South Africa currently has around 150 incubators, the majority of which are Government supported, via the Small Enterprise Development Agency (Seda) through their Technology Programme (STP).
The Southern African Business and Technology Incubation Association (SABTIA) was initially set up in 2005 to serve as the incubator industry standards, practitioner and members association, by providing the dissemination of knowledge, skills and expertise to all incubators nationally, continentally and internationally through partnerships with stakeholders like STP.
SABTIA is an independent and private association formed to promote and coordinate business incubation in Southern Africa.
To serve as the association that advocates for all incubators, accelerators, educational institutions and developmental stakeholders’ credibility through education and the consolidation of training and certification programmes, benchmarking and standards codes of good practice, networks, facilitation of events, shared services and innovative solutions.
SABTIA was established to:
-Develop a network of organisations, individuals and companies to support SMME development in Southern Africa.
-Promote and stimulate a knowledge-based economy.
-Lobby decision makers and stakeholders on behalf of its members.
-Expand the business incubator concept in a creative, results-driven environment to activate growth and economic vitality.
-Serve as an entry point for international incubation into SA.
-Develop good practice standards and methods for business incubators.
-Develop and encourage a professional code of conduct within the incubation fraternity.