Stellenbosch Idea Competition

THE FINAL 11 WINNERS HAS BEEN CHOSEN!

Bright ideas and clever plans are the stuff that successful entrepreneurs are made of. This is exactly why the Stellenbosch Idea Competition was looking for students and staff of Stellenbosch University (SU) who would like to transform their ideas into working plans to start promising new businesses. The winners of the SIC was announced at the gala event and eleven winners walked away with R10 000 in cash to turn their idea into reality, consultation time with patent attorneys as well as valuable mentorship time with local business leaders and a trademark. The chosen winners will be encouraged to develop their business ideas within the supportive environment provided by Innovus.

Blink idees en slim planne is die bestand waarvan suksesvolle entrepreneurs gemaak is. Hierdie is presies hoekom die Stellenbosch Idee Kompetisie gesoek het vir student en werknemers van Stellenbosch Universiteit (SU) wat hul idees wil verander in belowende besighede. Die wenners van die SIC was aangekondig by die gala geleentheid en die elf wenners het elk R10 000 in kontant ontvang om hul idee in ‘n realiteit te verander sowel as konsultasie tyd by patent prokereurs en kosbare mentorskap tyd by plaaslike besighede en boonop ‘n handelsmerk ook. Die gekose wenners sal aangemoedig word om hul besigheids idees te ontwikkel in die opbouende omgewing verskaf deur Innovus.

 

What is SIC?

 

The Stellenbosch Idea Competition (SIC) aims to encourage students and staff at Stellenbosch University (SU) to think innovatively and entrepreneurially, by rewarding them for their bright ideas. Staff and students can submit ANY idea (not just technology ideas) with commercial value for the competition and, if their idea stands out from the rest, they stand the chance of winning valuable prizes to give their business a head start. Winners will be encouraged to develop their business ideas in a supportive environment whilst studying for their degree or working at SU.

2012 could be the year that your idea changes the world. There is  a total of R100 000 in prize money up for grabs, as well as vouchers for value-added services like mentorship and hot-desk space (where you’ll have hands-on access to awesome business resources), and time with some of South Africa’s foremost business and thought leaders.

 

More about our partners

Two key organisations within SU have partnered to drive the competition.

InnovUS Technology Transfer is a wholly owned SU company responsible for the commercialisation of all of SU’s technologies and intellectual property and also the incubation of SU spin-out companies.

Nucleus is a student-run organisation which drives student entrepreneurship on campus. It organises talks and engages students on issues around entrepreneurship and intends to play a complementary role in stimulating entrepreneurial thinking at SU.

 

Ready to apply? Show us what you’ve got. Click here for registration details.

 

Gold sponsors

 

Silver Sponsors

 

Process

Application criteria

In order to enter the competition you must:

•Have a valid SU number i.e. you must be a student or staff member at Stellenbosch University

•Enter an idea and personal details in the format specified here.

•Not be a member of any of the organisations involved with the competition.

Competition Process

 

• You must submit a business idea in order to enter the competition. Entries close on 10 April 2012. Entries must be submitted online here. No business plan is required to enter.

•Once you have entered the competition you will be invited to attend four workshop sessions in April and May 2012, presented by well-known speakers on how to test the viability of your idea.

•After the four workshops you will be required to submit a viability study of your idea based on what you have learned at the workshops. The deadline for submission is 4 May 2012. A panel will evaluate the entries and 25 finalists will be selected for additional workshops regarding pitching of ideas.

•The selected group will be invited to develop their pitches in preparation for the final evaluation which will involve pitching to an expert panel of judges between 24 and 26 July 2012.

•The 10 top ideas will be selected by the panel of judges and rewarded with a cash prize of R10 000 each, as well as vouchers for other value-added services like mentoring, hot-desk space, and time with a South African thought leader.

 

Criteria for winning

The 10 winning ideas will be judged on:

•The quality of the pitch by the team;

•The viability of the idea, as detailed in the viability study submitted by the team, including the idea, team and market viability;

•How the team intends to spend the prize money, as detailed in the budget and execution plan.

 

Winning teams must commit to start operating their businesses within six months of winning.

 

 

  • 21 Feb 2012
    10:00 AM to 04:00 PM

    Venue: See us in the Neelsie

  • 13 Mar 2012
    05:00 PM to 08:00 PM

    Venue: VV Saal, Neelsie

  • 10 Apr 2012
    06:00 PM to 08:00 PM

    Market Viability | Venue: Library Auditorium

  • 17 Apr 2012
    06:00 PM to 08:00 PM

    Team Dynamics | Venue: Library Auditorium

  • 24 Apr 2012
    06:00 PM to 08:00 PM

    Gearing of Execution | Venue: Library Auditorium

  • 08 May 2012
    06:00 PM to 08:00 PM

    What's hot in Entrepreneurship | Venue: Library Auditorium

  • 11 May 2012
    08:00 AM to 11:59 PM

  • 17 Jul 2012
    12:00 AM to 12:00 AM

    Pitching | Venue: Library Auditorium

  • 24 Jul 2012
    12:00 AM to 12:00 AM

  • 31 Jul 2012
    12:00 AM to 12:00 AM

    By invatation only

21 Feb - 10 Apr
17 Apr - 08 May
11 May - 24 May
31 Jul - 31 Jul
Ready to Apply? Show us what you've got!

 

Submitting your idea couldn’t be simpler. Follow the easy steps below to set your business idea up for success:

 

1. Click on this link to create an account. IMPORTANT: Individuals, fill in your name in the Name field. Teams, fill in your team name in the Name field.

2. You will receive a confirmation e-mail with a link to activate your account.

3. Click again on Register / Login in the Menu bar on the home page

4. Log in

5. Read the Terms and Conditions of the competition.

6. Click on ‘Add attachment’.

7. Please fill in all the details and click on Submit. This includes uploading your idea in the Attach file field. Your idea can be submitted in any electronic format (preferably MS Word, Power Point or a text file) and should be no longer than 300 words (max file size 5MB). Teams can have a maximum of three members and each person's details must be filled in all the respective fields.* If the window closes, your idea has been successfully submitted!

 

*PLEASE NOTE: For team entries, all correspondence will go to the email address first used to register. This person is responsible for passing this information on to the other team members.

 

Registreer vertroulikheid

Jou idee bly jou idee. Die Universiteit, waarby InnovUS en sy personeel ingesluit is, neem nie eienaarskap van jou idee deur die Stellenbosch Idee-kompetisie nie. Die uitsondering is as jou idee voortspruit uit ’n navorsingsprojek aan die Universiteit en staatsbefondsing gebruik is om die ontstaan daarvan te befonds. Jy mag dan wel aan die kompetisie deelneem, maar onthou asseblief dat daar van jou verwag word om InnovUS te kontak, die situasie bekend te maak en jou te vergewis van die US se beleid oor intellektuele eiendom.

Kliek asseblief hier vir die volledige vertroulikheidsooreenkoms.

SIC Blog

And the winners of the Cape Town Entrepreneurial Competition 2012 are…

Idea Stage 1st place: Zoe-X : 2nd place: Ching : 3rd place: Home Bug
Growth Stage 1st place: Snapplify : 2nd place: Triggerfish : 3rd place: Umuntu Media

Earlier today all ten finalists received a second round of coaching and delivered their final pitches in front of the judges, mentors and other finalists. The awards ceremony concludes CTEC 2012, but the three Growth stage winners will receive additional coaching next week, in preparation for the Barcelona Global Entrepreneurship Competition nominations. The winners of both groups receive cash prizes and Samsung will award one team with additional prize in the coming week. Read more about the finalists.<-->

 

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