Deadline: 30-Jun-22
Applications are now open for the AYO Technology Solutions: Scaling Africa Series Challenge to empower South Africa’s Technopreneurs.
In collaboration with the SA Innovation Summit, this series will identify and support South African digital and tech-based businesses, disrupting the ecosystem with novel ways to solve business and everyday needs of communities across Africa.
The AYO Scaling Africa Series will provide Series A funding seekers, with high growth strategies and a sustainable competitive advantage, a chance to build capacity and grow. It aims to provide exposure, access to new markets, funding opportunities, business support and opportunities to scale.
Sectors
- Business solutions belonging to one of the following tracks are encouraged (not exclusive):
- Agritech
- Bio- & Health-Tech
- E-Commerce
- Energy & Sustainability
- E-Waste
- Logistics
Criteria
- A panel of expert judges will evaluate the Scaling Africa Series entries and select the Top 5 candidates as the finalists to compete in a virtual live pitch round.
- During the preliminary evaluation process, the pitches will be reviewed based on the information provided in the online entry form according to the following criteria:
- Series A / Growth Phase
- Product/Service proposition to solve real customer needs
- Scalable business model and quality execution strategy
- Sustainable competitive advantage
- Sound revenue and profit models Turnover: R5m – R50m
- Passionate & knowledgeable management team
Terms and Conditions
- The SAIS, and its partner AYO TSL, reserve the right by its sole discretion not to accept entries should they have been made by illegitimate, suspicious, and/or unqualified participants. Additional documentation may be requested during the review process as proof of information provided in the application.
- All entries are to be made through the online form. Entries received via email or other channels will not be accepted.
- Only fully completed entry forms will be reviewed. Any entries with missing information will be automatically disqualified.
- Any entries that do not meet the criteria for the competition entered will be automatically disqualified. Entrants to ensure their business meets the competition requirements before completing the form.
- Entrants to ensure concepts are protected – competitions are non-confidential. Concepts will be viewed by the public and therefore important to not divulge the know-how e.g. formula, code etc.
- By entering the competition, you give the SAIS permission to use images, footage and other visuals collected during the live pitch on social media, website and other relevant platforms.
- If an investment offer is made, due diligence will be undertaken and the potential investors have the right to request for documentation. Should the information provided in the entry form be a misrepresentation of the business, the investors can withdraw their offer.
For more information, visit https://innovationsummit.co.za/ayo-scaling-africa-series/