Stellenbosch LaunchLab calls our innovative and creative students to participate in Innovation Showdown: a competition for registered students to enter their existing businesses or business ideas. You will not only win cash and other prizes but, more importantly, bragging rights and a trophy for the most innovative and entrepreneurial student cluster.
Entries opened on 11 April and close on 5 August 2022 at 23h59.
Leana Kotze, business development manager at SU LaunchLab, says there are two categories for entries. You can enter an innovative business idea that has not been put into operation and not generating revenue or join an existing business that is currently operating.
“Students may enter more than one business idea or business in any of these two categories, but only one idea or business will go through to the final round," says Kotze. The selected students will attend three workshops with the SU LaunchLab to develop their entrepreneurial skills, help them to grow their business and prepare for the Innovation Showdown.
“Finalist will pitch their businesses and ideas to a panel of judges and in front of a live audience at a hybrid event on 30 August 2022," says Kotze, mentioning that the pitch will only be 3 minutes long, followed by 3 minutes of judges' questions.
All category winners will receive R7 000 in cash and 1-hour long business mentorship session with the SU LaunchLab. “The Cluster with the highest scoring entries in the Showdown wins a trophy for Most Innovative Cluster, the bragging rights that go with it and R 3000," added Kotze.
Click here for more information on the Innovation Showdown.