Methys labs offers up R100k prize for innovative startups

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.

According to the competition organisers, it’s aimed at supporting the seeding of innovative startups 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.

Those subsidies are to be used against the development of either a digital store, a website or a mobile application (Android, BlackBerry, iOS or Windows) by the entrepreneurs coming out with the most innovative concept.

Criteria such as business idea viability, disruption potential, customer adoption potential and design will be used for the determination of the winner.

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 cchalle@methys.com .

“Delivering Innovation and disruption is core to our company DNA, as our strong track record of incubation demonstrates,” says Christophe Viarnaud, co-founder and chairman of Methys. “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.