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Further Education and Training (FETC) New Venture Creation

The purpose of the Qualification is to develop the appropriate skills and knowledge required by a person for the establishment and development of a small to medium business venture, and address the economic, administrative and behavioural (psycho-social) barriers that contribute to success in starting and sustaining the venture. 

This qualification is intended for persons who wish to start, operate, manage and grow a new small to medium business venture. Learners attempting this qualification will be equipped with a variety of technical, business managerial and personal skills and strategies to help them succeed in the creation and sustenance of a business. The successful learner will develop a sound foundation for the application of these skills and knowledge to explore a diverse range of entrepreneurial opportunities.

Programme structure

The FETC:  New Venture Creation is a  NQF Level 4 (149 credits) offered over 12 months and This qualification is intended for persons who wish to start, operate, manage and grow a new small to medium business venture
The qualification consists of five (5) modules and a Final Integrated Summative Assessment (FISA)

Course modules

Demonstrate the ability to identify a new venture

Demonstrate knowledge of interpersonal skills required in the business environment

Demonstrate an understanding of basic economics in a market economy

Manage a new venture by applying business principles and techniques

Demonstrate the role of leadership and management

Exit Level Outcomes

Following the completion of the above modules, Learners also need to complete a Final Integrated Summative Assessment (FISA) that assesses their integrated understanding against the following Exit Level Outcomes (ELO’s):


Demonstrate an ability to identify and create a new venture.

Demonstrate knowledge of interpersonal skills required in a business environment.

Demonstrate an understanding of basic economics within an market economy.

Manage a new venture by applying business principles and techniques.

Demonstrate an understanding of the role of leadership and management.

Certification

The FETC: New Venture Creation FETC: NQF Level 4 (149 credits) offered over 12 months.

On completion, the following certification will be awarded:


A Services Seta Certificate & Services Seta Statement of Achievement will be awarded to all delegates who successfully complete all portfolio requirements; or

A Services Seta Statement of Achievement will be awarded to all delegates who successfully complete some, but not all, of the modules’ portfolio requirements. The Statement of Results will only reflect the modules successfully completed; or

A Regenesys Certificate of Attendance will be awarded to all delegates who attended all training sessions, but who do not complete any portfolio requirements successfully.

Entry Requirement

It is recommended that learners have the following pre-knowledge and/or proof of competence before enrolling on this programme:


Communication at NQF Level 3 or equivalent.

Mathematical Literacy at NQF Level 3 or equivalent.

Computer Literacy at NQF Level 3 or equivalent.

A basic understanding of the workplace, project processes and operations. Entry requirements The majority of the learners attempting this qualification are likely to be unemployed persons who, via a learnership, have been identified and selected as having the potential to create a new business venture. With this Qualification and the established of a Small, Micro and Medium Enterprise provides the learner access to further learning opportunities at NQF Level 5 in Business Consulting Practice and Business Advising.

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