Launchlab and Attacq launch Smart Cities Innovation Challenge

Stellenbosch-based incubator Launchlab and JSE-listed investment company Attacq have teamed up again to launch the Smart Cities Innovation Challenge, with the pitching platform opening on 31 August.

LaunchLab will host a workshop on 17 August in Stellenbosch to detail current focus areas for the challenge in location technologies, transportation, security, black screen technology and technology.

Finalists in the smart cities innovation challenge will get Launchlab incubation support

Entrepreneurs who attend the workshop will get the opportunity to interact with experts from Attacq to get a better understanding of the challenge and can receive feedback on their business ideas.

Following the pitching session, those entrepreneurs with the top ideas can get access to part of a collective R100 000 to cover business development expenses and LaunchLab incubation support worth R80 000, including mentorship, a portfolio manager, workspace and internet. Additionally, their innovations will be used at Attacq’s new business park development Waterfall City.

Last year following a similar workshop by Attacq and LaunchLab, six winners were chosen from 86 submissions. Subsequently, three of those six final startups made it through LaunchLab’s Lift-Off programme and have gone on to partner with Attacq.

These are:

• Vizibiliti Insight – a predictive tenant solution that works through artificial intelligence
• Drive Buy – a startup aiming to save consumers time by allowing them to order and pay for goods while enroute to pick them up
• Swift Pay – solution that automates inventory and stock management for retail goods

Sign up for the workshop here.

Featured image: Supplied