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#Hack.Jozi Challenge Chooses JHB’s Top 10 Ideas

Potential tech-preneurs were called on earlier this year to develop technology solutions to everyday Jozi problems and enter the #Hack.Jozi Challenge.

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The top ten of the 2016 #Hack.Jozi Challenge has been announced. The varied ideas include ways for parents to reduce screen time for their children, a free pick up and drop off laundry service and an online platform to upload or download building plans for quicker approval by local authorities.

#Hack.Jozi Challenge is a project of the City of Johannesburg and the JCSE (Joburg Centre for Software Engineering) at Wits University. Ravi Naidoo, executive director for Economic Development for the City of Johannesburg, says they were overwhelmed not only by the number of entries to the 2016 #Hack.Jozi Challenge but also by their quality.

He explains, “The 2016 shortlist of ten finalists is an impressive list of young people with new and innovative ideas in the digital arena. After a rigorous process that has been playing out over the past six weeks, we now have ten superb businesses which have fought through three rounds of the competition and have been judged on the technical feasibility of their venture, scalability and the wow-factor.”

Related: #Hack.Jozi Challenges Innovative Entrepreneurs

“We have touched more than 100 entrepreneurs through this challenge. A demo day will be held on Friday, 13 May when all ten tech-preneurs will present their ideas that they have thrashed out with their peers and mentors during the course of the challenge.”

“We are also pleased to see that other government agencies such as the City of Cape Town and the Department of Water and Sanitation have taken a cue from the City of Joburg to embrace the digital era in their environments and encourage technology innovation as a way to address relevant problems and promote entrepreneurship.”

Feedback from participants has been extremely positive. Barend Craven, from TimeWise explains, “My  developer and I struggled for six months to solve one of the issues on our application. Prof Barry Dwolatzky of the JCSE suggested a solution in five minutes that solved our problem!”

Now, judges will have to make the difficult decision on which aspiring business will win R1 million and two runners up which will win R350 000 each. All three will be supported by a business mentor who will guide them on how best to use the prize money and further develop their idea into a successful profitable enterprise.

The top three winners of the 2016 #HackJozi Challenge will be announced on Thursday, 19 May 2016.

The top one hundred entrants, all start-up entrepreneurs, attended a special entrepreneurship and business training boot camp geared to helping them develop their great digital ideas into possible business opportunities. The top 20 selected received additional business mentorship.

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The top ten teams of the #Hack.Jozi challenge have been selected for their innovative ideas from more than 400 entries.

The top 10 will enjoy a one-year free membership of the well-known ICT Hub in Braamfontein, which is a Wits University initiative under the leadership of Professor Barry Dwolatzky.

Its success in its launch year in 2015 saw the City of Johannesburg commit R5 million for the second #Hack.Jozi Challenge this year.

Related: #Hack.Jozi Challenge For Jozi Digital Innovators

“This competition is designed to accelerate early stage ICT startups. It supports capacity development, job creation and enterprise development in our City,” says Naidoo.

The city will not take any equity in any of the businesses.

Top ten contestants of #HackJozi Challenge 2016

Business

Idea

Tuta-Me

A mobile application that looks to connect tutors with students for tutoring services.

TimeWize Parental Control

A tool for parents to address screen-time issues with their children and their Android devices.

Mensch

An online marketplace where the demand for sound, pragmatic and sustainable advice by businesses is matched to the supply of high quality business experts from South Africa’s top business schools and business consultancies.

LCERT

LCERT (Low Cost Educational Robotics Toy) Kit, which includes hardware, software and activities.

Spotless

A pickup and drop-off of laundry service that ensures that clothes are cleaned and dry-cleaned to the highest standards.

Advicement

Building an online platform which aims to automate the functions of a traditional financial advisor.

DUEPROP

An integrated online due-diligence portal, available on multiple platforms and designed for all property sector stakeholders.

eSubmit

An online platform on which building plans and other related documentation can be uploaded and/or downloaded for the purposes of obtaining building approval from local authorities.

Gradrr

This system prepares and automatically marks multiple choice questions. Advanced features are being offered to educational institutions to analyse and report on the information.

TechnoVera

Smart lockers that reduce the average waiting time for patients collecting chronic medication at primary healthcare collection facilities.

 

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FNB Sets Its Sights On Growing Female Entrepreneurs In South Africa

First National Bank looks to grow women entrepreneurship in South Africa.

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FNB has set its sights on growing women owned and led businesses in South Africa, a commitment that has seen the bank enter into partnerships to facilitate mentorship for some of the most promising enterprises.

The bank has a good foundation to build on, as 38% of all new business accounts opened with FNB Business are either led or owned by women, highlighting an already established entrepreneurial momentum.

“We are cognisant of the fact that neither government nor corporate South Africa are going to be the sole sources of job creation. We therefore have an obligation to support and grow entrepreneurship. Partnerships such as the one entered into with International Finance Corporation (IFC) enables us to assist in developing women owned business,” says Michelle Geraghty, Head of Women in Business at FNB Business.

Over the last few years, FNB has, through a partnership with the Vumela Fund, assisted businesses such asSAIL, a leading skills and training institute that offers a range of qualifications to the public sector, and Toni Glass who produce a collection of world class tea, to not only scale effectively, but to bolster each of the business’s offering to market.

Related: Watch List: 50 Black African Women Entrepreneurs To Watch

“Our approach is to, much like we have done with the likes of Sail and Tony Glass, enable qualifying women owned businesses in their growth curve by offering help that includes transact, lending, investing and insuring solutions. This will include facilitating the registration of the business online via the FNB registrations system which links to CIPC, to Instant accounting and payroll solutions aimed at reducing operating costs for the business. This will also extend to support in the incubation stage of selected businesses through Vumela. We will carry this right through to private equity funding,” explains Geraghty.

Vumela was established as an innovative model that is aimed at filling the gaps in the current SME funding and support landscape. While Vumela is an SME growth fund, it also functions as the bank’s primary Enterprise Development and Supply Development vehicle, able to fulfil both SME funding and growth needs, and corporate ESD requirements, avenues that FNB will be making use of.

FNB also intends on tracking jobs created through these initiatives to ensure a trickledown effect that not only benefits the business owner but also increases the overall number of women participating in business in South Africa.

“The need to grow the number of women in business is one that if done correctly, can address many of the disparities and anguish that women continuously face. Access to fair opportunities to grow their businesses and in turn make a real impact on the South African economy,” concludes Geraghty.

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Great Bunch Of Entrepreneurs Make Top 10 In The Workspace/MiWay Competition

The top 10 in The Workspace/MiWay entrepreneur competition have been selected.

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After an intense four-month process, the top 10 contenders in The Workspace/MiWay Entrepreneur competition have been notified that they’re through to the next round. These entrepreneurs will pitch their businesses to the judges, who will then whittle down the number of contenders to five, from which the winner will be chosen.

“There has been great excitement over the past four months. As every single new entry came in, we would clap our hands and cheer,” said Mari Schourie, CEO of The Workspace. It was a tough job judging all the entries to reach the top 20 submissions, she said, before having to find the top 10.

“We’ve had really strong entries submitted by people with good business knowledge,” said Schourie. “You can see the willingness to work hard and the great amount of effort they have put into their initiatives.”

Schourie said judges saw “wonderful ideas and fabulous business minds and quality people with big dreams shine through the entries”.

The top 10 are:

  1. Loyal 1
  2. Dwyka Mining Services
  3. Minatlou Trading 251
  4. Sindis Best for all
  5. Convergence Three
  6. Zinde Zinde
  7. Matla Risk Management
  8. Artsort Trading
  9. Iconic Talent Agency
  10. Nthedikgwadi Transport Services

Related: How to Name (Or In Some Cases, Rename) Your Company

Schourie said she wished she could tell President Cyril Ramaphosa, who supports the growth of small business as an economic driver, “the ideas and the passion that these business owners have is inspiring and should be focused on more”.

The prize on offer – worth over R350 000 – will help set-up the winning entrepreneur for a period of 12 months, giving them a boost to help build their business.

Morné Stoltz, Head of Business Insurance at MiWay, said the theme that ran throughout the entries was that entrepreneurs wanted to make a difference and contribute to positive change in South Africa. “Many of the submissions focused on technical and developmental fields,” he said.

“Entrepreneurs recognise gaps in the market and see the potential for growth. Getting into the top 10 was not at all easy.”

Stoltz said South Africa had a “great bunch of entrepreneurs” and that standing together to give them a platform to launch was an exciting opportunity. “To grow our economy we need to help with skills development and give whatever assistance we can,” he said.

Part of the finalists’ road to the top includes a skills development programme for the top 10 entrants ahead of their important date to pitch their business plans to the judges.

As Schourie pointed out, it is vital to encourage South African citizens to act on their dreams and passions because “it can be a great success; they just need make that leap”.

Dates to watch:

  • 21 June: Top 10 skills development programme
  • 3 July: Top 10 pitches
  • 6 July: Top 5 announcement
  • 20 July: Final five workshops
  • 10 August: Final five pitches
  • 13 September: Winner announced

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Top 22 Start-ups Chosen For Final Selection Days – Startupbootcamp Africa

After receiving 1,004 applications from all over the world, the SBC team in conjunction with the programme’s corporate sponsors have narrowed the applicants down to 22 top-tier tech start-ups that will be invited to the Final Selection Days on July 11th and 12th at PwC’s headquarters in Cape Town.

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SBC Africa received 1,004 total applications from 77 countries on 5 continents. The start-ups that applied were exceptionally impressive and have gained more traction in the market than the applicants for the 2017 cohort. The talent in Africa is phenomenal and the corporate sponsors and SBC team dedicated 2 weeks to narrow it down to the Top 22 to be invited to Final Selection Days.

“It’s been an intense process due to the exceptionally high calibre of start-ups applying to the programme from across the continent,” states Philip Kiracofe, co-founder and CEO of Startupbootcamp Africa. “From 1,004 applications we have managed to narrow down to 22 of the most creative teams tackling daunting African problems. One of the key differentiators for start-ups that participate in the SBC Accelerator is the opportunity to secure commercial contracts with our sponsors. In order to make it onto our Top 22, each start-up has been chosen by at least 2 sponsors for potential proof of concept projects. The 2018 cohort is already shaping up to be a milestone moment for Africa.”

Related: How to Name (Or In Some Cases, Rename) Your Company

Zachariah George, co-founder and Chief Investment Officer of Startupbootcamp Africa added, “The investment community across Africa is taking note of the significant traction and access to market that being an alumni of a global accelerator programme like ours provides. We are excited to further galvanize venture capital funding into tech startups through significant de-risking of business models and customer validation with our corporate partners globally.”

From the 22 teams that have been invited to the SBC Africa Final Selection Days, 10 will be selected to join the 2018 cohort. Over the span of the two Final Selection Days, the startups in attendance will have the opportunity to present their pitches to high-profile corporate sponsors, investors, thought leaders and industry experts and will have the chance to sit down with mentors and sponsors alike. At the end of Day Two, the Top 10 will be announced and will be welcomed to the Cape Town-based Accelerator that kicks off in August. During the 3-month period, they will have the opportunity to scale at an incredible pace and seal pilot and proof of concept deals with the corporate sponsors to the programme.

The SBC Africa Accelerator is anchored and endorsed by heavyweight corporate sponsors RCS, BNP Paribas Personal Finance, Nedbank, Old Mutual and PwC.

“We’ve seen an increase in the quality of start-ups applying to the programme. The awareness of the value of the programme has increased and the success of the first year of the bootcamp speaks for itself. More mature start-ups are also seeing the benefits of participating in Startupbootcamp Africa,” comments Stanley Gabriel, Head of Innovation at Old Mutual.

The Top 22 start-ups invited to the Final Selection Days come from 7 different countries. The numbers are as follows: 8 from Nigeria, 5 from South Africa, 3 from Uganda, 2 from the Ivory Coast, 2 from Kenya, 1 from Ghana and 1 from Ireland.

Related: Entrepreneurship Is All About Overcoming Obstacles

The names of the start-ups invited to Final Selection Days by country:

  • Nigeria: Bankly Technologies, Biyabot, CredPal, FriendsVow, Kudimoney Bank, Medikal HMS, NebulaPay, and ZEEZZ Planet Solutions.
  • South Africa: Brandbookalytics Big Data, ifileme, LÜLA, Prospa, and Akiba Digital
  • Uganda: CoinPesa Ltd, RoundBob Uganda, and Swipe 2 Pay
  • Ivory Coast: Digitech Group, and DISTRICASH
  • Kenya: Kakbima, and MPost
  • Ghana: Inclusive Financial Technologies
  • Ireland: Pago Payments

It has been an incredible 3-month scouting journey for SBC Africa and now that the Top 22 have been announced, the Final Selection Days is the only hurdle left before the Accelerator officially kicks off on 13 August 2018.

There are high expectations for the Top 10 of 2018 and if the quality of the start-ups at this stage is any indication, 2018 is set to be a great success for the African tech and innovation ecosystem.

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