Application Deadline: August 5th 2019

In Partnership with Department of Telecommunications and Postal Services Standard Bank is assisting with identifying and supporting 5 high technology entrepreneurs. 5 Selected companies will receive development support and and an opportunity to attend the ITU Telecom World 2019 in Budapest, Hungary on 9-12 September 2019.

Application Criteria:

The applicant must be a South African individual that:

Has a registered operating business that has an annual revenue of less than R51 Million 

Is 51% black owned  Is trading within South Africa  Has a tangible product or service which is ready for international markets (therefore businesses that are in idea validation, prototyping phase will be excluded) 

Is running the business on a full time basis and is fully involved in the daily operations of the business (therefore part time businesses will be excluded) 

Product must be easily transportable or the entrepreneur can come up with showcasing at the ITU summit if the product is not easily transported

Benefits for the tech entrepreneurs include:

A GAP Analysis to establish areas of the business that potentially needs improvement or support. Development support and master classes (on an individual needs basis). Full access to a vibrant community of entrepreneurs, start-ups and high growth companies through Standard Bank’s Enterprise Development and Incubator. The winners will receive additional mentoring and be introduced to Standard Bank’s network, where appropriate.

On-going mentoring from senior executives and senior members from the tech community, to help shape the products and technologies being developed.

Flights and accommodation will be provided by Standard Bank and the Department of Telecommunications and Postal Services. (Terms and Conditions apply).

Process

Applications are currently open and close on 5 August 2019 at midnight.

Top 15 will notified on the 6 August 2019. 15 finalists will be chosen to participate in the Virtual Pitch Event via Skype / Video Calls / Whatsapp on the 7 August 2019. Video Calls will be used to interview the top 15, where 5 winners will be selected.

Top 5 will be announced on 7 August 2019.


The winners will be invited to showcase their products / services at the international exhibition in Budapest on 9-12 September 2019. Flights and accommodation will be provided by Standard Bank and the Department of Telecommunications and Postal Services. (Terms and Conditions apply).

For enquiries contact: Linda Swart on Incubator@standardbank.co.za

For More Information:

Visit the Official Webpage of the Standard Bank Industry 4.0 Challenge 2019

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