The Centre for Entrepreneurship Rapid Incubators (CFERI) is a new phenomenon in scholarship and student development in South African colleges and universities.

The CFERI was founded through a partnership between the Department of Small Business Development (DSBD) and Small Enterprise Development Agency (SEDA)

The programme seeks to accelerate the growth and success of entrepreneurial enterprises and allowing for a culture of entrepreneurship among graduates.

This is done through a number of business and technology support not limited to physical space, business infrastructure, coaching, common services, and market access.

The CFERI accelerate economic growth, job creation and poverty eradication. Secondly, the CFERI promotes research and development within the business incubation ecosystem.

SEDA plays a key role in monitoring the CFERIs.