Chivas Regal has launched the third year of The Venture, a global platform to find and support promising entrepreneurs who aspire to use enterprise and innovation as a force for good.
The Venture provides “social entrepreneurs” the opportunity to win a share of $1-million in financial investment, invaluable contacts and global exposure for their company, as well as mentorship from world-famous business mentors.
In 2016, more than 2 500 owners of start-ups from around the world applied for The Venture II, but only 27 were selected. Previous winners who have represented South Africa in the USA include CrashDetech, a revolutionary mobile phone app that detects car crashes, and Lumkani, a shack fire-detection device now used in informal settlements. Both businesses benefited from the opportunities created through The Venture platform.
This year, for the first time, Chivas Regal South Africa is exploring a new platform to garner entries in the format of a 10-part televised elevator pitch series. Entrants from the submissions to The Venture will be selected to appear on the series where, in just 60 seconds, they will pitch their business ideas. Participants will be narrowed down to the top five, who will then be mentored by well-known South African business moguls. The five will then re-pitch their polished business plans in a finale session to a panel of experts and celebrities, who will select The Venture 2017 winner to represent South Africa in The Venture III final in the USA.
The show will air on national television, providing entrants with publicity for their business.
“The essence of Chivas Regal’s global campaign of ‘Win The Right Way’ aligns the values of Chivas Regal with the human value of aspiring to use enterprise as a force for good through social entrepreneurship,” says Shelley Reeves, marketing manager for Scotch Whiskies at Chivas Regal. “This innovative form of business creates renewed focus on key aspects of social development, such as long-term sustainability and efficiency, by blending traditional business objectives with the South African philosophy of Ubuntu.
“Over the last two years, we have shown our belief in and commitment to this philosophy by awarding USD 2 million to start-ups that ‘do well by doing good’, because we believe purpose and profit can coexist.”
Both established and aspiring entrepreneurs can submit their business plans on www.Theventure.com until 15 November 2016.
AppDate: A security boost for schools
In his latest app round-up, SEAN BACHER features Karri, ChatBack, Charge Running, Bookings Africa and HomeChoice.
With large amounts of cash and very little security, schools are now becoming an easy target for criminals. Numerous schools across the country have already been raided, with several serious incidents and even fatalities.
In partnership with Nedbank, Karri has introduced a mobile payment app to address this growing problem. The app enables parents to send money securely to their child’s school. Hundreds of schools countrywide are using Karri, with most now refusing to accept cash payments from parents.
The app offers a simple alternative to children bringing cash to school by allowing parents to make payments via an app on their smartphone. It is free for parents to use and there are no hidden costs or sign-up fees for the school.
Platform: Android and iOS
Expect to pay: A free download
Stockists: Visit Karri here for downloading instructions.
Visit the next page to read more about ChatBack, Charge Running, Bookings Africa and HomeChoice.
ParkUpp is here to sell your unused parking spot
Prop-tech startup ParkUpp is helping residents and property owners to make some extra cash from their unused parking. This is proving to be a winner for JanuWorry, the month that often brings financial stress post the December holidays for many individuals and businesses across South Africa.
ParkUpp already has over 4500 listings on its platform, predominantly in Johannesburg and Cape Town. They include The Union Castle building owned by Izandla Properties, Design Quarter on William Nicol Drive, along with other commercial and residential parking facilities.
The app has also been awarded some accolades from property industry incumbents such as the Women’s Property Network (WPN) for Young Achiever’s category and South African Institute of Black Property Professionals (SAIBPP) for Disruptor of the Year. Also headed to Silicon Valley for a two week bootcamp with Kingson Capital, a South African based Venture Capital firm.
This award winning platform not only creates extra income from empty parking spaces, it also decreases drivers’ anxiety of parking in unsafe space and also saves them a buck. In the Cape Town CBD, with over 45% cars parked on-street: paying an average of R18/hour, amounting to R2880 a month, ParkUpp users are able to save up to 50% by renting out a parking for R1500.
ParkUpp co-founder Michael Savvides says home owners or businesses often get frustrated when they find someone illegally parked in their bay. “Instead of being frustrated, list your parking during the times it is unused for people to park in your space legally. No one really wants to knock on someone’s door to ask for parking so our platform is removing that uncomfortable feeling.”
“We create trust between owners and drivers through our vetting processes. We save drivers 50% on parking costs and generate extra income for the owners and we also provide access to spaces that were previously inaccessible,” he explains.
“Our current focus is to increase occupancy rate for the listing parking bays, businesses and individuals who need parking can visit the platform to make a booking or suggest a location where you need parking,” he concludes.
As a driver, should you not find your preferred parking, email the team with suggested locations at firstname.lastname@example.org in order for them to find you safe, secure and affordable parking for you.