The Stellenbosch University LaunchLab together with Nation Builder and the Mergon Group, is currently inviting business pitches for the inaugural Nation Builder Social Innovation Challenge.
This competition was launched earlier in March, and aims to identify and support South Africa’s social entrepreneurs with an opportunity to win a share of R150 000 seed capital.
Entrepreneurs with a self-sustainable business idea – no matter how simple or small – that addresses particular social issues, positively impacts communities, empowers the disadvantaged, or has the potential to solve local problems in innovative ways, are invited to enter the Social Innovation Challenge.
Submission requirements: Submit a 3-minute video (cell phone footage can be submitted too) of yourself explaining your business idea with your entry form which can be found on the LaunchLab website:
Submissions opened on 19 March, and the deadline for online submission entries is 11 May 2018. The top ten finalists will be notified by the end of May. Pitches will be shortlisted and be taken through to the final pitching event to determine who walks away with their share of R150 000 seed capital.
LaunchLab’s terms and conditions apply, and are available to download here:
Launchlab believe that social entrepreneurs are the next wave of change makers and social reformers in our nation, and we want to support and showcase some of the great and emerging home-grown social businesses as a means to challenge us all to think differently when addressing our local social challenges.