Cape Town - The City of Cape Town’s social development and early childhood development directorate is turning its attention to would-be entrepreneurs in its latest youth development initiative.
The #YouthStartCT Entrepreneurial Challenge 2016 is an accelerator programme for start-up entrepreneurs who have viable business ideas that will also create jobs. The City is partnering with the Seed Academy to offer business skills development, mentoring, and cash incentives to the top performers in the challenge. This forms part of a broader strategy to address issues of unemployment, inequality and poverty.
"We talk often about job creation, but an integral part of that process is empowering potential employers who can contribute to our job creation efforts. It’s one thing to create a job opportunity for an individual, but it is far more beneficial to equip an individual who has a hunger and desire to own their own business with the skills to make that dream a reality and put them in a position to create job opportunities for dozens if not hundreds of others,’ said the City’s Mayoral Committee Member for social development and early childhood development, Councillor Suzette Little.
The #YouthStartCT challenge is open to residents of Cape Town aged 18 to 35. After the closing date for applications, the Seed Academy will assess the submissions and select the top 100 entries. This group will participate in a 10-week mentoring and training course, after which the group will be whittled down to the top 50, top 10 and then the top three.
The overall winner at the end of the competition will receive prizes and support in the implementation of their business idea. The City will also devise a strategy to help further the ideas and plans of each of the top 100 participants.