SA entrepreneurs ready to Get In The Ring
The ‘Olympics for entrepreneurs’ is back on South African soil! Are you ready to Get In The Ring?
The Get in the Ring (GITR) Startup Competition is a global platform for entrepreneurs to gain knowledge, network, meet investors and potentially raise capital. More than 64 countries will be taking part in the 2015 rendition of the competition - including South Africa. The South African rendition of this global competition will be hosted by the South African Organising Team – comprising of the bHive Enterprise Development Centre (bhive EDC) on the Vaal Triangle Campus of the North-West University (NWU Vaal) in Vanderbijlpark, the Innovation Hub in Pretoria and Real Succes.net – a leading online entrepreneurship magazine.
This year will see several institutions of higher learning heed the call of entrepreneurship by hosting so-called City Finals for entrepreneurs to enter the competition. These City Finals will be hosted in Johannesburg, Durban, Bloemfontein, Vanderbijlpark and Cape Town. Entrepreneurs can enter in three categories – or symbolic weight divisions to stay true to the sporting feel of the event, namely:
Specific focus is put on students with start-up businesses.
Entrepreneurs with an existing business venture with a track record of 1 – 3 years
Entrepreneurs with an existing business venture with a proven track record of 3 – 8 years
Local City Finals will be held to identify the top 100 participants. The top 100 participants will then be invited to the South African semi-finals in October. This two-day event will take place at the Innovation Hub in Pretoria and will take the form of a creative and informative seminar as well as a pitching event (also referred to as a “ringside battle”). During the course of the semi-finals, participants will be evaluated by means of various tasks and challenges and based on the outcome of these tasks and challenges the top 8 participants will be announced. These 8 participants will take to the ring for a “pitching battle” on the second day in front of an audience of approximately 300 guests.
In November the entrepreneurial challenge will see the Southern Regionals take place in Malawi, Namibia, Zimbabwe, Angola, Madagascar and the Democratic Republic of Congo (DRC). The top 3 participants of the Southern Regionals will join their South African counterparts in November for the final stage of Get In The Ring: Southern Africa. The final will again take the form of a two-day event with the first day devoted to a seminar and the second day to a pitching battle. The winners of this event will join entrepreneurs from around the world during the Get In The Ring: The Investment Battle in January 2016. This much-anticipated event will be hosted in Columbia in the USA.
More about the Get In The Ring concept
Get in the Ring is a non-profit event concept, initiated by the Erasmus Centre for Entrepreneurship to bring the most promising entrepreneurs from around the world in contact with investors and to inspire visitors to start their entrepreneurial journey.
This ultimate startup battle was first introduced to South Africa in 2014. Justin Coetzee from GoMetro was the first South African entrepreneur to ‘knock out’ opponents and attend the International Final in Rotterdam.