South African software company Byte Orbit has opened applications for its second Startup Knight competition to award startups and assist with ongoing support.
Looking for the startup which has “the most innovative software business that disrupts the South African tech industry”, finalists stand a chance to be awarded funding at the value of ZAR100,000 (US$9,967) according to category.
The competition closes on October 24, and the finalists will be announced the following day.
South African entrepreneurs such as Andre de Wet, general manager at Price Check, and Daniel Guasco, chief executive officer (CEO) at Groupon, will mentor startups.
Mentor sessions will kick off at the beginning of November, with pitching sessions on November 2 and a cocktail evening where the winners will be announced.
The criteria for prospective winners in the concept phase, called Moneypulation, is vision with innovative concept phases for software products in the financial and tech industry.
Byte Orbit will adopt the intellectual property (IP) of the winning startup in this category, awarding the business with ZAR100,000 (US$9,967) in cash.
The startup phase prize of ZAR100,000 (US$9,967) for development and ZAR100,00 for press relations (PR) prize will be awarded to the company with the most innovative software revolutionising the South African tech industry.
Byte Orbit will take a 15 per cent stake in the winning startup phase business.
HumanIPO reported last year on Easy2Map, also a successful 88mph startup, as the first Startup Knight winner.
