The LORA Centre for Innovation and Entrepreneurship

LORA Centre for Innovation and Entrepreneurship

About LORA

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 programs.

We offer training programs that are tailor made to suit 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 quality. 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 business, we focus on the next bounce of the ball in your industry.

We nurture our entrepreneurs to build legacy businesses. To work on the business, not in the business.

Who you hang out with determines what you dream about and what you collide with. And the collisions and the dreams lead to your changes. And the changes are what you become. Change the outcome by changing your circle. At LORA we select our circle of students carefully in order to create associations that will change your outcome.

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 formal academic qualifications.

Our workshops requires a significant amount of commitment. Not only time, but the decision to overcome your status quo.

Our Learning Model

We offer a 5 months intensive New Venture Creation program.

Following a competitive selection process, the NVC delivers a condensed learning experience through classes, teamwork, personalized feedback, coaching, and curated readings in 5 months to take fast-tracked leaders to the next level.

This is an accredited certificate at level 4 according to the SAQA standards.

Our NCV 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
  • Management
  • Making change happen

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

We offer the following modules to complete the NVC program:

  • Entrepreneurship and Innovation
  • Business Finance
  • Operations Management
  • Marketing Management
  • Personal Branding
  • Digital Marketing
  • Business Strategy and Leadership

Individual Assignments:

Individual assignments are based on your business or project you are working on. By the time you graduate, you will have obtained feedback on your business or project at work.

Group Assignments:

Group assignments are based on case studies that students will do in class. Case studies will in the following areas:

  • Innovation
  • Branding
  • Marketing
  • Strategy and Leadership

Exam:

This is an open book exam that will test your application to key learning. It is one exam that will include all the topics you learned in class.

Venue:

The lectures are held in Johannesburg.

Lecture dates for July – November 2016

Screen Shot 2016-07-01 at 7.19.45 AM

To apply

To apply online, go to: http://www.loracentre.com

Frequently Asked Questions

Is this program for you?

Our curriculum is hands-on. More than 75% of your time is dedicated to practical case studies that allow you to apply what you learn.

Tuition is R8500.

Registration is R3000 payable before 23 July 2016. Space is limited to 20 students on a first come, first serve basis.

The program is for doers. If this sounds like you, we invite you to apply.

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. We have a module where we deal with corporate entrerpreneurship (intrapreneurship).

What is this program about?

The NVC is an entrepreneurship and management workshop.

Founded in 2016 by author and entrepreneur Roche Mamabolo, the NVC offered through LORA Centre for Innovation and Entrepreneurship is an intensive 5 months program which entails contact classes, group and individual assignments, lots of case studies, documentaries on innovation and entrepreneurship, business bus our.

At the end of each class there is a guest speaker who is an entrepreneur or thought-leader in a specific industry the country.

Each session of the workshop is led by our qualified and experienced lectures who hold relevant academic qualifications but most importantly are experienced entrepreneurs. The lectures engage with students in individual and group work.

The program is synchronous, with regular deadlines, group discussions, and face-to-face video calls.

Attending students include freelancers, independent professionals, entrepreneurs and corporate employees.

What are dates for the next session?

PROGRAM DATES:  There is just one more session scheduled for 2016.

NVC1: July 2016 to November 2016

Closing dates for applications: 23 July 2016 

What are the important dates and deadlines?

The July 2016 cohort is now open

Important dates to note:

PROGRAM DATES:  There is just one more session scheduled for 2016.

NVC1: July 2016 to November 2016

Closing dates for applications: 23 July 2016

The program starts on Saturday, 23 July 2016

To apply send an email to: roche.mamabolo@gmail.com

What is the calendar like?

NVC is a 5 month sprint built around your business.

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

The classes are two Saturdays in a month from 10:00 – 15:00.

The lecture day is structured:

1ST Session: 10:00 – 11:30 – Lecture 1

Break: 11:30 – 12:00

2nd Session:12:00 – 13:30 – Lecture 2

3rd Session: 13:30 – 15:00 – Guest Speaker

There are 10 guest speakers that have been invited to speak at each lecture day.

The lecture dates are available on the website: http://www.loracentre.com

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 an open book exam 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.

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.

How much does it cost?

A lot. R8,500.00. Not R8,499, or R7,499 or some clever amount. And it is not just the money, it is the time you will be spending as well.

The tuition includes lectures and course material.

There are two reasons for the tuition. The first is that the NVC 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. The NVC program probably is 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 students 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.

Are there payment arrangement?

Yes.

Registration is R3000 payable before 23 July 2016.

And you can make the remaining payments over two months.

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.

Some of our students (contributors is probably a better word) are the kind of people who could easily go to GIBS, Stanford or Harvard, but would prefer the intense, intimate, condensed experience this program offers. Others live far afield, have day jobs or seek transformation, not merely a certificate.

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 from all over the world (as long as your understand English) as well as 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.

What is your class attendance policy?

This is a 5 month 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.

Will the course follow the curriculum of a standard MBA program?

The standard MBA program is now easily obtained online, usually for the cost of a few books. In the case of the NVC, we are focusing on several key concepts, all focused on making smart decisions, noticing reality, and causing change to happen.

The NVC program is an action-oriented workshop. We write, design, connect and launch. Taking notes or regurgitating is not part of this. There is one final exam, if it is in the book, we won’t asks it, no need to ask “will this be on the test?” Instead we will ask you to apply what you learned to a case study.

What is the usual class size?

We cap the size of the workshop to 20 students. We are small on purpose, and believe that a curated group of quality people is invaluable.

We divide you into study groups of 5. Over the course of 5 months, you will get to know the 20 people in your cohort quite well from collaborating on projects. You will have plenty of chances to meet everyone in the program.

In addition, there are chat rooms and discussions with our staff of coaches, who will respond and provoke, as needed.

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

A lot. Well, less than GIBS, but way more than just attending classes.

Some specifics: Students commit to five-hour lecture 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 and two Saturdays in a month for class. See the calendar for details.

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

What is included in the program fee?

The program fee includes course materials before the workshop begins and catering on the days of attending classes.

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

We will have a business tour where students will visits various businesses around city for on the field study of how certain key businesses concepts are applied practically.

This business tour is not included in the course fee and you may have to pay for it separately once the tour has been confirmed.

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.