As part of an initiative to encourage innovation and entrepreneurship in South Africa, international technology group Methys is offering Western Cape entrepreneurs an opportunity to pitch an innovative project and receive a R100,000 subsidy in development value for a website or mobile app.
The Methys Labs Innovation Challenge aims at supporting the seeding of innovative start-ups in the Western Cape. A total development value of R100,000 – to be used against development of either a digital store, a website or a mobile app – will be awarded to the entrepreneurs coming out with the most innovative concepts.
Criteria such as business idea viability, disruption potential, customer adoption potential, design and scalability will be used for the determination of the winner. A panel comprising Methys folks and independent business people will adjudicate the Award, which will be announced at the Cap40 Awards event happening on December 3 at the Granger Bay Hotel School. Submissions are to be sent by November 20 to firstname.lastname@example.org.
Christophe Viarnaud, co-founder and chairman of Methys, elaborates:
“Delivering Innovation and disruption is core to our company DNA, as our strong track record of incubation demonstrates. The Methys Labs Innovation Challenge aims at identifying entrepreneurs with potential to succeed in the digital space; coming from either an eCommerce space or transitioning from a brick and mortar environment.”
The competition is open to any individual or company based in the Western Cape. More information on the competition is available online on the Silicon Cape website.
About the Cap40
The Cap40 is an innovative platform linking French and South African entrepreneurs and professionals. It aims at increasing the business relations between the Western Cape and France through larger investment, trade and knowledge flows.
The Cap40 has an active online platform and organises regular events focusing on a specific sector or field. More info on Cap40 website.
About the Cap40 Awards
On Wednesday 3 December, the Cap40 will reward the French and South African start-ups and companies which performed outstanding innovation, results and projects in 2014. Many special guests will be invited and highly valuable prizes will be awarded to the winners.
Christophe Challe – Communication and Media Officer email@example.com
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