Calling for innovative Tech or ICT ideas!!!

Propella Township Incubator is calling all aspiring tech / ICT entrepreneurs to join our first cohort of incubatees at our new Propella Township Incubator (Neave Township).

All you need is an innovative business idea in the ICT or Tech space, and we will help the selected entrepreneurs develop and grow their ideas into viable and profitable businesses.

The call for ideas (must be innovative and within the ICT/Technology/4IR space) is open to all members of the public but preference will be given to the following:

• Youth (18 to 35)

• South African residents

• Female

• Disabled

• Township based

Submissions close on 31 July 2020

Visit our website for entry forms : https://propellaincubator.co.za/Application-Process/question-category (Hot Tip – Be sure to complete ALL the information requested on the form … the last thing you want is to be disqualified for an incomplete form!)

Entries received will be reviewed and the top 30 submissions will be invited, via email, to attend an intensive two-day bootcamp. The bootcamp will provide the entrepreneur with the opportunity to refine and polish their idea by addressing business fundamentals, customer validation and getting them ready to pitch their idea to potential funders.

The bootcamp will take place via Zoom on 11 to 12 August 2020 and attendance of both days is required.

This may be the opportunity you have been looking for to turn that big idea into reality!

For any additional information or queries contact Mara at: mjacobs@propellaincubator.co.za or on 041 502 3700.

Propella Future Makers Programme

Future Makers, is an intensive programme "from concept to market" process run by Propella for IT innovators.

• You need a great idea and some determination

• An app, a service or an IT application that no-one else has thought of yet or requires help to commercialise and scale

• OR, you need a product or service that will facilitate the commercialisation and growth of a tech business eg social media, bookkeeping, CAD CAM design, software development etc

• Idea must fit into the operations of a Smart City or Community, such as Industry 4.0, IoT, etc.

• Approximately 100 ventures are selected to attend a two day Stage 1 “Bootcamp”

• No cost to participate

• You don’t need to be trading yet

• You need to be in start up phase and require incubation support

• But there are also no free lunches – you will be expected to invest at least eight hours a week in Propella workshops, and even longer doing your research and groundwork.

• Convince the panel, via a video pitch, that your idea has potential to turn into a business to become one of the 40 ventures who progress to Stage 2

• Stage 2 is eight weeks on a business incubation journey to validate and prove that it’s a viable opportunity.

• Crack the nod for Stage 3 for an additional three months of business acceleration to obtain your first revenue paying customer.

This is the chance you've been looking for to make your big idea a reality.

Propella Industrial Programme

This programme aids applicants that are seeking assistance in developing their innovative products, processes and/or services within the following areas:

• Renewable Energy

• Energy Efficiency

• Advanced Manufacturing, Automation, and Industry 4.0

• Internet of Things

• Smart City solutions

The industrial incubator will consider applicants who already have a proof-of-concept or early stage prototype. Applicants are required to make an online submission on the website. Once the applications are screened internally and align to Propella’s vision and focus areas, then applicants would be required to present their innovations to a panel. Should the panel endorse the application, the start of a 3-year journey with Propella would commence.

Propella offers both virtual and physical incubation services. Prototyping support facilities such as 3D printing, 3D scanning and small part machining and moulding are available, together with a well-resourced workshop that has all the basic tools required for manufacturing. There is also a network of skilled technical and business support. If there are products that demonstrate great growth / market potential, Propella would also be willing to engage in ‘cash for equity’ discussions.

Content covered for Industrial innovators is determined by an in-depth diagnostic conducted on the business and technology as the venture enters the programme. A journey is charted and agreed on that best utilises the resources made available by Propella and the objective and times frames of the innovator.

Typically, an advisor and mentor are assigned to the innovator who also receives access to the Propella Content Platform and bi-weekly workshops offered by Propella.

The following key development stages are covered over a maximum period of 3 years.

• Prototype finalisation testing and trialling

• Go to market preparation

• Growth scenarios, preparation, and scaling of the business