Applications have opened for the Telkom FutureMakers InnoTech Accelerator & Incubation programme, an intensive ‘from concept to market’ process for entrepreneurs with great idea for a tech business.
The programme focuses on web and mobile applications development, software development and design, and gaming.
Selected entrepreneurs will be housed in a professionally serviced office space with connectivity, and receive mentorship and business training.
The programme will run in phases. The first eight weeks will see the entrepreneurs prepare strong pitches and address their business fundamentals.
The entrepreneurs that progress through phase 1 will go through an MVP bootcamp before entering phase 2, a 12-week process which sees them getting in front of customers and refining their business proposition.
Phase 2 will culminate in a presentation to potential funders. The entreprenuers will also have access to potential additional funding through Telkom’s Enterprise Development Fund.
“InnoTech looks to stimulate the creation of new businesses and support the expansion and growth of existing companies through the uptake of technology and innovation capability,” the organizers said in a statement.
During the programme, the entrepreneurs will have the luxury of meeting successful entrepreneurs on Founder Fridays, make site visits to Cape Town startups and network at the hottest IT events in the City.
Entrepreneurs, especially black entrepreneurs and black-owned SMMEs based in Cape Town, interested in the programme should apply as soon as possible. Applications will close on May 20, 2016.
The programme will run from June 2016 – March 2017 at the Bandwidth Barn Woodstock, Telkom’s Cape Town FutureHub.
The Innotech Programme is organized by Bandwidth Barn, a fully-owned subsidiary of the Cape IT Initiative (CITI) and Telkom, a South African telecommunications provider.