The City of Cape Town has announced the launch of the #YouthStartCT Entrepreneurial Challenge to provide training and development opportunities for start-ups boosting employment in their local community, as well as reward them with prizes.
The main aim of the competition is to contribute to business skills development, innovation and the growth of entrepreneurs in Cape Town.
The #YouthStartCT Challenge serves as an accelerator programme for start-up entrepreneurs in Cape Town aged from 18 to 35.
To enter the challenge, entrepreneurs are required to come up with an innovative idea for creating employment in your community, make a short video explaining their idea and upload it to a public platform (e.g. YouTube).
Also, they are to complete the #YouthStartCT application form and submit same.
“We want you to come up with the best entrepreneurial ideas for boosting employment in your local community. We will provide training and development opportunities for start-ups. The winners will be given the chance to partner with the City of Cape Town on projects which will uplift job seekers and provide sustainable employment opportunities,” The City of Cape Town stated on its website.
After the closing date for applications, the submissions will be assessed and the top 100 entries selected.
The 100 would participate in a 10-week mentoring and training course, after which the group would be whittled down to the top 50, top 10, and then the top three. The top 3 entrepreneurs will share ZAR100,000 worth of prizes.
The #YouthStartCT was launched because the organizers believes entrepreneurship is key to the national agenda for the alleviation of poverty, unemployment and inequality in South Africa.
The Challenge was launched by Cape Town’s Social Development and Early Childhood Development Directorate in partnership with Seed Academy, a training, incubation and funding ecosystem for entrepreneurs.