Accenture (NYSE: ACN) and an expert panel led by Accenture Innovation Index partners – including The Da Vinci Institute, TransUnion and other innovation practitioners – have selected the finalists of this year’s Accenture Innovation Index.
The winners, to be selected from among 20 finalists across five categories, will be announced at the Accenture Innovation Conference on 12 October in Johannesburg.
Launched in 2014 as part of Accenture’s commitment to spearheading innovation, the Accenture Innovation Index measures, recognises and rewards innovation and systems of innovation. It provides businesses, regardless of their size or industry, with a personalised innovation diagnostic report that identifies innovation gaps and strengths. The Index process starts with businesses’ participation in an online survey and culminates in an innovation showcase and awards ceremony.
Participating businesses are scored across three measures of innovation maturity:
- Ability: The ability to innovate through the value chain, from ideation to commercialisation, is imperative.
- Commitment: For innovation to reach across the value chain, significant buy-in is required from all tiers of management, right up to senior leadership.
- Digital Capability: A company’s digital capability can be defined by the evolution of the business to use combinations of technology, information and connectivity to create new sources of customer value, company revenue and operational performance.
“Innovation is vital to compete in a disrupted world, and I’m pleased that we were able to provide respondents with the opportunity to not only benchmark their innovative capabilities, but also to refine their innovation strategies,” said Ntombi Mhangwani, a director of Integrated Marketing & Communications at Accenture.
“It has been an interesting 12-month journey to see participating businesses push boundaries and identify and fill gaps. Judges uncovered great stories of innovation and interesting trends, which we look forward to sharing with our clients and South Africans so that they can make informed decisions.”
Bennie Anderson, chief executive officer at The Da Vinci Institute, said, “There is no doubt that not only South Africa but the rest of the African continent is on the global level in terms of innovation. It was interesting to see, through the adjudication process, how companies – both small and well-established – use innovation to revolutionise the markets they serve. The process also highlighted the need for South Africa to create an environment in which individuals and organisations alike can engage and create innovative solutions that address business needs.”
With all entries grouped under one of five categories, this year’s Accenture Innovation Index finalists, along with their innovative projects, are:
Overall Innovation Masters (turnover in excess of R35 million)
- ABSA – whose integration of its App with the Apple Watch, enables customers to stay on top of their finances via their Apple Watch.
- FNB – whose internal IT coding marathon brings programmers together over a six-day sprint in order to build disruptive, financial technology apps that solve business problems while achieving competitive advantage through new or improved products and services.
- King Price Insurance – whose car insurance premiums decrease monthly in line with the depreciation of a car’s value.
- Purple Group’s The Bundles, a platform allows individuals to invest in a basket of shares. It provides access to a predetermined stock selection created by respected fund managers and CIOs from some of South Africa’s top financial services providers.
- SSG Consulting’s KEY360, a revolutionary cloud-based business and project management solution with exceptional capabilities to handle workflow, data, documents, dashboards, KPIs, business and staff optimisation together with upskilling.
Overall Innovation Masters (turnover less than R35 million)
- Bramhope – whose partnership programme builds and maintains long-term relationships between like-minded innovative companies in the health, safety and hygiene industries.
- Colony HQ’s online aggregation and database platform that translates Big data into little data, enabling clients to communicate with their customers using relevant messaging at the right time/s.
- Rethink Education’s Bite-sized mathematics and science education delivered via mobile phones for students in grades 8 to 12.
Top Innovative Concepts (turnover in excess of R35 million)
- Assupol’s instant Groceries, a mobile application that puts spending power in the hands of beneficiaries wherever they are, instantly via a mobile phone.
- Purple Group: Easy Equities, a platform that allows individuals to invest in a basket of shares. It provides access to a predetermined stock selection created by respected fund managers and CIOs from some of South Africa’s top financial services providers.
- USN – whose Blue Label Testing Lab (an interactive programme) allows consumers to customise the USN product to suit their specific needs.
- Spark ATM Systems, a fully developed supporting suite of monitoring and management software.
- Isometrix’s hyper-agile, multi-language, enterprise-ready solution for governance risk and compliance.
Top Innovative Concepts (emerging organisations)
- DQS, aboard game consisting of four superheroes and one villain, whose objective is to encourage children to learn and interact around best practices.
- Fuel Decontaminant, explosion-proof for petrol, diesel, jet fuel, bio fuel and paraffin.
- Kirkonsult – whose Carbotect organic detection tool verifies whether reductions in time, energy, water and chemical inputs could be sustained during standard industrial cleaning procedures.
- Quoros Biotech’s Microbial Cell Culture Bioreactors, a solution that develops ways of manufacturing natural products.
- Seeing Machines – uses advanced detection-and-prevention safety assistance technologies to track eye and facial movement in order to monitor fatigue, drowsiness and distraction events such as micro sleeps, texting and cell phone use as they occur. This provides for a real-time intervention strategy, improving operator, driver and environmental safety, preserving assets and reducing risk.
- Standard Microgrid, a mini-utility utilising a combination of solar PV, energy storage, cloud based grid management and granular demand side management devices to transform a rural off-grid village into a hyper efficient group of networked smart homes.
- Vuselela Energy’s Vuselela Energy’s Thermal Harvesting power plant, Eternity Power, a global, first-of-its-kind clean energy power plant based at the Anglo American Platinum Waterval Smelting Complex near Rustenburg, North West Province. The Thermal Harvesting plant captures waste heat from the converter cooling circuit at the smelter to generate up to 4.3MW of clean electricity, then used by the smelter for its internal power consumption.
“We have been overwhelmed by both the quality and number of entries, seeing a strong focus on the use of innovation for the improvement of others from social through to business and education,” Mhangwani said.
“South Africa is well-known for its highly innovative culture, with the likes of Siya Xusa, Elon Musk and Mark Shuttleworth, among others, leading the way. We have every confidence that this year’s finalists, and ultimate winners, will continue spearheading South African innovation, enabling our country to not only create jobs and grow the economy, but continue to play a leading role in our highly innovative and constantly evolving world.”
President Ramaphosa To Address SA’s Biggest Board Meeting, The Directors Event
President Cyril Ramaphosa will be delivering a keynote address at The Directors event on 8 June 2018, at the Sandton Convention Centre.
President Cyril Ramaphosa will be delivering the keynote address at South Africa’s biggest board meeting, The Directors Event, which will take place at the Sandton Convention Centre on 8 June 2018. Dr Jabu Mabuza, Chairman of Business Leadership South Africa will deliver this year’s Chairman’s Report.
Now in its fourth year, The Directors Event invites industry leaders to unpack three issues of national importance and discuss solutions in a public forum, moderated by highly-respected media personalities.
Youth employment & entrepreneurship, the use of technology to promote inclusive growth, and our political economy will be hot topics in this year’s highly focussed discussion programme which attracts participation from the country’s most prominent business and government leaders, and an audience of 300 ‘board member’ delegates.
“We are honoured to have President Ramaphosa address this important gathering of some of the top minds in South Africa. We invited him as a response to the call he made during his maiden State of the Nation Address earlier this year, calling on all South Africans, in their small corners, to help develop this country. We believe, strongly, that corporate South Africa has a massive role to play and we are very excited that everyone seems to have accepted the President Ramaphosa’s “Thuma Mina” call,” says Bongani Siqoko, editor of the Sunday Times.
Nontokozo Madonsela, Chief Marketing Officer of MMI, the JSE listed holding company for Momentum, Metropolitan and other financial services providers says, “We are incredibly honoured and excited that President Cyril Ramaphosa will be delivering the keynote address at this year’s Biggest Board Meeting. Over the past few months, we have experienced a wave of change in the country that has brought with it much needed confidence in what we can achieve. As a company with deep roots in South Africa serving a broad spectrum of citizens and businesses, we are heeding the President’s call to lend a hand in addressing our challenges. We are saying #CountUsIn, we want to be there. We believe this platform creates a space where we can have constructive dialogue and come up with concrete solutions that can positively contribute to improving the state our country”.
President Ramaphosa will be the highest ranking government official to address The Directors Event with his keynote message. Previous keynote speakers at The Directors Event have included Caroline Galvan (Lead Economist & Editor: Africa Competitiveness Report for the World Economic Forum), and Mcebisi Jonas (Former Deputy Minister of Finance).
Mmamoloko Kubayi-Ngubane, Minister of Science & Technology, and Enoch Godongwana, Chairperson of the ANC sub-committee on Economic Transformation will also be representing the perspectives of Government and the governing party during the round-table discussions at this year’s event.
The Directors Event programme is tailored for corporates, SMEs, educators, and non-profit organisations who are serious about turning South Africa’s socio-economic crisis around.
The Directors Event will take place at the Sandton Convention Centre on 8 June 2018. To view the 2018 agenda, speaker profiles, or to book tickets: www.thedirectorsevent.co.za
The Start-up Hatchery And Greater Tygerberg Partnership Launch Innovative Pitch Competition For Bellville Solutions
Entrants are required to submit their ideas in a 30-second WhatsApp video to 082 936 7544 before 24 May 2018.
The Greater Tygerberg Partnership (GTP) and start-up incubator The Startup Hatchery are launching a pitching competition to surface innovative ideas that, when implemented, could lead to the improvement of Bellville in Cape Town’s northern suburbs. The winning idea will receive a package of business incubation, mentorship, business development support, marketing and branding collateral, legal and intellectual property advice and other prizes, including R5 000 cash.
Launching on 14 May 2018, Innovate Bellville 2.0 is open to new businesses that have been operating for six months or less, who are developing new innovative ideas that could improve public transport, create jobs, create inclusive public spaces, address homelessness, improve health and wellbeing, manage waste, facilitate mobility, attract and retain investment and regenerate the Bellville urban centre.
Innovate Bellville 2.0 forms part of the GTP’s living lab approach to the regeneration of the Bellville CBD, says Warren Hewitt, CEO of the GTP: “We want Bellville to be a test-bed for new ideas that can help us to build a vibrant, prosperous, inclusive city region. Innovate Bellville 2.0 falls directly into that approach. We’re looking forward to seeing the ideas that emerge, and seeing the winning idea implemented in a part of our city that stands on the edge of an exciting future.”
“Innovation starts anywhere,” says Tania Cunningham, Chief Digital and Marketing Officer for The Startup Hatchery, “but we were very excited at the prospect of focusing on finding innovative ideas that could bring about real change to a defined geographical area. Innovate Bellville 2.0 will offer the winning business a solid start in life, with a chance to see their idea become a reality in Bellville.”
Entrants are required to submit their ideas in a 30-second WhatsApp video to 082 936 7544 before 24 May 2018. Twenty semi-finalists will be selected from the WhatsApp pitches, who will each receive training and a pitch deck. From that group, a group of eight finalists will then be selected and invited to pitch their ideas to judges during a pitch event on 7 June.
For more information, contact email@example.com
Silulo Business Incubation Is Changing The Future Of Entrepreneurs
Silulo Business Incubation is a unique incubation aimed at empowering and assisting upcoming entrepreneurs.
Launched in April 2018, the Silulo Business Incubation is a unique incubation aimed at empowering and assisting upcoming entrepreneurs to grow not only their businesses but also their confidence in the business space. The Incubation offers office space, boardrooms, training and conference rooms as well as eighteen shared office space for entrepreneurs in and around Cape Town.
Founder and Director, Mr Luvuyo Rani says: “We have always had a vision for this type of centre – a one-stop-shop where all entrepreneurial needs are catered for but our problem was always funding. With hard-work and dedication, we were able to make our vision a reality, which is exactly what we want to teach and instil for our entrepreneurs.”
The incubation will also offer networking sessions for aspiring entrepreneurs twice a month for two hours. This idea is to offer business insights as well as networking opportunities for entrepreneurs in and around Cape Town. Entrepreneurs will have the option to become members of the SBI Network where they are able to attend networking sessions of their choice. All networking sessions will cover different topics and training manuals will be offered after each session.
“The main challenge when it comes to this type of business is infrastructure and funding. Silulo is a pioneer and it can go anywhere, there are no boundaries in business. This is a flagship store. We want to replicate this in every province. Silulo’s success lies in partnerships and our business has a passion for empowering.”
Rani, a former teacher, together with his brother Lonwabo Rani started selling computers from the boot of a car more than ten years ago. Silulo Technologies now has 42 branches in three provinces: the Western Cape, Eastern Cape and Kwa-Zulu Natal and 22 franchise stores, some of which are owned by former Silulo employees.
Director and Co-founder, Lonwabo Rani says: “My brother always tells us to think about the bigger picture. It was that bigger picture that kept us going. Back in 2006, what you see today is exactly how it was when we envisioned it.”
In 2017 Silulo reached a total of 35 000 students trained since inception. It trained 65 students through MIC SETA in both the Eastern and Western Cape.
Rani and his two directors remodelled the business in 2017 by offering a walk in cellphone repair service (including the service of leading brands such as Apple, Samsung and Huawei) at one of the Silulo branches in Khayelitsha.
Rani, who was part of the Team South Africa to attend the World Economic Forum in Davos Switzerland in 2018, has received numerous accolades for his social impact business.
He was also awarded a Schwab Foundation Social Entrepreneur of the Year award in 2016 among his many accolades.
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