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Local Is Lekker Winning With Chivas And The Venture

Local Top 5 Selected for $1M Social Entrepreneurship Fund.

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It is with great excitement to announce Chivas Regal’s The Venture campaign local top five.

The Venture is Chivas Regal’s global search to find and support the most promising aspiring social entrepreneurs who want to succeed whilst making a positive impact on the lives of others.

With over $1 Million in funding and resources, The Venture will enable social entrepreneurs from around the world realise their potential and gain exposure for their business.

We-recommend-tickWe recommend: Government Funding and Grants for Small Businesses

The local social enterprises that have beaten hundreds of applicants are; I’m Not Plastic (INP), Mama Mimi’s, Safe and Sound, Connectmed and CrashDetech.

Sibusiso Shangase, Head of Marketing, Chivas Regal, says: “Year two of The Venture has shown us that South Africa is home to innovative people who are ready to change the communities they live in and beyond. The number of entries received doubled from year one, making the selection process challenging”.

The Chivas Regal judging panel included the following business personalities – Group Chairman of GEM Group Lebo Gunguluza, Executive Creative Director at Joe Public, Xolisa Dyeshana; CEO and President of Ditshego Media, Tebogo Ditshego and Director of the Centre for Entrepreneurship at Wits Business School, Chimene Chetty and media personality and founder of Fix Scholarship, Fikile “Fix” Moeti.

The judging process was moderated by Consilium Consulting Group, South Africa.

Following the success of last year’s competition which saw over 1000 start-ups apply, Chivas Regal is launched the second year of its search to support the most exciting social entrepreneurs around the world.

Last year’s competition awarded businesses tackling diverse social and environmental issues. The local winner in the inaugural launch of the campaign was Lumkani Fire Detection which went on to make top five in the global leg of the competition.

Launched in October 2014, the first year of The Venture saw 16 counties participate. This year’s competition welcomed entries from over 25 countries including Poland, Panama and Peru. Only the most promising start-up from each country will be selected to become a global finalist and have a chance to win a share of $1m in funding.

We-recommend-tickWe recommend: 10 Tips for Finding Seed Funding

All finalists will also take part in The Venture’s Accelerator Week where they will receive training and business advice, as well as mentoring from some of the biggest and most influential names in business. What’s more, each finalist will receive global exposure for their start-up.

Only one of the five local finalists will go to Silicon Valley for the Accelerator Week. The winner will be announced at an exclusive gala event on 14 January 2016 in Sandton, at The Inanda Polo Club.

The finalists in full:

1. I’m Not Plastic (INP):

I'm-not-Plastic-Logo

INP is a ‘plants to plastics’ concept resulting in a single waste stream for both food waste and bioplastic products.

We are truly “Renewable by Nature”. Rigid food packaging is not recycled in SA and is therefore a major contributor towards pollution.

This combined with 10.2 tonnes of food waste per annum sent directly to landfill is not only a logistical nightmare that adds to the carbon footprint, but also creates methane at landfill, a gas contributing more to climate change than CO2.

Follow their Twitter page here.

2. Mama Mimi’s:

mama-mimis-logo

A collaboration between a baker and a businessman, one with a great product the other with a massive vision.

Together creating opportunities and changing lives. Using wood fired bakeries to create baked goods e.g. bread, muffins etc. whilst maintaining a sustainable and very scalable community business. These businesses could create 42 000 jobs in South Africa alone.

There is opportunity for entrepreneurs to become Mama Mimi’s Bakers in their respective neighbourhoods, and there is also a need for agents to service those bakeries in terms of the supply of Mama Mimi’s bread mix on a regular basis. In addition, corporate companies can support the development of neighbourhood bakeries through various means.

3. Safe and Sound:

Safe-and-Sound-company-logo

The business purpose is to connect deaf people with normal hearing people and lifesaving sounds prevalent in our surroundings. We produce a wrist wearable device that picks up human and emergency sounds.

These sounds are then communicated to the user through vibration, LED and lighting. The device also has the capability of alerting the user when the set perimeter in our surroundings has been breached; this then opens up the device to be used for child, car and pet monitoring.

4. Connectmed:

Connectmed-logo

Connectmed is a video based telemedicine platform that allows patients to connect over video. The platform is optimised to work well in low bandwidth areas.

5. CrashDetech:

Crash-Detech logo

With an average of 47 road fatalities per day, South Africa is one of the world’s most dangerous countries in which to drive. Time is the driving factor in case of emergencies and delays in receiving appropriate medical attention often turns out to be fatal.

CrashDetech is a smartphone application that runs silently in the background of your phone.

It automatically detects serious vehicle crashes and reduces emergency response times by pinpointing the crash location. It also ensures appropriate medical attention by providing vital patient information. We’ll know when you need us.

For more information visit www.theventure.com

We-recommend-tickWe recommend: How to Write a Funding Proposal

Chivas are looking for exceptional start-ups that use business innovatively to transform communities and solve global challenges. Whatever it is, if it's brilliant and can create real, positive change then Chivas want to hear from you.

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Rethinking Learning In The 21st Century

The changing world of work has disrupted the three elements of the traditional ‘career’: Expertise, duration, and rewards.

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Traditionally the concept of a ‘career’ was considered to include three elements:

  1. A career represented our expertise, our profession, and ultimately our identity.
  2. A career was something that built over time and endured. It gave us the opportunity to progress and advance.
  3. A career gave us financial and psychological rewards. It made life meaningful and paid us enough to live well.

The changing world of work has disrupted all three elements: Expertise, duration, and rewards.

A career can now be as long as 60 years; at the same time, due to rapid advancements in technology and the changes that bring about in the workplace, skill sets can become obsolete in as little as five years.

Increasingly, companies need to rethink the way in which careers are managed and learning opportunities are delivered, and many have already begun to overhaul their career models and L&D (Learning and Development) infrastructure in line with the digital age.

Related: Your Investment In Knowledge

Employees’ learning behaviour is also changing. In the past, employees were able to obtain the skills required for their career early on and as a once-off; now, the career itself is a journey of learning, up-skilling, re-skilling and continuous reinvention to remain relevant and to thrive in the changing world of work.

Older employees who studied at a time where most of one’s learning occurred prior to entering the workplace, find themselves working alongside millennials who place greater value on learning and progression rather than on earning potential as a first priority.

Eighty-three percent of the respondents surveyed in Deloitte’s 2017 Global Human Capital Trends survey say their organisations are shifting to flexible, open career models that offer enriching assignments, projects, and experiences rather than a static career progression.

However, in today’s fast-paced business world, even if companies are restructuring L&D delivery, no one is going to make you engage in a strategy that is essential to your future success – continuous learning. You will have to take the initiative yourself.

Noted self-help expert W. Clement Stone, in his many writings on this topic, recommended that one spends anywhere from a half-hour to two hours a day in study and thinking time. This tireless dedication, combined with an insatiable curiosity, will equip you to excel in the future world of work. What’s more, learning new skills and knowledge can be fun!

The good news for both companies and for employees is that an explosion of high-quality content and digital delivery models offers employees ready access to continuous learning. The Wits DigitalCampus offers a range of accredited and fully online short courses to support your continuous learning.

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Your Investment In Knowledge

When you understand the value of knowledge, in this world where technology is rendering previously expensive products or services much cheaper (and even free), it’s just a matter of getting more of it. Dedicate yourself to constant learning!

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Most people spend their lives collecting, spending, and worrying about money — so much so, in fact, that they say they “don’t have time” to learn something new.

However, some of smartest and busiest people in the world — Barack Obama, Warren Buffet and Bill Gates — all spend at least one hour a day on deliberate learning. They see what others don’t: That learning is the single best investment of our time that we can make. As Benjamin Franklin said long ago, “An investment in knowledge pays the best interest.”

When you understand the value of knowledge, in this world where technology is rendering previously expensive products or services much cheaper (and even free), it’s just a matter of getting more of it. Dedicate yourself to constant learning!

One of the very benefits of ongoing technological advances is that it empowers an accelerated and personalised learning experience that puts the learner in the driver’s seat. Modern learning harnesses the speed, power and ubiquity of digital capability. Online platforms, software and mobile devices means that the traditional hurdles to learning — such as income, status and location — have just about disappeared. Knowledge can now be gained by anyone with the passion to pursue it and the commitment to stick with it.

Related: Building Customer Relationships

We are only at the tipping point of what future learning technology can deliver. Artificial intelligence (AI) will transform all aspects of human capital management, including learning. Technology-enabled learning will be immediate and directly relevant to the task, for example:

  • personally tailored learning content and experiences delivered to you as and when you want or need them
  • chatbots and virtual assistants can source and categorise the information that you need for optimal decision-making
  • augmented and virtual reality simulations can provide a multi-sensory experience to speed up and embed learning.

Additionally, social connectivity already enables user-generated content to outpace and outstrip what traditional education and learning institutions can deliver.

Knowledge may be the new money but, unlike money, you don’t lose it when you use knowledge or give it away. Transferring knowledge anywhere in the world is free and instant. It’s fun to acquire and it makes your brain work better. It helps you think bigger and beyond your circumstances. It puts your life in perspective by essentially helping you live many lives in one life through other people’s experiences and wisdom.

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Are You Struggling To Find Financing For Your SME? Try Alternative Finance

If you don’t qualify for traditional funding or if it isn’t the right fit for your SME why not explore alternative funding? We specialise in alternative financing options by providing in-depth and custom plans for you and your business needs.

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Alternative Finance is finance beyond the traditional – it is defined by the financiers’ area of specialisation – by what they specialise in, whom they serve, and how they provide their funding. It does not replace traditional finance but rather functions as a complementary and additional form of funding.

Alternative financiers are specialists – they focus on a particular need and on a specific audience. As a result their ‘how’ is customised to deal with their chosen target market and for this targets unique needs. This applies to the funder’s processes and to their level of flexibility around things such as collateral.

An example of this is that a SME may have an existing R1 million overdraft (their traditional finance) secured by R 1.5 million collateral but suddenly they need R5 million for some kind of contract or bridging finance – they need it fast and don’t have that extent of collateral.

The traditional funder cannot provide what they need, their process is too long and their flexibility is too low. An alternative financier providing bridging finance and specialising in SMEs is ideally positioned to fill this gap.

One of the most significant differences between a traditional funder and an alternative financier is in their process. In the case of the alternative financier, they have often chosen to deal exclusively with a particular customer base, for example SMEs. As a result, this funder has both an affinity and contextually relevant empathy in working with SMEs.

Not only do they speak the same language the funder also has an appreciation for the time and material constraints of the SME and has developed their processes to cater to this market. This applies most notably to the turnaround time of the funding need and to the assessment aspect – where flexibility around things such as collateral is vital in making the finance happen for the SME.

A traditional funder is unable to meet the deadline of a bridging finance need, submitted on an urgent basis, where the finance is needed as soon as 2-3 days from time of application. A specialised or alternative funder is able to do exactly this. A traditional funder is also unable to find creative methods in solving the SMEs lack of high-value collateral in applying for finance.

This SME has generally already used their high-value collateral for traditional credit facilities but now needs funding for growth or resolution of a temporary cash flow challenge. An alternative financier is able to look at such an application in a different way, and has most likely already established alternative ways to make this happen for the SME.

Related: 5 Key Questions To Answer For Raising Funding

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