The highly anticipated Chivas Venture 2019 – a global competition that gives away a share of $1 million in funding to the hottest social start-ups from around the world – is open for entries and we believe you have what it takes to be the next South African trailblazer. Applications close on 31 October 2018.
The Chivas Venture provides a global platform for innovative for-profit enterprises that are using business to solve social and environmental problems by demonstrating how success is a blend of profit and purpose.
Radley Connor, Marketing Manager for Chivas Regal SA says, “The competition is an amazing platform for South African social entrepreneurs to attract investment and gain global exposure. The competition rewards and celebrates individuals whose purpose is to make a positive difference in society. If you have a great idea that meets the requirements, we encourage you to enter.”
Applicants will compete in the South African heats. Apart from the media exposure received, the 2019 winner travel to the United Kingdom to take part in an intensive training program to hone their business and pitching skills.
The previous winners are testament to the success followed by winning the local stages of the competition.
- In 2017, innovative South African water company I-Drop Water placed third in the global finals, walking away with close to R1 million in no-strings funding. Since winning, co-founder James Steere grew his business and gained investments due to the exposure received through the competition.
- Clement Mokoenene is the 2018 South African winner and creator of the Vehicle Energy Harvesting System (VEHS). His business is able to generate electricity at a much lower, affordable cost than coal-fired power stations which South Africa currently relies on. The system works by installing an overlay on the existing road to extract the pressure and transferring it to the side of the road, similar to a wind turbine. Mokoenene says a 2km highway stretch could potentially generate enough electricity to supply an entire city in South Africa.
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