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ATTACQ And Launchlab To Make An Impact On Retail In Africa Through Breakthrough Innovation

The potential winning idea can be pitched at the Pitching Platform starting 29 August 2016.

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ATTACQ, a leading capital growth fund in the Real Estate sector, has teamed up with the LaunchLab, a network of African university campus-based business incubators, in an exciting breakthrough innovation challenge. This partnership will be driven by the LaunchLab’s Breakthrough Innovation Platform to capture new ideas and business models that may create the next breakthrough innovation in the retail industry.

This includes the LaunchLab’s Ideas and Lift-Off Programmes that allow corporates access to external breakthrough innovations in their industry. This will allow new businesses to engage with ATTACQ to assist in making an impact on retail in Africa.

ATTACQ invests in and develops high-quality real estate assets as long-term investments that generate quality rental income and sustainable capital growth for shareholders. With this in mind, ATTACQ wishes to build an innovation pipeline as a value-add for their clients and for customers that visit their real-estate properties daily.

Related: Planning to Become a Real Estate Broker?

ATTACQ know that people will always need space, but the nature of the activity in that space is changing every day. They have recognised this opportunity and are looking for ideas with business potential that may create the next breakthrough innovation in retail by addressing the following:

  • Responding to the e-commerce needs of clients and customers
  • Customer experience, comfort and convenience
  • Payments within ATTACQ properties
  • Operational issues: Utilities, security, cleaning

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The LaunchLab provides a link to a unique community of campus-based and community-based entrepreneurs as well as an environment where start-ups can test new technologies and business models without corporate restrictions. The Ideas programme extends across all universities in the Western Cape and certain universities in Gauteng, tapping into student and non-student entrepreneurs as well as communities of innovative thinkers and creators.

A two-hour workshop was held on 11 August 2016 at the Mall of Africa in Johannesburg and a workshop will be held on 19 August 2016 at the Nedbank Stellenbosch University LaunchLab, where participants will have an opportunity to engage with the LaunchLab and ATTACQ teams, as well as to connect with other aspiring entrepreneurs in the retail industry.

The purpose of the workshops is to provide the context for the Retail Challenge by explaining current challenges and opportunities for new businesses to be able to make an impact on retail in Africa. Attending this workshop will also help entrepreneurs stimulate their thinking and provide clarity about the value of their business idea.

Related: How The Property Brothers Built Up A Real-Estate And Entertainment Empire One Brick At A Time

The workshops form part of the LaunchLab’s Ideas Programme which will help attendees to identify a potential winning idea that can be pitched at the Pitching Platform starting 29 August 2016.

Finalists will be selected from these submissions to pitch at a final event which will take place on 19 October 2016.

Winning ideas stand a chance to win R100 000 in seed funding and LaunchLab incubation support to the value of R150 000 for the next 6 months to be used to launch and grow their business ideas… ATTACQ will be carefully monitoring the development of these business ideas during this time to gauge their potential see if they can add value to their existing clients and customers that visit their real estate properties daily.

Interested entrepreneurs and innovators are invited to join the workshop and can find more details about the Pitching Platform on our website: http://www.launchlab.co.za/attacq

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Entrepreneur Today

Win A Seat At 10X-e’s 10X-ECUTION Bootcamp (Valued At R5900)

Automatically receive 20% off the Bootcamp just by entering!

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Transform chaos into systematically achieving business goals, at scale. Hosted by founder, Jason Goldberg

Enter by emailing your company name, your name and your designation to Monique: mchaitezvi@edgegrowth.com

About 10X-e:

Scaling – the Bermuda Triangle of growth – is hard, and fraught with failure. Very few of even the top 1% of ventures succeed at scaling, mostly due to poor execution, due to lack of experience scaling businesses. The 10X Program brings the ‘Science of Scale’ and seasoned Scale Up Leaders to help founders navigate the Bermuda Triangle of growth

Our team has helped some of the Continent’s most exciting high growth businesses scale up through the most treacherous parts of the journey. We tailor make multiple workshops to the specific needs of you, your team, and your business. Our workshops serve to address the most pressing challenges that your business faces, helping remove the hurdles towards 10X growth.

For more information on 10X-e, visit: https://10xe.co.za/ 

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Entrepreneur Today

Off The Beaten Track

What Tourism Month means in South Africa and how Mango Airlines is focusing on local opportunities.

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This September, being Tourism Month, we have so much to talk about in South Africa, and so many people to engage with, both domestically and abroad. We are privileged to be able to leverage a broad range of destinations – arguably world-class in nature, and they expand way beyond a beautiful mountain, and an ecosystem of game.

The vast majority of leisure tourists, however, remain attracted to the Mother City and various Safari destination, while business tourists tend to stick to hub cities for short durations of time before departing again.

“There is a golden opportunity to expand on the same offerings – while not detracting from them in any way. Our responsibility is to drive tourism into new areas, really emphasising the differentiators that are incredibly attractive to local and international tourists,” said Benediction Zubane, Head of Marketing at Mango Airlines.

“Often tourists visit one of the more well-known sites in an area, and are completely unaware of the other features and destinations close by. We’re seeing a lot of success in township tourism which goes to show how diversifying can really drive new tourism opportunities,” explained Zubane.

Related: Travel Tour Agency Sample Business Plan

According to Statistics South Africa survey on Tourism and Migration, nearly 3.5 million international travellers visited South Africa in August 2017. Top numbers were tourists from USA, UK, Germany, France and The Netherlands, with African visitors primarily coming from SADC countries. Zubane added, “This means there is vast opportunity to begin engaging with travellers in new countries across the globe. We need to become our own best ambassador, talking-up our famous and lesser known destinations, proudly showcases our uniqueness. We should also be tourists in our own country and start exploring the wonders of the Rainbow Nation.”

Mango is passionate about helping its SMEs and entrepreneurial community to successfully overcome the unique challenges facing the tourism industry: “There has never been a more opportune time for small businesses and entrepreneurs to benefit positively from tourism in South Africa, and we hope to celebrate alongside our SME community as they fly high – both literally and figuratively,” he concludes.

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FNB Receives 50 Million US-Dollars To Accelerate SME Development

First National Bank puts their focus on SME development in South Africa.

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First National Bank (FNB) has received 50 million US-dollars from the DEG – Deutsche Investitions- und Entwicklungsgesellschaft to deploy towards small and medium enterprise (SME) development in South Africa.

DEG is a development finance institution whose mission is to promote private-sector enterprises in developing and emerging-market countries as a contribution to sustainable growth and improved living conditions.

Mike Vacy-Lyle, CEO of FNB Business says: “The new line of funding contributes to our ongoing efforts to accelerate our contribution to SME development in South Africa. We believe that SMEs are key to stimulating sustainable economic growth and job creation. Our intervention in SME development is not only limited to funding, we also invest heavily to improve capacity and supplier development capabilities in small businesses.”

FNB continues to pioneer products and services that have taken the angst out of South Africa’s entrepreneurs, from providing free instant accounting services to online documents reservation services, and forming public-private partnerships to digitise the registration of businesses.

“Our message to entrepreneurs is that we remain committed to providing meaningful solutions to help them grow. We have exciting developments that will take us further in our journey, all aimed at advancing the SME agenda by taking the anguish out of doing business,” concludes Vacy-Lyle.

Related: The 10 Most Reliable Ways To Fund A Start-up

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