South African business consultancy Thinkroom has launched a new streaming education platform, called Thinkubate.
Co-owner of the Grindstone Accelerator, with Knife Capital, Thinkroom is a consultancy business, and Thinkubate is a business education service that operates as an Incubator|Accelerator-as-a-Platform (IAaaP).
Complete with a sophisticated digital backend that develops entrepreneurial capacity and boosts Small and Medium Enterprises (SMEs), Thinkubate has a state-of-the-art learning management system that underpins it that has already been used successfully to empower 2,500 business owners across Africa and the Middle East.
“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 organisations we have learned a thing or two about how to stack the odds in favour of entrepreneurs so that we decrease these failure rates.”
