InovarPME is an MSME incubator programme that supports innovation, entrepreneurship and small-business growth in Southern Africa. It is set up as an ecosystem that provides professional and technical support to local MSMEs in key areas of business development and management. It also works with partners in the financial services sector to provide qualifying MSMEs with access to finance and offers monitoring and handholding services to MSMEs, on behalf of lenders. InovarPME is an initiative of the Indiqua Consulting Group, a regional advisory firm with operations in Malawi, Mozambique, South Africa and Eswatini and a head office in Mauritius.
The initiative focuses on helping MSMEs to grow and flourish through:
Innovation
Partnerships and New Knowledge – MSMEs have the advantage of being quick to spot market opportunities; and they are agile, which makes it easier for them to exploit those opportunities for growth. InovarPME helps local MSMEs to pioneer business ideas and to create new knowledge. The program also helps link innovative MSMEs with large corporates that could benefit from partnerships with innovative MSMEs.
Adapting To Change – MSMEs are generally the largest employers in any country. Their impact on an economy can therefore not be underestimated, regardless of market conditions. During economic downturns, well-managed MSMEs can make a huge difference as they are more adaptable to new market conditions, thereby preserving employment and supply of products and services.
Holistic Thinking – InovarPME provides local MSMEs with holistic advisory services to enable them to grow and prosper; and also helps them to withstand difficult economic conditions and to recover from crises quickly.
Our Services To SMEs
InovarPME works with a range of partners to provide crucial support to the MSME sector in Southern Africa. From training, coaching/mentoring to access to finance, the program equips businesses with tools and links to resources, necessary for growth and prosperity.
IDEATION
We help our MSME clients to originate and/or refine their ideas into executable business propositions.
FEASIBILITY
We carry out bankable feasibility studies on behalf of our MSME clients.
FUNDING
Utilising our relationships with local banks and international financiers, we arrange financing, whether working capital and project finance or term loans, supported by international guarantees, where appropriate.
IMPLEMENTATION
We advise our MSME clients as they implement strategic initiatives such as new products, services or commissioning new strategic assets.
EVALUATION
We carry out post-implementation reviews and evaluations to assist our MSME clients to remain on their strategic path.
Our Services To Lenders
InovarPME collaborates with lenders in providing ongoing technical assistance, including credit advisory services and capacity building to local MSMEs, preparing to access credit facilities. The programme also carries out post-disbursement monitoring of borrowers on behalf of lenders.
