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Western Cape entrepreneurs to pitch for multi-million rand investments

Western Cape entrepreneurs to pitch for multi-million rand investments

Western Cape entrepreneurs have an upcoming opportunity to pitch their business ideas to major funding bodies to secure a cash injection of at least R10m. The pitching session is part of the Western Cape Funding Fair, a joint initiative between the Western Cape Department of Economic Development and Tourism and Deloitte.

There are four days before the deadline for applications closes. The inaugural Western Cape Funding Fair will be held at the Cape Town International Convention Centre on 18 March 2015. It will provide a unique platform for Western Cape-based bankable, sustainable, profit-seeking projects and businesses that require a minimum of R10m in funding to connect with funders.

Alan Winde, Minister of Economic Opportunities, has encouraged local entrepreneurs to apply for the pitching sessions.

“This is a great opportunity for our entrepreneurs to step into our own version of the Dragon’s Den and convince investors and funders to make big investments in their business. The successful entrepreneurs will receive at least R10m. This will enable them to grow their businesses and employ more residents,” said Minister Winde.

To stand a chance to pitch, entrepreneurs must apply online by the end of this month (31 January 2015). The Western Cape Funding Fair comprises three elements, namely project pitches, entrepreneur-focused presentations and an exhibition on 18 March 2015: 

  • The top 50 qualifying entrepreneurs and project promoters will be given the opportunity to pitch their business propositions and funding requests to a panel representing major funding bodies. These sessions will be closed to the public.
  • Topical entrepreneur-focused presentations will be held throughout the day and the full programme details are available on the website.
  • Various funding institutions will exhibit at the Fair to promote their business products and network with other attendees.

In collaboration with the Western Cape Funding Fair, Deloitte is calling for final and honours year Chartered Accountant (CA) students to apply to attend the company’s leadership summit for bright young minds, named Suit Up, taking place in Cape Town from 17th to 19th March. Suit Up will see 50 students being hosted by Deloitte where they will not only gain critical business thinking skills, but also stand a chance to walk away with R5000 in prize money following a simulated pitching competition.

According to Willem van der Post, Partner at Deloitte, the Suit Up summit provides a unique opportunity for CA students to expand their professional networks, improve business acumen and flex their out-of-the-box thinking muscles. 

“Chartered accountants have to demonstrate a variety of skills to be successful in the real world, including problem solving and how to be an effective leader. A CA-qualification can help equip you to become the CEO of a Fortune 500 company or build your own empire, and it is this type of drive and desire that the Suit Up summit aims to promote. We want to plant the seeds of leadership and nurture this talent in the industry,” says Van der Post.

The public may attend the topic presentations and exhibition free of charge, and are required to register via the official Western Cape Funding Fair website for access.

Qualifying projects will be contacted by 16 February 2015 and will be invited to attend preparation workshops in early March.

To apply, visit www.westerncapefundingfair.co.za or follow the conversation on Twitter via the hashtag #WCFundingFair.

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