100 entrepreneurs from Cape Town, South Africa have made it to the #YouthStartCT Entrepreneurial Challenge; a startup incubation program aimed at giving mentorship and training to budding entrepreneurs. The program also seek to identify promising startups with solutions that can be scaled up and applied in solving challenges facing the masses.
The program has been organized by the City of Cape Town’s Social Services Directorate, with the aim of contributing to the city’s business skills development, innovation, and spark entrepreneurship.
Now on its second leg, the inaugural edition of the competition was held last year where three winners were identified and walked home with a combined prize of R200,000 to get their businesses off the ground.
The current (2nd) edition is open only to entrepreneurs from Cape Town (Capetonians) aged between 18 – 35 and must be South African citizens. The eligible startups must either be an existing business with employees, or a promising startup showing potential to create sustainable job opportunities.
The competition has already passed the applications and assessment phase, and 100 entrepreneurs have been selected as finalists. The 100 entrepreneurs will go …read more