First Entrepreneurs One Stop Centre Launched in Kenya.
NAIROBI, Kenya, 27 Feb – Wylde International has invested Sh50 million in the first one stop shop entrepreneurs Centre in the world in Nairobi dubbed SNDBX.
The centre gives entrepreneurs and SMEs timely and personalised access to round the clock business growth experts to help face challenges they are experiencing.
The centre is an all access pass to more than 20 experts including finance, human resources, tax, legal, branding, marketing, debt collection, innovation, governance and risk management among others.
Speaking during the launch Wylde International Chief Executive Joram Mwinamo and Founder of SNDBX, says the move was necessitated by the need in the market to help entrepreneurs scale up.
“An environment where ambitious entrepreneurs have supporting cast of seasoned professionals. The SNDBX is a First of its kind in the world, developed over 10 years of working with entrepreneurs, it’s designed to ensure sustainable models for business support through a proven methodology localise for the African ecosystem,” Mwinamo added.
The move comes even as SMEs in the country struggle to get past the five-year mark.
Latest data from the Kenya National Bureau of statistics indicate that about 400,000 SMES close shop annually in the country with 46 percent of them dying in the first year of establishment.
Those SMEs which shut down especially in the first five years, attribute it to making losses, poor investment choices and market saturation.
“SNDBX will be the engine for entrepreneur growth, we plan to launch other centres in other cities in the country and replicate it regionally,” he added.
Nairobi Senator, Hon. Johnson Sakaja applauded the move adding that the concept is what we need for entrepreneurs in the country
“We are excited that this was first launched in Nairobi County, ” he noted.
On her part, British Deputy High Commissioner to Kenya, Ms Susie Kitchens says the world is watching Kenya as it makes this innovative and disruptive entrepreneurial concept and it will go a long way in building big business in Kenya and the region.
Kenya’s SME sector constitutes 98 percent of the businesses in Kenya and provides 30 percent of annual employment.
FREQUENTLY ASKED QUESTIONS ABOUT SNDBX
1.What is SNDBX?
SNDBX is the first comprehensive and sustainable entrepreneurship support concept in the world. It brings together entrepreneurial experts who cover more than 20 different disciplines to power businesses and entrepreneurs to scale. At the SNDBX, entrepreneurs have an all-access pass to access tools, mentorship, coaching, consulting and professional services ranging from finance, HR, tax, legal, branding, marketing, PR, sales, service excellence, digital marketing, debt collection, innovation, governance, risk management etc.
How it is pronounced – sandbox
- What it is not
SNDBX is not a co-working space i.e.
The SNDBX model is not about providing entrepreneurs rental facilities either for day-desks or monthly desk-lease agreements. SNDBX is a unique co-working concept that focuses on service providers for entrepreneurs sitting in one space. The service providers who are entrepreneurs themselves offer professional solutions that are sensitively priced and structured to give the entrepreneur, step by step simplified and practical solutions. The entrepreneur is handheld to achieve compliance with regulators and to set up systems and structures that position them for growth and investment.
- How does SDBX work?
At the heart of SNDBX is collaboration.
We draw our inspiration from our African culture of community approach to development.
We believe it takes a village to grow a business. Internally, experts collaborate to enhance capacity to deliver on their current portfolios. Externally, experts collaborate to offer entrepreneurs practical, proven and sensitively priced solutions guaranteed to position SME’s for growth. The entrepreneurs or Institutions seeking centralised business development services walk into or contact the SNDBX and from a central point they can be able to get a diagnosis of which services they need or to access any expert amongst the 17 that they need to solve their problems or address their needs.
- When does it begin its operations?
SNDBX Launches on the 27th of February and will be open to the public from the launch date.
- Who would benefit from SNDBX?
SNDBX targets ambitious entrepreneurs seeking to build unique and high-quality products and services. It also targets institutions that work with entrepreneurs like NGOS, Donors, banks and financiers.