Propella Business Incubator is a leading South African technology and advanced manufacturing incubator positioned at the forefront of Green Economy enterprise development and commercialisation support.
Propella Business Incubator was established in 2015 by Innovolve, the wholly-owned commercialization company of Nelson Mandela University, in collaboration with Engeli Enterprise Development. This establishment was made successful by obtaining seed funding from the Industrial Development Corporation (IDC).
Propella Business Incubator (Pty) Ltd is a registered private company with a B-BBEE Enterprise Development Beneficiary Level 2 rating, with shareholding by Engeli (Pty) Ltd at 51% and Innovolve, the commercialisation arm of the Nelson Mandela University at 49%.
The ownership structure of Propella qualifies as a B-BBEE Enterprise Development Beneficiary in both the existing and amended B-BBEE Codes of Good Practice. To ensure sustainability, Propella operates as a commercial incubator yet maintains the values and ethics of a social enterprise. The shareholders in Propella have agreed to reinvest surpluses back into the company to ensure its sustainability as part of their philosophy and mandate.
Propella’s focus areas are energy efficiency and related technologies, processes, and services; renewable energy generation and related technologies, advanced manufacturing (products, processes, and methodologies), maritime, agriculture, healthcare, ICT and Internet of Things (IoT).
