committed to high levels of integrity.
- Entrepreneurs that are deeply passionate about their business idea and solving problems.
- Entrepreneurs that are hard-working and resilient.
- Entrepreneurs committed to high performance, continuous learning and excellence.
- Entrepreneurs that seek to better understand innovation and its impact.
- Entrepreneurs committed to creating real world solutions.
- Entrepreneurs who are open to receiving and considering feedback from others.
- Entrepreneurs who are not afraid to be held accountable.
- Ambitious entrepreneurs that are pursuing scale and growth.
- Entrepreneurs that can work well both independently and in a team.
- Entrepreneurs that are intentional in their pursuit of both personal and business growth.
Required Documentation for Application
As part of the application, the following documentation will need to be uploaded:
- Business idea outlining the problem to be addressed and the solution to the problem.
- Details on entrepreneur, entrepreneur’s business background story, and motivation for applying.
- CIPC registration if you have an existing business (for clarity: you can still apply even if no existing business).
- Copy of Identity Document.
- A document that shows you are either Bafokeng (letter of Kgosana) or you live in the RBN (proof of residence).
