Deadline: April 29th 2022
UCT GSB Solution Space e-Track Programme 2022 for entrepreneurs and early-stage startups
The e-Track Programme, which is run in collaboration with ayoba, is a three-phase early-stage venture acceleration and capacity-building program for high-impact entrepreneurs in South Africa and worldwide. The program is meant to help teams establish scalable businesses with international potential using a high-touch scale-up methodology. Individuals can either develop their own business idea or join an established company. Corporate partners can also interact and collaborate on specific research and development agendas through the program.
e-Track is a three-phase venture acceleration program that addresses the various stages of venture formation and growth.
- Phase one is the 5-week Venture Launch course which focuses on validating the venture concept.
- Phase two is the 12-week Venture Exploitation course which is aimed at accelerating the development of the validated venture.
- Phase three is the 12-week Venture Scaling course where ventures are supported by ecosystem partners and investors to expand and thrive within their markets.
Requirements For UCT GSB Solution Space e-Track
HIGH IMPACT INDIVIDUALS & SCALE-UPS
e-track is searching for high-impact scale-ups that are innovation-driven and have solutions that are relevant to the African market and have global potential.
INDIVIDUALS & TEAMS
e-track is seeking for both people and teams who can make a big difference. Individuals can either develop their own business ideas or join an existing business.
MAKE A MVP/PROTOTYPE
Most scale-ups start with a business plan, an early version of a product, and a small team of people. They’ve built a functional prototype with a basic feature set and are ready to do early-market testing to confirm product and market fit.
TRACTION & OPPORTUNITY
The first concept formulation indicates a thorough awareness of the problem as well as the market demand or opportunity. The proposal must have developed beyond concept, and evidence of early market testing, customers, revenues, patents, or intellectual property filings must be shown.
Benefits Of UCT GSB Solution Space e-Track
AYOBA INDUSTRY PARTNERSHIP
ayoba is a free texting app and other services created by Africans for Africans. Startups that are chosen to advance to the Venture Exploitation phase will receive technical assistance and mentorship from industry professionals to help them accelerate their business.
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Learning-by-doing is a method used by e-track. Scale-ups learn the essentials of running a business through workshops and clinics. Scale-ups put what they’ve learned into practice by implementing the session’s practical outcomes.
Access to pro bono partners and a network of experts with specialized knowledge, such as legal, human resources, digital user experience, and venture capital.
SUGGESTIONS & FEEDBACK
Our team, as well as a network of experienced mentors and industry partners, provide vital feedback and support to scale-ups. The UCT GSB Solution Space’s network of GSB alumni and corporate partners is also available to teams.
COLLABORATION AND COMMUNITY
We are dedicated to fostering a thriving entrepreneurial community and provide a calendar of monthly events aimed at broadening a team’s knowledge and expanding their network. Through our co-working environment and regular office hours, we prioritize peer learning and mentoring.
How does it work?
1. ONLINE APPLICATION
Individuals and scale-ups must apply online before the e-Track Program’s initial start date.
2. PRE-SELECTION: PROGRAM FOR VENTURE LAUNCH IN 5 WEEKS
The UCT GSB Solution Space team evaluates the submissions, and the Venture Launch Programme is completed by the top scale-ups and people. The 5-week training and preparation program is designed to confirm the venture opportunity and team.
3. PROGRAM FOR VENTURE EXPLOITATION FOR 12 WEEKS
The top ten scale-ups are chosen to participate in the Venture Exploitation Programme, a 12-week program designed to help them accelerate the growth of their business. This is accomplished by a high-touch scale-up procedure aimed at concretizing the product and ensuring client acceptance.
4. PROGRAM FOR VENTURE SCALING
The program’s final phase attempts to scale the endeavor across partner markets and beyond. Investors, the partner, and topic experts such as a legal team, a tech team, and a business development team all help to speed up the process. Throughout partner markets/opcos, entrepreneurs connect with investors, partners, and market specialists.
For more information:
Visit the Official Webpage of the UCT GSB Solution Space e-Track Programme 2022
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