Startups are being encouraged to apply for a place on the next Seed Engine accelerator programme with ZAR100,000 (US$11,000) available for 10 successful applicants.
The programme, run by Marc Elias and based in Johannesburg, will begin in June and be their second of the year.
Seed Engine’s first ever programme is now coming to an end with the six startups rounding off their 13-week “accelerator boot camp” on Demo Day on May 3.
Elias said: “The search is on to find up to ten distinctive and disruptive business concepts. There’s been a dearth of tech start ups in South Africa, but we are turning this around by growing an integrated ecosystem which will contribute to job creation.”
The idea of the Demo Day is to secure follow-on funding for the startups from other investors.
More than 300 startups applied for the Seed Engine’s first programme and those that secure a place can benefit from mentoring, seed capital in exchange for equity, international exposure and introductions to potential investors.
Elias added: “We are looking for early stage entrepreneurs who have ideas which have international application.”
Startups interested in applying to Seed Engine can visit their website.
