UK government hosts competition for South African tech entrepreneurs

The UK Department for International Trade (DIT) – in collaboration with the UK-SA Tech Hub –  is looking for South African start-ups to take part in the very first Prosperity Games in Cape Town from the 5 – 6 August 2019.

The main aim of the event is to help entrepreneurs improve their pitch skills, connect with local angel investors and VC funders, as well as provide mentoring and best practice learnings through workshops and panels from UK and South African experts.

The programme targets early-stage entrepreneurs and companies that have developed business concepts beyond the ideation stage but have yet to attract venture capital or other significant investment.

“Technology entrepreneurs across South Africa are constantly developing new solutions to global challenges,” said Elena Williams, director for Technology and Entrepreneurship.

“Now we are bringing together UK mentors with South African start-ups for the first ever Prosperity Games, so we can work together, share skills and find opportunities to develop mutually prosperous and thriving partnerships.”

How it works

The Prosperity Games is a mix of pitching and networking alongside managed panel discussions and presentations.

It is a real-time, simulated investment game where founders of tech start-ups or scale-ups pitch to ‘investors’ and other entrepreneurs taking part in the virtual funding round.

The format is relatively simple and comprises two groups – the entrepreneur founders as well as ‘investors’.

The Games attempts to mimic the feel of the entrepreneurial ecosystem and the challenges that entrepreneurs face using The Games’ bespoke app available on iOS and Android. Each tech founder’s company is profiled on the app and is valued at £1 million at the beginning of ‘the game’.

Participating ‘investors’ use the virtual £1 million to invest in their favourite start-up contestant throughout the day’s sessions. The three contestants with the highest virtual funds will be declared the winners.

Prizes for winning the event include:

  • 3-day bespoke business development programme including specialist mentoring to make your scale-up ambitions a reality;
  • Introduction to UK and SA-based entrepreneurs to share their experience and networks;
  • Mentorship and network access support via the UK-SA Tech Hub.

How to apply

You can sign up for the event here.

To apply, you need to be a start-up with a minimum viable product, and innovation and entrepreneurial component and a focus on technology for good

All applications will be reviewed, and successful applicants will be contacted. Application close 28 July 2019.

Read: Nearly half of SA jobs will be replaced by automation

Must Read

Partner Content

Show comments

Trending Now

Follow Us

UK government hosts competition for South African tech entrepreneurs