{"id":39530,"date":"2023-11-28T18:21:09","date_gmt":"2023-11-28T18:21:09","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=39530"},"modified":"2023-11-28T16:50:15","modified_gmt":"2023-11-28T16:50:15","slug":"stanford-seed-program-graduates-5th-cohort","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/stanford-seed-program-graduates-5th-cohort","title":{"rendered":"Stanford Seed Program graduates 5th Cohort"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Southern Africa\u2019s fifth cohort of the Stanford Seed Program which graduated this past week joined the world of business with top-tier entities set to strike sustainable impact across Africa and beyond.<\/b><\/p>\n

In 2018, De Beers Group partnered with Stanford Graduate School of Business to bring a world-renowned entrepreneurship development program to Southern Africa, the Stanford Seed Program.<\/p>\n

Speaking at the graduation ceremony held recently in Gaborone, De Beers Group Chief Executive Officer, Mr Al Cook, said this was a collaboration that supported entrepreneurs that would shape the future of the region, and it was another example of the long-term strategic partnerships formed to help deliver on \u2018Building Forever\u2019 goals.<\/p>\n

Mr Cook said Building Forever was their commitment to leaving a lasting positive legacy that would endure long after the discovery of the last diamond.<\/p>\n

He said entrepreneurship or capturing the creative energies of people in the region to build businesses that would deliver socio-economic growth, was a foundation of that lasting positive legacy.<\/p>\n

\u201cEntrepreneurship stimulates economic activity, spurs innovation and create jobs,\u201d he said. \u201cEntrepreneurship propels communities and countries forward.\u201d<\/p>\n

He said the Stanford Seed Program was designed to help experienced, committed entrepreneurs take their businesses to the next level by giving them the necessary tools to transform their operations. It covered all aspects of business management, and it coaches the founders and their management teams on how to grow resilient businesses and improve execution.<\/p>\n

Mr Cook said since De Beers began its partnership with Stanford, the results had been very encouraging, including, compound annual revenue growth rate outpaced GDP growth in Botswana, Namibia and South Africa.<\/p>\n

In addition, he said, 29 per cent average annualized job growth has been realized, outperforming local benchmarks, with 2076 new jobs created. In Botswana alone, Mr Cook said, the Stanford Seed companies had increased revenue by $27m, been able to raise $21m in capital, and created 450 new jobs.<\/p>\n

Many have gone on to expand their operations outside the country, he said, citing that equally important to the growth of participants\u2019 businesses, has been the growth of their business networks as alumni of the programme. From gaining access to different areas of expertise to finding new ways to expand a business to the sourcing of raw materials \u2013 as the group grows, and as entities network together, the entrepreneurial aspirations of southern Africa grow with it, he said. \u201cDe Beers knows that the diamonds we discover belong to the countries in which they are found.<\/p>\n

And that is why we will continue to invest in the future of diamond countries with partners like Stanford,\u201d he said.<\/p>\n

Mr Cook said he looked forward to getting to know each business in the future as they work together to make producer country enterprises stronger to support sustainable economic development.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Southern Africa\u2019s fifth cohort of the Stanford Seed Program which graduated this past week joined the world of business with top-tier entities set to strike sustainable impact across Africa and beyond. In 2018, De Beers Group partnered with Stanford Graduate School of Business to bring a world-renowned entrepreneurship development program to Southern […]<\/p>\n","protected":false},"author":84,"featured_media":39529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,244],"tags":[233,237,234],"class_list":["post-39530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-to-homepage","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nStanford Seed Program graduates 5th Cohort - Botswana<\/title>\n<meta name=\"description\" content=\"Southern Africa\u2019s fifth cohort of the Stanford Seed Program which graduated this past week joined the world of busine ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/stanford-seed-program-graduates-5th-cohort\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stanford Seed Program graduates 5th Cohort\" \/>\n<meta property=\"og:description\" content=\"Southern Africa\u2019s fifth cohort of the Stanford Seed Program which graduated this past week joined the world of busine ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/stanford-seed-program-graduates-5th-cohort\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-28T18:21:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/11\/sm_1701177408.324658.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1630\" \/>\n\t<meta property=\"og:image:height\" content=\"466\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/stanford-seed-program-graduates-5th-cohort#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/stanford-seed-program-graduates-5th-cohort\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Stanford Seed Program graduates 5th Cohort\",\"datePublished\":\"2023-11-28T18:21:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/stanford-seed-program-graduates-5th-cohort\"},\"wordCount\":477,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/stanford-seed-program-graduates-5th-cohort#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/11\/sm_1701177408.324658.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"community\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/stanford-seed-program-graduates-5th-cohort#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/stanford-seed-program-graduates-5th-cohort\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/stanford-seed-program-graduates-5th-cohort\",\"name\":\"Stanford Seed Program graduates 5th Cohort - 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