DURBAN – Andza, a competition which aims to develop South Africa’s top entrepreneurs and fast-track them to success, will be open for entries until 19 July 2019.
Andza offers South Africa’s top start-ups the chance to be considered for R10 million in investment funding and acceleration. The winner of the accelerator will receive a cash prize of R250 000 while each of the two runners-up will receive R125 000.
The SA Innovation Summit, Africa’s biggest startup event, is hosting Andza in collaboration with the SA SME Fund.,
Andza said that the purpose of acceleration is to develop an existing business by providing support which can include training, mentorship, and other resources.
Andza is a XiTsonga word meaning to grow and multiply in great numbers which resonates with what the competition envisions for South African businesses.