The SA Innovation Summit has partnered with wine industry body, Winetech in search for innovators and disruptors – providing unique solutions and products which can be commercialised, to wine producers and the agri-tech industries.
The competition will focus on the following areas: climate change; water reclamation and resourcing; genetics; machine learning, AI and big data; and any other areas which increase efficiency, profitability and environmental sustainability.
The finalists of the competition will go through to the Winetech Pitching Den which will take place at the 2019 SA Innovation Summit, to be held in Cape Town.
The winner of the Winetech Pitching Den gains automatic entry into the Africa Cup competition, held on 13 September 2019, where they will compete with other finalists for a total of R8.5 million in investment funding.
Unicorn Group, a pan-African investment company targeting innovative ideas, start-ups and early stage companies in tech and tech-enabled sectors will sponsor the following prizes for the Africa Cup:
- First Entrepreneur: R5 million investment offer and three weeks of acceleration in a choice of one of the following three locations: Silicon Valley, Lagos and Budapest. All travel and stay expenses will be paid from the investment offer.
- Second Entrepreneur: R2.5 million investment offer and two weeks of acceleration in a choice of one of the three locations. All travel and stay expenses will be paid from the investment offer.
- Third Entrepreneur: R1 million investment offer and acceleration in South Africa.
Winners also stand to receive investment opportunities in the form of venture capital or other funding and will be provided with linkages to market – allowing them to transfer their innovation to the over 650 producers of wine in the country. Further to that, they will also be provided with business and entrepreneurial incubation and acceleration to fast-track them and their products growth.