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UCT Shark Tank 2021

Calling all University of Cape Town student entrepreneurs!

Judges

Stand a chance to win either R100 000 or R20 000

Have you ever wanted to pitch to real Sharks?

This is your opportunity to get in front of the best!

Magda Wierzycka – co founder of Sygnia Asset Management and Braavos

Jason Basel - co founder of EduOne, Akro and currently Head of Growth with Qoorio

Jason is the Head of Growth at Lithuanian knowledge sharing company Qoorio, a platform that enables people to book each other to share advice.

He was formerly the CEO and co-founder at EduOne (acquired by Fundi Capital in 2020), a company operating South Africa's largest career guidance platform and a leading innovator in education funding services. The ed-tech company has ranked among Fast Company's Top 25 Most Innovative companies in South Africa, and boasts over 3 million users.

In addition to his role at EduOne, Jason also co-founded Akro, a pioneering venture-builder company that owns and operates a network of businesses on a mission to facilitate grassroots growth of true entrepreneurs and scalable startup businesses. Among the Akro network is Akro Accelerate, a super-early stage accelerator backed by Africa's largest venture capital fund, the SA SME Fund, and which pioneered the space with SA's first fully-remote, township-based program alongside Imvelo Ventures and the Technology Innovation Agency.

In 2017, Jason was named one of 200 Leaders of Tomorrow from a globally-selected pool of innovators by the St Gallen Symposium in Switzerland. Jason was also chosen as one of Investec and the Department of Science and Technology's 'most promising entrepreneurs in the field of education', representing his country at one of the world's largest tech events, Slush, in Helsinki Finland.

Outside of his professional life, Jason is an intrepid adventurer. He loves wandering into the wild North of Scandinavia in the midst of an icy winter, the coastlines in Southern Africa in the peak of summer or the sheering mountains of the Alps whenever the opportunity presents itself.

Anton Baumann – co founder of Imvelo Ventures, First prize sponsor

Anton is a Co-Founder of  Empowerment Capital Investment Partners.
 
Empowerment Capital specialises in setting up and managing Corporate venture Capital investment companies such as Imvelo Ventures, which has been set up by Empowerment Capital in partnership with Capitec Bank.
 
Before starting with Empowerment Capital  Anton was the Managing Director of the National Empowerment Rating Agency and a partner at Transcend Capital, a boutique corporate finance advisory firm which specialised in M&A and BEE related transactions for large listed South African and multinational corporates. He also served as a Finance Director on the Board of ABP, the Association of BEE Professionals and in this role, he represented the entire BEE verification Industry to the Department of Trade and Industry.

Anton is a qualified German lawyer and also holds an MBA from the Berlin School of Economics.

Precious Mdlalose - IDF Capital 

Register here for an information session.

Who can Apply?

Anyone or any company who has a cofounder who is

1) a currently formally registered student of University of Cape Town

Or

2) An alumni within the last 3 years of University of Cape Town ie Graduated: 2018, 2019 or 2020

Existing business – win up to R100 000

Ideation – win up to R20 000

Important Dates:

Round 1

11 September 2021

10:00 a.m. – 13:30 p.m.

Venue: TBA and online

Round 2

25 September 2021

10:00 a.m. – 13:30 p.m.

Venue: TBA and online

Final Shark Tank

5 October 2021

12:00 p.m. – 14:30 p.m.

Venue: TB and online

The two student associations, UCT Investsoc and UCT Entrepreneurs Society will be hosting various supporting workshops to get you ‘Pitch ready”. Keep an eye on their communication.

Frequently Asked Questions

Any questions you have will be answered.

Thursday 17 June 2021 16:00 p.m.

Register here: https://us02web.zoom.us/meeting/register/tZwsc-mpqjwqGN2aQFuDRkWB4SiNiwfUhxiy

Create a 3 minute pitch for your company / idea.

This needs to include the following topics :

1 Company Profile

        2.1 Include name of the company , vision and team members

2 Problem Statement

        2.2 Identify the pain points you are solving.

3 Target Market

        2.3 Identify who experiences these pain points by segmenting your customers.

4 Solution Statement /Product

        4.1 How are you making the customer’s pain their gains?

        4.2 Outline each unique value proposition

  5 Revenue Model

        2.5 Identify how you will make money by presenting your revenue and cost structure

  6 Competition

        6.1 Identify your competition and how you aim to differentiate yourself from them.

        On Pre selection Pitch day please note that you will ONLY have 3 minutes to pitch

        Application form needs to be submitted for the application to be considered

        A minimum of 7 slides and a maximum of 10 slides can be submitted.

3. Available to pitch on the 11th September, 25th September, and the 5th of October 2021

4. Be a registered UCT Student for 2021, or alumni from the last 3 years (2018 – to now)

5. Ruling by the Judges is Final and at the sole discretion of the Judges

6. By applying on the UCT Shark Tank you agree to receive Akro Capital Newsletter, which includes UCT Shark Tank updates among other Akro related updates.

As for the pitch, we need you to complete the application form. See here to complete: https://forms.gle/T8Fr4Lm8pAvvLCeAA

Although not necessary to have your pitch attached at time of application, please note we want you to ensure you have your pitch deck ready for Round 1 of Pre selection process.

Simon Shelton – Project Lead – UCT Investsoc

Mthoko Magubane – COO – UCT Entrepreneurs Society

Mandisa Makubani – Unlimited Experiences

Joel van der Schyff – AgrilogiQ

Nicolene Schoeman-Louw – Schoeman Law

No worries, we are happy to have UCT student representation for one founder only.

Yes we have a separate category for Ideation to win R20 000. Please make sure you are still available for the Important dates.

No worries. Join us for a workshop 9 September online at 16:15pm where we will take you through a business model canvas. Register here

Yes as long as you were an alumni from 2018 and not before.

Prizes for pre-selection:

Contacts4Biz

We offer Entrepreneurs access to an extensive suite of contracts created by top legal experts at affordable rates. Our platform is user-friendly, available 24/7 and supported by a range of free resources. Entrepreneurs can create and download professional legal contracts created by top legal experts in 5 quick and easy steps, without breaking the bank.

Contracts4Biz was conceived from the imperative to address the high rates of business failure contributing to inequality as well as poverty in South Africa.

Over 70% of businesses fail in their first year. The primary recorded reasons are lack of access to funding and markets. However, these are symptoms of an underlying cause, the high cost of legal services, lack of legal structure and compliance required to unlock opportunities. Before the launch of Contracts4Biz, entrepreneurs had less than a 30% chance of succeeding.

Now every entrepreneur can access top legal tools and Contracts needed to succeed.

Prize information:
Two Months’ Subscription (Full Access)
Contact hello@contracts4biz.co.za to claim your prize.

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Pocket Advisor

PocketAdvisor is an online platform equipping entrepreneurs, individually or through Enterprise Development Initiatives, Incubators or Accelerators, to enhance their practical and legal business knowledge with resources enabling well structured, legally compliant businesses for graduates, able to access investment opportunities and enter supply chains.

We have combined tips from top business, leadership and legal experts, to offer resources that enable sound decision making, sustainability and ultimate business success. Graduates from our Programs are well structured, legally compliant businesses with leaders equipped to grow and scale their team members and businesses.

Prize information:
Access to Any one of our PocketAdvisor Programs (Early Stage, Intermediate or Leadership) for 60 days.
Contact info@pocketadvisor.co.za to claim your prize.

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Final Shark Tank Prizes

First Prize

R100 000 – Imvelo Ventures sponsored

And an IMpumelelo Insitute 10 Week development programme.

https://impumeleloinstitute.co.za/

The Impumelelo Institute bridges the gap between potential and performance . We believe in collaboration and a collective consciousness when it comes to personal and business development and as such we develop long-lasting partnerships to create sustainable, holistic growth and development. 

Our Grandmasters of Success program is perfect for individuals who are looking for that first step. This program consists of 10 weeks of personal coaching which will guide you along the way to creating and implementing your personal success plan. Get ready to learn the secrets of motivation, goal planning, communication and much more!

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Akro is a company dedicated to helping entrepreneurs turn ideas into businesses. We offer events, venture funding and consulting services, and we have a painfully practical attitude towards entrepreneurship.

Copyright Akro Capital (Pty) Ltd © 2021 All rights reserved

Accelerator Application

R100k prize for top 3 startups!

Fill in the multi-step form below to apply. Please ensure your application is complete and well thought through. 

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