In a bold initiative aimed at transforming the landscape of business education and bolstering the development of Small and Medium Enterprises (SMEs) throughout Africa and the Middle East, the South African-based business consultancy, Thinkroom, has announced the introduction of its revolutionary streaming education platform, Thinkubate.
This strategic move is a testament to Thinkroom’s commitment to fostering a culture of entrepreneurship and propelling the trajectory of business success within these vibrant regions.
As a co-owner of the Grindstone Accelerator, in partnership with Knife Capital, Thinkroom has already established itself as a consultancy business that is deeply committed to fostering innovation and growth within the entrepreneurial community. Building on this foundation, Thinkubate emerges as a cutting-edge business education service designed to function as an Incubator|Accelerator-as-a-Platform (IAaaP).
This innovative model seamlessly integrates the principles of incubation and acceleration into a digital platform, offering a unique blend of resources, guidance, and support tailored to the needs of burgeoning businesses.
Thinkubate’s mission is to disrupt the high business failure rate with expert education that works. An essential part of Thinkubate’s process is life-stage assessments that define the gaps and learning experiences needed to empower entrepreneurs and SMEs
Catherine Young, founder of Thinkroom and Thinkubate.
At the heart of Thinkubate is a sophisticated digital backend architecture that is dedicated to developing entrepreneurial capacity and providing a much-needed boost to SMEs. This digital infrastructure is complemented by a state-of-the-art learning management system (LMS), which forms the backbone of the educational offerings on the platform. The LMS is designed to be intuitive and user-friendly, ensuring that business owners can easily access and engage with the content to drive their learning and growth.
In addition to the core educational content, Thinkubate offers a range of features and services designed to support entrepreneurs at every stage of their journey. These include access to mentorship from industry experts, networking opportunities with fellow business owners, and practical resources to implement learning into action. With Thinkubate, Thinkroom is not just delivering education; it is creating an ecosystem where entrepreneurs can thrive, innovate, and contribute to the economic growth of their communities.
“Thinkubate’s mission is to disrupt the high business failure rate with expert education that works. An essential part of Thinkubate’s process is life-stage assessments that define the gaps and learning experiences needed to empower entrepreneurs and SMEs. The assessments establish which interventions will close these gaps,” says Catherine Young, founder of Thinkroom and Thinkubate.
“Nine out of ten startups fail, while two out of every ten new companies fail in their first year of business. After ten years of building entrepreneurial capacity with large organizations, we have learned a thing or two about how to stack the odds in favor of entrepreneurs so that we decrease these failure rates.”
