IBM South Africa, through its Equity Equivalence Investment Programme (EEIP) and together with Tshimologong Digital Innovation Precinct, has announced the launch of a start-up accelerator taking place from October 8 to November 16.
It is designed to enable the development of Growth Stage Tech and Digital Start-ups, using a boot camp format that will run over six weeks.
Focusing on enablement and development through a series of short, intensive and rigorous modules, the boot camp culminates in an investment proposal and pitch whereby the winning participants stand in line to win up to R500k in required products and services.
“Growing technology start-ups has long been a focus of the Precinct and we are pleased to partner with IBM SA to further develop this vital segment of the market,” said Shaun Randles, Enterprise Development Manager, Tshimologong Precinct.
“This boot camp is centred on investment, one of the critical elements of any growing business. We look forward to working with the teams to make a bottom-line investment in tomorrow’s future technology leaders.”
To win the investment, the tech start-ups need to demonstrate how the investment will be used to accelerate the business and interested participants need to ensure the business has a minimum of one-year trading as a CIPC registered company. The Growth Stage Tech Start-up should be Black South African owned and managed.
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