Byte Orbit has launched it’s annual startup competition, Startup Knight, for the third time and the 2014 event is set to be bigger and better than ever with more prizes, more time to enter and a more structured entry process.
Startup Knight aims to empower aspiring tech entrepreneurs and visionaries in South Africa. The competition is divided into two phases, namely the Startup Phase and the Concept Phase. The Startup phase requires that the entrants already have a working prototype or a product that is in the market.
The concept phase on the other hand requires that entrants have and innovative idea that has commercial viability or the ability to attract high volumes of users. The entrants for the concept phase are required to demonstrate research into the concept as well as offer a go to market plan and revenue model.
The theme for Startup Knight 2014 is “Technology That Enables”. Byte Orbit elaborates on the Theme as concepts and start-ups that are focused on innovations that enable SMEs to operate more efficiently, more competitively or achieve scalability. Think FreshBooks, DropBox, Salesforce, Linode, MailChimp.
The grand prize for the Startup division consists of software development to the value of R150 000 as well as R100 000 in PR. This year Startup Knight is adding a runner up prize of R50, 000 in the Startup division that will go towards PR or software development.
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