The #YouthstartCT competition winner is announced

Centre for Entrepreneurship – Rapid Incubator beneficiary, Mr Yandisa Langa walks away the overall winner for the #YouthstartCT competition for his growing business, Langa’s Mountain Enterprise.

YouthstartCTAn initial 165 entrants from aspiring entrepreneurs, were required to have a start-up idea that is already creating sustainable jobs, or has the potential to.

Through a vetting and verification process, the competitions top 100 entries were offered a 5-weeks, after-hours GrowthWheel® experience. The next tier of the evaluation entailed that in order to progress, these ideas were pitched.

During the progression from 100 to the top 10, 4 pitching sessions were held on 4 Saturdays. The progressing 15 finalists were selected to pitch their final presentation. This resulted in the selection of the top 10 with the most innovative and viable business concept to proceed to the final round.

The competition created by the City of Cape Town, the #YouthStart Challenge aims to provide young Capetonian entrepreneurs with an opportunity to either grow their business or get it off the ground. The programme supports entrepreneurs in commercialising, expanding as well as monetizing their businesses through their practical training and mentorship programme. The programme was opened to Cape Town residents who are SA citizens and between the ages of 18 and 35.

“A successful business needs more than just a capital injection. Development through training and mentoring is crucial for anyone starting out. Having access to those who have gone before and using their experience as a sounding board or cautionary tale is priceless,” said Alderman J.P Smith.

On 15 June 2017, the top three winners were announced at a gala event. All the finalists in the top ten received laptops, printers, access to network partners and sponsors for business support and mentoring. The top 3 received cash prizes from ABSA as well as committed mentoring from SEDA, False Bay TVET College - CfE&RI, UWC-Centre for Innovation & Entrepreneurship, and the Raymond Ackerman Academy.

Mr Yandisa Langa has since winning gone on to reinvest his prize monies into scaling his tunnel business which already has 2 tunnels and is seeking to increase this to a third.
We continue to wish Mr Langa well on his future business endeavours.

For more information on the Centre of Entrepreneurship- Rapid Incubator please visit their website: www.falsebayincubate.co.za

Author: Steve Reid: Manager for the Rapid Incubator and Centre for Entrepreneurship

Image Caption: Ms Wendy Somlavi, Mr Yandisa Langa, Executive Mayor of Cape Town Patricia Delille and Darren Campher