August 31, 2018 IBOMLLC Team

SA’s Wine Industry Innovation Challenge now receiving applications

Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Startup entrepreneurs with innovative products and ideas that could disrupt the wine industry both locally and internationally are hereby invited to apply to the Wine Industry Innovation Challenge.

This challenge came about after a partnership between FinTech and the Stellenbosch University-based incubator LaunchLab and Faculty of AgriSciences. There is $10,600 (R.150,000) prize money up for grabs for the winner.

Other than the cash award, the top participating startups will also benefit from exposure to a broad network of investors. The investors come from various backgrounds including the wine industry, business community, and the tech sector.

We are passionate about advancing the South African Wine Industry, and paving the way for success by creating and sharing knowledge. We make it our mission to identify, prioritize, commission, completer, and transfer research, development, and innovation projects and initiatives that will directly contribute to strengthening the profitability and competitiveness of the industry,” said Gerard Martin, the executive manager of Winetech.

The wine industry is under severe pressure from many angles, so in order to compete successfully in a very dynamic global marketplace, the innovation challenges are becoming more complex. As the old formulas …read more

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