Seed Engine, a tech accelerator which is a Redwood Capital initiative is on the search for disruptive tech ideas worth investing in.
Applications for the second Seed Engine Business Accelerator which is offering R100 000 each for up to ten tech business ideas are open online at www.seedengine.co.za
Seed Engine has received more than 300 applications for its first 13-week accelerator boot camp which is currently underway in Sandton, Johannesburg. At this boot camp, the selected teams, or start-ups rather, gain access to seed capital in exchange for equity, invtensive mentoring and coaching with a fixed calendar of events, Introduction to investors for possible further funding and international exposure.
“There’s been a dearth of tech start ups in South Africa, but we are turning this around by growing an integrated ecosystem which will contribute to job creation.” Said Marc Elias, CEO of Seed Engine.
With the next programme scheduled for June 2013, applicants are encouraged to clarify points of difference, scalability, disruptive strategies and team details when applying.