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#Hack.Jozi: 100 shortlisted entrepreneurs receiving mentoring
The #Hack.Jozi Challenge, now in its second year, has whittled down entries from some 400 entrepreneurs to around 100 contestants looking to use technology to improve life in Johannesburg.
The 100 entrepreneurs are currently undergoing the first training and mentoring leg of the challenge. Within the next week or so, the top 100 projects will be narrowed down to 20 candidates with the final 10 announced in late April.
Following a series demo days, the final three winners will be announced on 19 May.
The #Hack.Jozi Challenge is a boot camp for start-up entrepreneurs that was launched by the City of Johannesburg and the JCSE (Joburg Centre for Software Engineering) at Wits University for the first time last year.
The first chapter of this initiative in 2015, which is now being mirrored by the City of Cape Town, showed how entrepreneurship in the broad area of digital technology can be identified and unlocked by providing meaningful support. In turn, employment and economic opportunities in the City are created.
Ravi Naidoo, Executive Director for Economic Development for the City of Johannesburg says 53 ideas representing teams including 109 people have been selected from the 414 entries. “Over 40% of the entries we received seek to promote economic development in our city; some 22% are ideas around smart infrastructure; 5.5% relate to boosting our public space and tourism offerings; and 30% of the entries are in the general category of the challenge.”
The participants now undergo the playoffs which will select 20 teams, then the final ten and ultimately the top three will be selected.
The first prize is R1-million and there are two runners-up prizes of R350 000 which will be managed by the JCSE together with a business mentor to ensure the prize money takes the winning idea beyond startup into a lucrative enterprise.
Says Naidoo: “We called on the tech-savvy people who live, work and play in the City of Joburg to submit their ideas for using technology to improve our city. The excellent response shows us that our people have great digital and technology ideas. It is important to support accelerating them into viable enterprises.”
“It is extremely encouraging to see how the #HackJozi Challenge has escalated in popularity since its foundation last year. We look forward to measuring over time how many jobs and economic opportunities are created as a direct result of this intervention.”
