LaunchLab, a business incubator housed at Stellenbosch University (SU), South Africa, has opened applications for the Water and Waste Management Challenge.
The challenge seeks entrepreneurs and innovators with ideas for saving and managing water, which will help solve South Africa’s water crisis once and for all.
Following a workshop attended by over 70 people, four focus areas were identified. They are Waste as a Resource; Reducing water waste; Water measurements and analytics; and Localised community services.
Would-be participants are required to submit their 3 minutes video pitch online between now and 5 May 2017. Their pitch must indicate the problem, value props, how money will be made, stage of development of the idea, and the team.
Entrepreneurs selected for the final event, which will hold on 17 May 2017, will be announced on May 8. The winners will receive a share of US$3,725 (R50,000) cash, and get incubation support from the LaunchLab worth about US$6,000 (R80,000).
The challenge is as a result of a partnership with University of Western Cape (UWC), University of Cape Town (UCT) and Cape Peninsula University of Technology (CPUT).
“The water challenge in South Africa has the potential to significantly limit the economic growth potential of the country. At SU we are committed to making science and innovation relevant for society and therefore are now looking for solutions to this crisis,” said Prof Leopoldt van Huyssteen, SU’s Chief Operating Officer.