Standard Bank and Thinkroom have announced the launch of the Standard Bank Development Program, an enterprise development initiative aimed at supporting 10 entrepreneurs as they grow and scale. The program focuses on practical, timely and comprehensive interventions, encompassing all stages of business growth and driving market and investment readiness. 

The Standard Bank Development Programme, in partnership with Thinkroom, offers comprehensive assessment and a precise development plan to ensure accountability and success for each participating business and founder. With Thinkroom South Africa’s extensive experience working with SMEs in enterprise and supplier development programs, and the enterprise support of Standard Bank, selected startups will have a solid foundation to build upon their success.

To qualify for the program, entrepreneurs must be majority black-owned, generate less than ZAR10 million (USD 530 K) in revenue annually, and have time to commit to growing their businesses. A total of 10 companies will be chosen to join the program, benefitting from a vibrant community of innovators, go-to-market readiness, access to customer opportunities, mentorship, potential funding opportunities and valuable industry connections. Interested parties can apply here.