ENTREPRENEURSHIP.: Get In The Ring - GoMetro announced as Winner in Cape Town
Recent Western Cape Business News
The so-called ‘Olympics’ for start-ups, Get in the Ring: The Investment Battle hit South African shores for the very first time this year with 100’s of budding entrepreneurs in South Africa entering the inaugural event in the hope of competing for an amount of up to R15 000 000 globally.
The Get in the Ring – South Africa challenge was aimed at start-up business owners and budding entrepreneurs and represents a global podium to raise investment capital for their company. Originally initiated by the Erasmus Centre for Entrepreneurship (Rotterdam) in 2009, the GITR concept brings together promising entrepreneurs, investors, customers and potential business partners. In addition to connecting start-ups, GITR inspires younger generations to start their own entrepreneurial ventures. The GITR concept has set in motion a global entrepreneurial movement and is currently the largest investment competition in the world.
GITR– South Africa saw 8 of the most promising Cape Townian start-ups competing, during the battle each of the 8 startups were paired, two contestants faceing-off through 5 rounds with different pitching topics: starting with who is part of their “Team”, secondly the company “Achievements” come into play, thirdly the “Business Model & Market” giving investors a look into the companies dynamics, fourthly the focus shifted to “Financials & Investment Proposition” and lastly they had to wow the judges in a “Freestyle pitch” where the contestants had their last few words to impress and validate why they should be the winners.
In first place winning a full expenses paid trip to Rwanda on 18th September to represent Cape Town in the regional “Get in the Ring Finals”
Company Name: Go Metro
Biography: Go Metro is a data-driven transit app for City Transport that contextualizes schedules and real-time data with crowd sourced updates from users in the system. GoMetro is a social network for transit users - improving the customer experience of moving around in a city through a mobile-centred, location-aware service - for trains, buses and and BRT. The app connects users to transport operators for effective pinpoint communication of developments during operations. The app is free to users, with transport modes paying a license for advanced features.
In second place: winning the over all audience participation vote by Quiro and The Daddy Group.
Company Name: Wumdrop
Biography: An On Demand Courier application that summons a courier at the click of a button.
In third place: winning a mid-week stay by The Daddy Group.
Company Name: NerveData
Biography: Nervedata installs smart devices into company operations to collect and provide clean operational data. This helps companies make better decisions and strengthen the return on physical and human assets. Our team of experienced technologists have specific experience in specialist measuring devices, firmware, data communications over mobile networks, database management and displaying data in a way that adds value to a business. It is the 'Internet of Things" for business.
In fouth place: winning mentorship from U-Start and a mid-week stay by The Daddy Group.
Company Name: Daptio
Biography: We build a mobile first Adaptive learning assessment platform that builds a knowledge profile as a learner works through a course and feeds them relevant content that is at their level of proficiency. We are content agnostic and have various partners that are running pilots in schools, universities and corporates.
“There is a trend towards pitching competitions at the moment and the uniqueness about “Get in The Ring” is the competitiveness and freestyle nature that allows startups the opportunity to showcase their startup, nationally, regionally and globally. With an amount of R15 000 000 in possible investment is a large pricetag that is attractive to any startup that wants to scale” quote Nicholas Haralambous founder of NicSocks.com.
“The event had great quality startups with excellent presenters, and had a rapid punchy format which got the audience into their headspace fast and held my attenion through out. quoted by Justin Stanford from 4Di Capital and founder of Silicon Cape.
A world class judging panel was made up by Rob Stokes from Quirk Agency, Pieter de Villiers from Clickatell, Fredell Jacobs from Innovation Hub, Aparajuta Agrawal from SankalpForum and Ian Anderson from Blue Pencil. The judges had a tough job on deciding the winners but in the end they chose Go Metro based on their scalability and business model.
Additional prizes were sponsored by Daddy.O, The Daddy’s World Group, websites by MyVigo, Euphoria, SAB Kickstart, U-Start, Quirk, Pick ‘n Pay Tokai and The Social Post.
Go Metro from Cape Town will be joined by Epochip who was the winner from Johannesburg’s Get in the Ring event held on the 16th July. Epochip would like to develop a long range wireless charging for mobile devices. The harness radio waves and convert them into electrical energy to charge cellphones and tablets.
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