AYO Scaling Africa Series

Empowering South Africa's Technopreneurs

AYO Technology Solutions has collaborated with the SA Innovation Summit to present the first ever AYO Scaling Africa Series  to empower South Africa’s Technopreneurs. This is an opportunity for Series A digital and tech-based businesses, with high growth strategies and a sustainable competitive advantage, to build capacity and grow. The AYO Scaling Africa Series is open to business solutions in agritech, biotech, healthtech, e-commerce, energy & sustainability, e-waste and logistics (not exclusive).

The top 5 finalists will be selected by a panel of evaluators and pitch in a virtual pitching den in July where the winner will be given a R100 000 cash prize. In addition, they stand a chance to be considered for equity investment and other opportunities for funding and scaling. The Top 5 will also participate in a round-table discussion at the 2021 Summit.

For more information or assistance, please contact us:

competitions@innovationsummit.co.za more

Prize ^$7K

Funds 1 startup per year

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General Terms and Conditions for the AYO Scaling Africa Series

Below are the general Terms and Conditions and information to assist you in completing your application successfully. TERMS & CONDITIONS - The SAIS and its partner, AYO Technology Solutions, reserve the right by its sole discretion not to accept entries should they have been made by illegitimate, suspicious, and/or unqualified participants. Additional documentation may be requested during the review process as proof of information provided in the application. - Fully completed application forms will be reviewed. Any entries with missing information will be automatically disqualified. - Any entries that do not meet the criteria will be automatically disqualified. - Entrants to ensure concepts are protected - the programme is not fully non-confidential. Concepts will be viewed by the public and therefore important to not divulge the know-how e.g. formula, code etc. - By entering the programme, you give the SAIS permission to use images and profiles on social media, website and other relevant platforms to facilitate your company's market exposure. COMPETITION INFORMATION: The entry form questions are largely multiple choice and they are designed to enable potential investors to assess the investability of your business. 1. General Information - basic information about founders and the company 2. Growth Potential & Industry Experience - revenue and business plan 3. Market Dynamics - product competitiveness and market analysis You will be notified of the outcome of you application when entries close after 31 May 2020.

I have read and understood the above Ts&Cs for the AYO Scaling Africa Series

GENERAL INFORMATION

Start-Up Concept Guide: innovationsummit.co.za/concept-guide-1/

Briefly describe the Founders. Company should have more than one Founder.
What makes the founders the best people for this business/industry?
What is your gender?
What is your age?
Please describe your race/ethnicity.
Please specify
Tell us more about your team. Describe your company structure: role, experience and skills

Company Details

Personal if company not registered

Company Name (Trading Name) Enter N/A if company has not been registered
City / Town / Township / Village
In which province is your business based?
Tell us about your Business/ Product Make sure your answer is clear and concise and sets you apart from other applicants. What is your product/business? What value is your product/service providing? How does it work?
What makes your business a good investment for a potential equity funder?
What investment stage is your company? Learn more about a start-up's stage of development here: innovationsummit.co.za/concept-guide-1/
How long has your start-up been active?
Why did you start your company?
Company Website
Kindly upload your company logo. (Max file size 30MB.)
Type of Enterprise / Business
Please specify
How big is your enterprise?
Please specify
How does your company position itself to target its customers? Learn more about business models for targeting your customers: innovationsummit.co.za/concept-guide-1/

GROWTH POTENTIAL & INDUSTRY EXPERIENCE

Start-Up Concept Guide: innovationsummit.co.za/concept-guide-1/

Which of the following options are applicable to your organisation?
Do you believe you have a comprehensive business plan?
How scalable is your current business model?
How will your business look 5 years from now? What is the projection of your business?
What will be required for the 5 year plan to be realised? Strategies in place to reach 5 year plan.
What is the company's monthly revenue in the last year? What is the average income generated by selling your product/service?
What is the company's annual turnover? How much is business are you generating each year through income or sales?
What kind of support are you looking for?

How much financial capital do you require (amount in Rands)

Please indicate what support you are looking for.
How much does it cost to produce your product or deliver your service?
What is the average purchase value per customer? Amount in Rands
How much revenue is required to cover all the operational costs for your company per year Amount in Rands
Do you have IP protection? i.e. is your product protected by law?
Type of IP

MARKET DYNAMICS

Start-Up Concept Guide: innovationsummit.co.za/concept-guide-3/

What sector do you operate in?
Who are your current customers? (e.g. general consumers, small businesses, large organisations etc). Describe your target market.
Describe your competitors. Who else is providing a similar product/service? How?
What competitive advantage do you have over your competitors?
What opportunities can your company leverage in the market you operate in?
What are the 3 most impactful risks or threats to the survivability of your company?
Kindly upload a 90 second elevator pitch video. (Max file size 30MB.) What is the name of the company. What do you do? Who is the target market? What problem are you solving? Who are your competitors? How is your product different?
Kindly upload a two-page company/investment teaser (Max file size 30MB.)
Kindly upload any supporting documentation (e.g. business plan, marketing collateral, financial statements etc.) (Max file size 30MB.)
I confirm that the information provided in this application is true and I have understood the programme's terms & conditions. I understand that information about my company might be published on social media and other digital platforms to get traction and to provide my business with market exposure.

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