Venture Incubation Programme

For founders building viable and scalable digital startups.


15

COMPANIES PER PROGRAMME

2

PROGRAMMES PER YEAR

R300K

EQUIVALENT VALUE

INTRO

The Venture Incubation Programme (VIP) is designed to provide a supportive ecosystem to help startups build viable and scalable innovation-driven companies. Startups have access to a range of resources including co-working space, practical learning clinics, mentors, weekly check-ins and staff advisors, and a community of peers who learn and grow together.

The VIP offers startups several key advantages. We're located in the heart of the V&A Waterfront, where startups are on the doorstep of Africa's fastest growing tech hub. We offer proof-of-concept (POC) collaboration opportunities with our industry partner MTN Group and a pool of early-stage investors.

MTN Group is looking for startups that are either building a sustainable Africa through digital solutions for health, education, agriculture, fintech, energy and Internet of Things, or enabling businesses through digital solutions for religion, sport, news and e-commerce.

FOCUS AREAS

START DATE

3 SEPTEMBER 2018

END DATE

30 NOVEMBER 2018

DEADLINE

31 JULY 2018

LOCATION

SOLUTION SPACE WATERFRONT

WHO SHOULD APPLY

Digital Startups

For our current program at the Solution Space Waterfront we are looking for startups that are developing digital solutions across health, education, agriculture, fintech, energy Internet of Things, religion, sport, news and e-commerce.

TEAM OF 2+

We're not looking for single founders, but teams of at least two with the right balance of skills and ability to build, test and deliver. The founder or majority shareholder must be the lead participant and must have the ability to commit full-time to the programme over the three months.

PROTOTYPE / MVP

Most of our startups enter with some sort of business case, early version of a product and a couple of team members. They have a working prototype with a minimum feature set ready to conduct early-market testing to further establish product and market fit.

OPPORTUNITY & TRACTION

The initial concept development demonstrates deep and intimate understanding of the problem and market need or opportunity. The idea must have progressed beyond concept and should demonstrate evidence of early market testing, customers, revenues, patents or intellectual property filings.

 

HOW IT WORKS

1) ONLINE APPLICATION

Startups submit applications online in January/February and June/July each year, before the initial start date of each Venture Incubation Programme.

2) PRE-SELECTION DESIGN SPRINT

The Solution Space team reviews the applications and the top 30 startups are selected to participate in a five-day design sprint to assess the fundamentals of the business and the team.

3) PITCH TO A SELECTION PANEL

At the end of the five-day design sprint, successful startups pitch to a final selection panel of corporate partners, early-stage investors, mentors and entrepreneurs.

4) FINAL SELECTION

The top 10-15 startups are selected to participate in the three-month Venture Incubation Programme and accelerate the development of their digital solution. Startups receive mentorship and training in addition to all the services offered by the Solution Space.

 

BENEFITS

MTN INDUSTRY PARTNERSHIP

Selected startups will gain access to MTN APIs, MTN Service Delivery Platform, MTN technical experts and mentors to provide feedback and guidance and a package of support from technology partners.

FEEDBACK & GUIDANCE

Startups receive valuable feedback and guidance from our Entrepreneur-in-Residence and network of experienced mentors and industry partners. Each startup is paired with a mentor for the programme and have access to the Solution Space's network of GSB alumni and corporate partners.

ENTREPRENEURSHIP SKILLS

We apply a learning-by-doing approach. At workshops and clinics, startups learn founder fundamentals and core skills focused on moving the business forward. Startups apply what they learn through practical outcomes from each session.

CO-WORKING & COMMUNITY

We focus on building a vibrant community of entrepreneurs and offer a calendar of regular events designed to increase a startup's knowledge and expand their network. We prioritize peer learning and mentoring through access to our co-working space and regular office-hours.

ADVISORY SERVICES

Access to pro-bono partners and a network of consultants to support with specialist expertise e.g. legal, HR, digital user experience, venture capital.

 

MENTORS

Eero Tarjanne
MTN: General Manager, Ecosystem Development

 

Yusuf Kaka
MTN: General Manager, Digital Innovation

 

Perry Blacher
Investor and Advisor

 

 

ECOSYSTEM

Tarryn Valle
Financial Services Educator & Consultant

 

Craig McLeod
GetBuild: Co-founder,

 

Sarah Rice
Startup Communication Strategist

 

David Lunga
Product Strategist & UX Designer

 

Maximillian Kaizen
Treeshake: Co-founder

 

Thys De Beer
Vega School of Brand leadership: Senior Lecturer

 

Carla Enslin
Vega School of Brand leadership: Academic Navigator

 

Rodger Norton
Trixta: Co-founder & COO

 

FOR MORE INFO

Gcobisa Maqanda
Liaison, Solution Space Waterfront

Tel: +27 (0)21 406 1430
Email: solutionspace@gsb.uct.ac.za

 

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