Software company Byte Orbit launched Startup Knight in 2012 as a competition to promulgate, support and embrace tech startups in South Africa by offering a disruptive competition platform.
It has opened the 2013 competition again but has introduced two divisions to the competition - Concept Phase and Startup Phase.
Unlike other competitions, the sponsoring company enters into a partnership with the winner in order to provide ongoing support and, as the company is software-based, it can provide infrastructure and professional guidance. Last year's winners (Easy2Map) excelled and received additional funding from Umbono Google.
The Concept Phase: Moneypulation offers a R100,000 cash prize. This stream of the competition is designed to attract visionaries with the most innovative 'concept phase' software product that will turn heads in the financial and tech industry, think BitCoin, Square, PayPal, Mint, Freshbooks etc. Note to contestants is that as part of the terms and conditions (T&Cs), all intellectual property of the winning concept is transferred to Byte Orbit.
The Startup Phase offers a R100,000 development and R100 000 PR prize for the most innovative software business that disrupts the South African tech industry. As part of the T&Cs, the winning startup will enter into a partnership with Byte Orbit whereby it takes 15% equity.
An array of successful South African entrepreneurs will guide the startups and the concepts entrants.
Adii Pienaar founder & CEP WhooThemes
Amit Ramdath CEO Byte Orbit
Andre De Wet GM PriceCheck
Anthony Stonefield MD Africa Gramercy Ventures
Brad Page media director Neo@Ogilvy
Catherine Lückhoff exco member: Silicon Cape
Charl Norman co-founder OnNet
Daniel Guasco CEO Groupon South Africa
Elmien Smit co-founder Runwaysale
Farris Massoudi CTO Emerging Circle
Jesse Green CEO Perk
Johan Nel CEO & founder Umuntu Media
Karl Hammerschmidt co-founder Runwaysale
Kishan Kalan co-founder Runwaysale
Martin Ras COO Byte Orbit
Rob Gilmour MD RSA Web
Shaun Adler founder & director Motillion
Steven Ellis co-founder Easy2Map
Tech Report, SmileFM, Radisson Blu and BandwidthBlog are partners in the event.
Eight concept phase finalists and eight startup phase finalists will be announced by 25 October and they will be required to pitch to a judging panel at the company's offices in Durbanville, Cape Town on 2 November. The day prior to the final day of pitching, 1 November, the finalists are required to attend a mentorship session at the offices.
The results of the winner will be announced at an invite-only cocktail event on the evening of 2 November at Radisson Blu, Granger Bay, Cape Town.
All entries must be submitted by 24 October 2013 to www.startupknight.co.za