IBM South Africa and the Tshimologong Digital Innovation Precinct have launched a start-up accelerator, which will take place from October 8 to November 16, 2018.
The accelerator is designed to enable the development of growth-stage tech and digital start-ups, using a bootcamp format that will run over six weeks. Each training module has been selected to address skills, resources, infrastructure and technology growth within the start-ups. The bootcamp culminates in an investment pitch where the winners could win up to R500k in products and services.
The winning pitch must demonstrate how the start-up will use the investment received to accelerate their business. The growth trajectory the investment will yield must be based on tangible outcomes simulating financials and should demonstrate an increase in revenue or job creation. Participants must also include their technology requirements for both internal operations and product scaling.
Enter to join the start-up accelerator
To stand a chance of being chosen to join the bootcamp and to pitch for investment from IBM:
- Entrants must have been trading as CIPC-registered businesses for at least one year.
- The start-up should be Black South African owned and managed.
- Turnover needs to be between R120k and R50-million per annum and the owner must be actively involved in the business.
- See the full list of eligibility criteria here.