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The Tshimologong Digital Innovation Precinct, together with IBM is calling on black owned growth-stage startups to participate in this year’s TechAccel programme, a high-impact accelerator designed specifically for growing tech companies.
The programme was created to enable the development of growth-stage tech startups, using a bootcamp format that will run over five weeks, from 3 February to 6 March 2020.
The incubator programme will also focus on helping startups improve their skills and overall business efficiency so that each can focus on the most important aspects of growing its venture.
Applications close date on 15 November.
The TechAccel Programme will culminate in an investment proposal and pitch. The winning participants earn an investment of up to R500 000 in required products and services.
Tshimologong Precinct’s TechAccel programme is designed specifically for black owned growing tech companies
To win the prize, the tech startups need to demonstrate how the investment will be used to accelerate the business.
The competition is open to technology companies, which are defined as entities whose main focus of business is on the development and manufacturing of technology, or providing technology as a service, as opposed to tech-enabled companies which primarily deliver a service using technology.
Interested participants need to ensure that the business has a minimum of one-year trading as a registered entity with the Company and Intellectual Property Commission (CIPC)
The growth-stage tech startup should be black South African owned and managed. Turnover needs to be between R120 000 to R50-million per annum and the owner must be actively involved in the business.