VENTURES AFRICA – Applications are now open for the second edition of South Africa’s top end tech accelerator, Seed Engine Business Accelerator programme, which offers a 13-week boot camp and R100, 000 ($11,000) each for up to ten tech business ideas.
The Seed Engine’s programme whose applications are currently open offers coaching, mentoring, workspace and access to investors on demo day where more than R2 million per venture can be raised for second round funding.
Seed Engine has already selected six ventures for its first 13-week accelerator boot camp from more than 300 applications. But the next programme begins in June this year.
Marc Elias, CEO of Seed Engine, 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,” Elias said.
“We are looking for early stage entrepreneurs who have ideas which have international application…We are looking to grow ideas into top commercial realities. We offer entrepreneurs extensive support and access to the right investor networks.”
Seed Engine is a Redwood Capital initiative powered by proud supporters of entrepreneurship, as well as support for employment creation in South Africa. source www.venture-africa.com