The LORA Centre for Innovation and Entrepreneurship

LORA Centre for Innovation and Entrepreneurship

1. LORA Centre Program

Entrepreneurs are made. No one is born a great entrepreneur. Great entrepreneurs are trained, mentored, coached and guided to be great.

LORA Centre is an entrepreneurship environment that nurtures and inspires great entrepreneurs.

The LORA Centre for Innovation and Entrepreneurship aspire to influence and inspire change by challenging the status-quo through our innovative development program.

We offer training program that suits our learners through practical focused classes, case studies, guest speakers and thought leaders.

The modules are customised to suit the needs of the class. We are not batch processing our students like an industrial factory, we create a nurturing for our students to learn and grow.

Like a farmer who creates a fertile ground for crops to grow, at LORA we nurture our learners according to their own unique potentials and businesses. Our modules are not one size fits all approach.

We focus on depth, on quality not quantity. We run close knit cohorts.

Our goal is not to be big, it is to be small. Small in size, but huge in our decision to create a difference. Huge in our impact of entrepreneurs to create change.

We don’t teach what is in the textbook, we discuss what practically happens in the marketplace, the next bounce of the ball in your industry.

Founded in 2016 by entrepreneur and author Dr. Roche Mamabolo, the LORA Academy offers business and leadership courses that seek to change how you view and run your business. “Learning how to see” is critical in seeing and seizing opportunities. We may look at the same thing, but see differently, LORA aspires to teach you how to see and maximize potential.

2. What is the 6 months program all about?

The program is a combination of training and mentorship.

Entrepreneurs attend formal classes two Saturdays every month where they are taught on various entrepreneurship and innovation modules.

Each entrepreneur on the program is allocated a mentor for 6 months who will assist her to implement their learnings on their businesses.

The mentorship sessions are 90 minutes a month and are compulsory.

3. Why study at LORA?

  • Our curriculum is hands-on. More than 75% of your time is dedicated to practical assignment on your business and other case studies that allow you to apply what you learn on your business immediately.
  • The LORA Centre runs program for doers. If this sounds like you, we invite you to apply for our programs.
  • Experienced and qualified lectures. Our lectures are experienced entrepreneurs and they run their own businesses and also hold academic qualifications.

Our classes requires a significant amount of commitment. Not only time, but the decision to overcome your status quo. One way we can make that likely to happen is to raise the stakes.

When you join our program, you are not only accessing relevant information, you are also getting access to the experience of being in the same room with change-makers, discussing how to challenge and overcome your status quo. It is difficult to put a price for that.

4. Our learning model

4.1 How is the program different?

Following a competitive selection process, the NVC delivers a condensed learning experience through classes, teamwork, personalized feedback, coaching, and curated readings in 6 months to take fast-tracked leaders to the next level.

Our program prepares you to navigate the complex challenges of driving organizational change:

  • Decision-making
  • Operating under ambiguity
  • Understanding worldviews
  • Risk-taking
  • Critical thinking
  • Storytelling
  • Marketing
  • Strategy
  • Driving innovation
  • Securing buy-in
  • Management
  • Making change happen

We tackle these topics with practical, hands-on assignments and the intense collaboration that comes from doing work that matters.

The following modules are required to complete the module:

  • Entrepreneurship and Innovation
  • Exponential Technology
  • Operations Management
  • Marketing Management
  • Digital Marketing
  • Business Finance
  • Proposal Writing
  • Pitching and presentation skills

4.2 LORA Speaker Series

LORA strives to bring thought-leaders, men and women who are pathfinders, entrepreneurs who have affected the very fibre of our thought process, who influence our set of beliefs, and engage our mindsets in elements of value.

LORA Speaker Series has brought highly successful business leaders from a variety of industries to campus to share their experiences and give advice to our entrepreneurs on topics ranging from “building a venture around intellectual capital” to “successful entrepreneurship in large organisations” and “socially responsible leadership.”

The previous LORA speakers on the series includes:

  • Mr. Lere Mgayiya – Founder: Lere’s Shoe Shine Experience
  • Mr. Carlo Murison – Founder: Two Tone Global
  • Ms. Thando Baloyi – Founder: Lady T Protection Services
  • Ms. Farah Fortune – Founder: African Star Communication
  • Mr. Alistar Mokoeana – CEO: Ogilvy & Mather South Africa
  • Mr. Miles Kubheka – Founder: Vuyos Restaurant
  • Mr. Frank Magwegwe – Founder: Frankly Speaking Group
  • Ms. Zandile Nzalo – Founder: Zanenza Communication
  • Mr. Mandla Mvelase – Founder: Gap Leadership Institute

The following are the 2018 guest lecturers:

1. Mr. Jabu Stone [SA]

2. Ms. Faith Katsaura [Zim]

3. Mr. Lebona Moleli [SA]

4. Dr Nthabiseng Legoete [SA]

For more information on the guest lecturers, refer to this link: LORA 2018 Guest Lecture Series

More Guest Lecturers:

We will announce more guest lecturers and dates as they are finalized. If you are interested in knowing the final dates of the guest lecture series, send your email address to: roche@loracentre.com

4.3 Individual Assignments:

The leaners will be have to interview two [2] successful entrepreneurs and compile a brief report of the questions and answer discussion they had with the interview and what they have learned from the interviews.

4.4 Group Assignments:

Group assignments are based on case studies that students will do in class. A case study will be given in class and the learners will have to work as a group to analyze and come up with solutions to the case study by writing a report.

4.5 Pitching Exam:

This is a pitching session that counts as an exam where entrepreneurs pitch to a panel of experts on their businesses. This is meant to be a funding pitching session. Entrepreneurs will be awarded marks on their pitching skills.

Duration:  16 days [Two Saturdays per month from January to June 2018] 

Time: 09:00 – 13:00 

5. What does the 2018 timetable look like?

Classes are two Saturdays in a month.

January 20 Induction and Mentor Allocation

[Lecturer: Dr. Roche Mamabolo]

[Guest Speaker: Mr Themba Ngcobo]

  27 Innovation Management

[Lecturer: Dr. Roche Mamabolo]

February 10 Exponential Technology 

[Lecturers: Mr Ithateng Mokgoro and Ms Kelo Kubu]

  17 Entrepreneurship

[Lecturer: Dr. Roche Mamabolo]

[Guest Speaker: Ms Faith Katsaura]

   
March 10 Entrepreneurship

[Lecturer: Dr. Roche Mamabolo]

[Guest Speaker: Mr. Jabu Stone]

  17 Marketing Management

[Lecturer: Gomolemo Lolo Madikgetla]

     
April 14 Marketing Management 

[Lecturer: Gomolemo Lolo Madikgetla]

  21 Marketing Management

[Lecturer: Gomolemo Lolo Madikgetla]

[Guest Lecturer: Mr Lebona Moleli]

     
May 12 Operations Management

[Lecturer: Dr Lucas Moloi]

  19 Operations Management

[Lecturer: Dr Lucas Moloi]

June 9 Digital Marketing

[Lecturer: Mr. William Seyama]

  23 Digital Marketing [Guest Speaker]

[Lecturer: Mr. William Seyama]

 
July 14 Brand Sprint

[Lecturer: Mr. Ithateng Mokgoro]

  21 Finance

[Lecturer: Dr. Roche Mamabolo]

     
August 4 Pitching
December 8 Graduation

6. What are the class times?

Classes are from: 0900  to 1300

0900 – 1100 Session 1

1100 – 1130 Break

1130 – 1300 Session 2

Guest speaker sessions are from: 1300 – 1430

7. Where are the classes?

The classes are held in Midrand, Johannesburg.

Midrand [3 Tybalt Place, Waterfall Office Park, Bekker Road, Vorna Valley, Midrand.

This is near Mall of Africa.

8. How much does it costs?

The cost of this program is R6,000.00. [Registration fee: R2,000.00]

[We will be giving 50% bursaries to qualifying applicants, terms and conditions apply. Space is limited, apply early]

For more information on scholarships go to: LORA Centre Peter Mamabolo SCHOLARSHIPS AVAILABLE 

The cost includes:

  • Course notes and textbook
  • 5 months mentorship [one on one mentorship program from January to May 2018]

Registration Closing date is on: Monday, 15 January 2018.

Our classes are small by design and space is limited to 30 entrepreneurs only.

Application:

If you are keen to be part of the 2018 program, apply online through this link: http://loracentre.com/applicationform.html

9. How does the mentorship work?

Each entrepreneur on the program will be allocated a mentor. The mentorship sessions will be held once a month for 90 minutes. We encourage one-one-mentorship sessions but if not possible Skype or telephonic sessions will be held.

The mentorship sessions are compulsory.

10. What are the requirements to be admitted?

We are seeking people of all ages, from all backgrounds, who share a desire to make work that matters and who have shown a willingness to contribute important work.

We believe that every person we admit to the program will somehow raise the average, producing a community that will provoke, amplify and reward excellent work.

11. How much does it cost?

The 6 months program [training + mentorship] is offered at R6,000. [We will be giving 50% bursaries to qualifying applicants, terms and conditions apply. Space is limited, apply early]

For more information on scholarships go to: LORA Centre Peter Mamabolo SCHOLARSHIPS AVAILABLE 

It is not just the money, it is the time you will be spending as well.

The tuition includes lectures, mentorship and course material.

There are two reasons for the tuition. The first is that our courses requires a significant amount of commitment. Not only time but the decision to overcome your status quo. One way we can make that likely to happen is to raise the stakes.

The other reason it is not free is that in order to build an environment focused on group dynamics and change, we are investing in people.

Our goal is not to be big, it is to be small. Small in size, but huge in our decision to create a difference.

If this sort of change or investment is too much, we totally get it. Then our courses are probably not for you. The good news is that all the content is in the world, free online or in accessible books. There are no secrets.

We are looking for entrepreneurs and individuals who want to take the next step in their business, who are looking to invest in themselves, establish contacts with other entrepreneurs, discuss difficult challenges in their business.

Basically we are looking for entrepreneurs and managers who are looking to go deep in their businesses.

12. What is included in the program fee?

The program fee includes lectures, mentorship session, and course materials before the workshop begins. Catering is not included

Whenever possible, we are going to direct students to online readings and videos, though there are books that are worth buying and you are on the hook to acquire those.

In addition to the course itself, perhaps our biggest goal is to build a powerful alumni network. Fellow changemakers, pushing each other to make a difference. After the course, support for/between/by our members goes on

There are no hidden fees, add-ons, individual tariffs, tolls or other surprises.

13. Are there payment arrangement?

Yes.

Registration is R2,000. And you can make payments of R1,000 over over 4 months.

14. What if I work for a company, do you have to be an entrepreneur to qualify?

Even though the program tailored for entrepreneurship, there is a new culture of corporate entrepreneurship where companies encourage their staff to be creative and entrepreneurial within the company. This program caters for that need.

15. What are the important dates and deadlines?

The January 2018 applications are now open

Important dates to note:

Program: January 2018 to June 2018

Closing dates for applications: Monday, 15 January 2018

The program starts on: Saturday, 20 January 2018

Our classes are small by design and space is limited to 20 entrepreneurs only.

If you are keen to be part of the 2018 program, apply online through this link: http://loracentre.com/applicationform.html

16. What is the calendar like?

The program is a 6 months sprint built around your business.

NOTE: There are real-time, non-optional classes that learners attend.

The classes are two Saturdays in a month [Refer to #5 above for class schedule]

Classes are from: 0900  to 1300

0900 – 1100 Session 1

1100 – 1130 Break

1130 – 1300 Session 2

Guest speaker sessions are from: 1300 – 1430

17. What can I expect?

Unlike traditional education, our curriculum is hands-on. More than 75% of your time is spent producing work, practical assignments on your business meaning that you will learn concepts and immediately put them into action in your business.

The work involves delivering projects, getting feedback from peers, providing constructive feedback.

There will be individual assignments that are based on your business. Every individual assignment you do and marked on is based on your business or project you are working on at work.

There will be one group assignment and a pitching exam session at the end of the year.

Completion of the program will result in you graduating at the end of the year. We will have a formal graduation ceremony at the end of each program.

Most of our students have full-time jobs or busy freelance schedules. We have created an intensive timeline that will stretch you, but will still be manageable given your real-life responsibilities.

18. Who is the ideal candidate?

This program is robust like an MBA, but it is for entrepreneurs and innovators either running their own businesses or working in a corporate.

This is for leaders, executives, entrepreneurs, managers, artists, innovators, designers, builders, doers, and makers.

Our target students will come from industries including:

  • Technology
  • Communications
  • Consumer Products
  • Financial
  • Manufacturing
  • Nonprofit
  • Consulting
  • Law/Legal Services
  • Raw Materials/Energy
  • Retail

Regardless of industry or job function, this program is for people in a hurry to create disruptive change.

It is for entrepreneurs and managers who want to sharpen their strategic thinking and add more frameworks to their toolbox.

19. Will I get in?

We have made it difficult to apply, betting that those that stick it out will be precisely the sort of people we are looking for.

We are seeking people who have the generosity of spirit to come classes focused on how you can impact your fellow students.

People who have demonstrated that they have the ability and desire to change are the ones most likely to encourage their fellow students to leap.

If you are the kind of person that cares enough to read the FAQ, you are probably the kind of person who will get in.

20. What is your class attendance policy?

This is a 6 months sprint, and the other members of the program are counting on you and every other student to be fully present.

The short version is that we ask that each member of the program allocate the time to take this process as seriously as the rest of us.

21. What is the usual class size?

We cap the size of the class to 30 students. We are small on purpose, and believe that a curated group of quality people is invaluable.

Over the course of 6 months, you will get to know the 30 people in your cohort quite well from collaborating on projects. You will have plenty of chances to meet everyone in the program.

22. How much time can I expect to spend on coursework each day?

A lot, way more than just attending classes.

Some specifics: Students commit to five-hour sessions on two Saturdays in a month. Because this is a sprint, it is essential that you don’t miss a session.

We recommend that students block off at least a few hours per day for reading, research and solo work, in addition to time blocked off for group discussion meetings, one 90 minutes mentorship session and two Saturdays in a month for class. See the calendar for details.

It is a commitment, which is part of why it works.

23. Can I sponsor a leaner?

Any form of financial or non-financial sponsorship towards the program is highly welcome and appreciated.

To sponsor the program please email Roche at: roche@loracentre.com

24. How do I apply?

Apply online through this link: http://loracentre.com/applicationform.html

Looking forward to seeing you on the program.