According to Kamogelo Kekana, co-founder of Akiba Digital, a mobile application for financial services and a current participant of the VIP Summer School, the programme really helps set up entrepreneurs for success. “One big benefit is how the programme integrates you into the Cape Town start-up ecosystem.”
For fellow participant Rufaro Masiiwa , who is with Mkwereti, a data analytics platform for the agricultural sector, a highlight has been being challenged to test risky assumptions about business models early on during the 5 day design sprint. “There is so much access to a wealth of support and business acumen, as well as legal, financial and marketing help on the programme,” she says.
The programme also offers entrepreneurs an invaluable opportunity to connect with other start-ups on the same journey says Dhanyal Davidson, from the Digest, a financial media start-up for millennials as well as Prospa, a savings solution for low-income earning South Africans. “It keeps your energy high and gives you a sounding board when faced with both mental blocks and tough decisions.”
These and other start-ups who are participating in the VIP Summer School will showcase their business models at a Demo Day on 26 June 2018. “The event is designed to give them an opportunity to present to investors and corporate partners. It is also a chance for potential participants to come and have a look at what the programme is all about,” says Shiela Yabo, Co-ordinator at the Solution Space.
Yabo adds that since the inception of the VIP programme two years ago, the standard of the programme continues to go up, with the level of entrepreneurs joining being also very impressive. To qualify, start-ups must be working towards building a sustainable Africa through digital solutions, be committed to their business full-time, and be a team of at least two members.
“We focus on the early stage of the development process. Our aim is to get a business model validated and to see what is needed to turn it into a startup that is sustainable and scalable,” says Yabo. The programme is aiming to reach innovators in Fintech, IoT, Edtech, Agtech, e-commerce, entertainment and gaming as well as Healthtech.
Yabo adds, “One of the strongest aspects of the programme is connecting people within the right industry to networks for mutually beneficial relationships and collaborations. In many instances, that in itself, has been a major stepping stone to success for these participants."
For more information or to apply to the VIP Winter School Programme visit GSB Solutions Space. Applications close on 1 July 2018
To RSVP for the Demo Day