Applications have opened for the second instalment of #Hack.Jozi Challenge, a competition which seeks to reward entrepreneurs with great digital ideas that can transform their communities.
The #Hack.Jozi Challenge, a bootcamp for startup entrepreneurs, aims to contribute towards fostering skills, innovation and entrepreneurship in the digital technology space.
From the applications received, the top 100 entrepreneurs will be offered after-hours entrepreneurship and business training that will help them to refine the ideas.
They will all be hosted and mentored at the Jozi’s digital innovation hub in the heart of Braamfontein, where they will have access to various resources, mentors, advisors as well as partners to make their vision of helping their community a reality.
The top 20 will be offered additional business mentorship and all who make the top 10 will win a one year membership at the ICT Hub in Braamfontein.
“We aim to accelerate visionary entrepreneurs in the ICT sector. This is important because ICT is central to improved productivity, economic growth and job creation,” Executive Director for Economic Development for the city of Jo’burg, Ravi Naidoo said in a press release.
He added, “We are a young City with a young population and we have excellent business and research capacity which can create the perfect environment for us to develop advanced ICT products and services.”
Once application for the challenge closes, a strict pre-screening exercise will be conducted by a technical team. After two elimination rounds, the winners will be selected.
The sum of R1million will be awarded to the first prize winner while two runners up will cart away the sum of R350 000. The prize money are equity-free.
The challenge is open to South African entrepreneurs addressing challenges in the following categories: General; Public spaces/tourism; Smart infrastructure, and Economic development.
Interested entrepreneurs are expected to apply for the challenge before March 25, 2016.
In 2015, entrepreneur and founder of MoWallet, Desmond Mongue emerge winner of the challenge, carting away the sum of R1 million. The entrepreneurs behind MoveThis Stuff and Lazy Lizzard each won R350,000 for placing second and third respectively.
The Challenge is organized in partnership with The City of Johannesburg (The Department of Economic Development), which committed R5 million to the cause, and Wits University through the Jo’burg Centre for Software Engineering (JCSE).