SA Innovation Summit Competitions Open for Entries

In 2016, the SA Innovation Summit once again gives inventors, innovators and established companies the opportunity to enter their prototype or product into the Inventors Garage and/or SA Innovation Legends Pitching Den competitions.

Summit Director, Dr Audrey Verhaeghe, says “We’re excited about the level of innovation displayed,” adding “The competitions are a big part of the Summit, with finalists and winners exposed to a large number of investors and incubators. While finalists also take part in the Market on the Edge and stand to win incredible prizes.” This year also introduces the Match and Invest platform where entrepreneurs can pitch to investors directly in order to secure funding for their growing business.

Pitching Den Competition

This competition is open to high-growth start-ups, established companies and large corporates who are driving innovation on the African continent. “The Pitching Den was designed to recognise companies whose innovative tech-enabled solutions have the potential to make a significant positive impact on the growth of the continent,” says Dr Verhaeghe.

The overall winners will be announced at an Award Ceremony and stand a chance to win an overseas trip to meet international investors at Slush, a Finnish Innovation Conference supported by TEKES , PR exposure worth R200 000, the opportunity for IP consultation from Spoor & Fisher, matching-making and acceleration, and more. Through their respective Social Innovation platforms, the SAB Foundation will support the best Social Innovation with a prize worth R50 000. The Innovation Edge will be looking for opportunities to invest up to R1 million in ideas that have the potential to radically change the early life experiences of children, giving the best possible start in life right from the start. In addition to funding, the Innovation Edge could offer innovators with promising ideas the chance to attend a week-long incubation bootcamp offered by {code}bridge in Cape Town.

Entries to the Pitching Den are made online. Finalists will be invited to pitch their business to a well-rounded panel of judges at the main conference.

Inventor’s Garage Competition

This competition is open to anyone with a working prototype or product from proven concept to early commercialisation – whether a kitchen or garage inventor, a business or a seasoned innovator.

The first round of judging will then take place and those selected as semi-finalists will be invited to showcase their products or prototypes at the SA Innovation Summit’s exciting Market on the Edge. This will guarantee massive exposure, advice, mentorship and possible deal-making. The second round of judging happens at the Market on the Edge with initial entries also received online.

Both Competitions close on the 30th of July 2016

Match-making and International Exposure

“The goal of the Innovation Summit this year is Innovation Acceleration - scaling and impact for ideas that make a difference,” says Dr Verhaeghe. “The competitions are one way we are making this happen. We are also collaborating with the Swiss Start-up Summit this year, which will most likely lead to the SA Innovation Summit receiving far greater media reach in Europe – meaning even more exposure for competition winners.”

The Market on the Edge is expected to attract many visitors; entry is free to SA Innovation Summit conference delegates, and open to the public, at R80 per ticket.

The SA Innovation Summit main conference takes place this year from 21 – 24 September at the Birchwood Hotel and OR Tambo Conference Centre in Johannesburg. With little more than three months to go, preparations are underway for what promises to be a stimulating, informative and game-changing event.

Our Competition Sponsors

Tekes - the Finnish Funding Agency for Innovation -is the most important publicly funded expert organisation for financing research, development and innovation in Finland. They boost wide-ranging innovation activities in research communities, industry and service sectors. Tekes promotes a broad-based view on innovation: besides funding technological breakthroughs, Tekes emphasises the significance of service-related, design, business, and social innovations.

The SAB Foundation is an independent trust founded to benefit historically disadvantaged individuals and communities, primarily but not exclusively, through entrepreneurial development in South Africa. It was founded in 2009 as part of The South African Breweries (SAB) broad based black economic empowerment transaction called SAB Zenzele. While the transaction term of SAB Zenzele is ten years, The SAB Foundation will continue its existence indefinitely—becoming an evergreen contributor to community development.

The Innovation Edge offers a platform for testing the feasibility and effectiveness of Bold Ideas that can fundamentally change early life experiences for children - to give them the best possible start, right from the start. The Innovation Edge is part of a R90 million donor partnership called Ilifa Labantwana, which works with the South African Government and civil society partners in scaling up quality early childhood development across South Africa.

Spoor & Fischer handles the filing, registration, prosecution and enforcement of trade marks, patents, designs and copyright. Clients also choose us to draft agreements for their commercial intellectual property (IP) transactions and to negotiate the best terms. Our intricate knowledge of over 80 different intellectual property (IP) laws and practices across our core geographical regions - Africa and the Caribbean - means that we create and implement robust intellectual property (IP) protection strategies.


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