FRANCE-SOUTH AFRICA
CROSS-ACCELERATION
EXCHANGE PROGRAMME 2021

WE ARE A PROUD PARTNER OF THE FRANCE-SOUTH AFRICA
CROSS-ACCELERATION EXCHANGE PROGRAMME THAT WILL
BENEFIT SMALL BUSINESSES

The technology business incubator TuksNovation at the University of Pretoria (UP) has partnered with the Institut Mines-Télécom (IMT) a public institution dedicated to higher education, research and innovation in engineering and digital technology, and their business incubators in a Cross Acceleration Exchange Programme.

This Programme between South Africa and France will offer technology start-ups the opportunity to test and validate their business models and solutions in a foreign market and facilitate access to these markets and build partnerships. The collaboration is made possible by an agreement between the two universities and the Attaché for Innovation at the Embassy of France in South Africa, through the promotion of the development of technology start-ups by providing financial assistance allocated by the Service de Coopération et d’Action Culturelle for the implementation of this project.

Programme Outline

1.

PREPARATION

2.

EXCHANGE

3.

IN-COUNTRY SUPPORT

1. PREPARATION

MONTH 1: Preparation for spending two months in France

  • Virtual acceleration at TuksNovation.
  • Critical Gap Analysis of technology and business model.
  • Identify possible French businesses and start-up networks and develop an access to market strategy.
  • Schedule engagements with potential partners, customers and local entrepreneurs.
  • Create an action plan with arranged engagements for the two months in France.

2. EXCHANGE

MONTH 2 AND 3: Travel to France

Virtual acceleration at one of the incubators of IMT group to better understand the local context (socioeconomic, legal, business environment etc).

Business model validation through the lean start-up method for the start-up to validate and tweak/apply their business models and innovations accordingly in order to achieve product-market fit and get access to markets.

Execute access to market strategy with assistance of one of the IMT Group incubator to engage with the identified French partners,customers and entrepreneurs.

3. IN-COUNTRY SUPPORT

MONTH 4 AND 5: Return to South Africa

  • Virtual acceleration at TuksNovation.
  • Develop a go-to-market strategy.
  • Develop a fund-raising strategy though using existing mechanisms and programmes.

Programme costs

The following costs are to be covered: One representative of the company for the 2 months to be incubated in France, and to gain access to European markets.

Includes

  • Accomodation
  • Flights to and from South Africa and France
  • Incubation program fees
  • An entrepreneur stipend
  • Marketing for the start-up to potential customers

Excludes

  • Meals and drinks
  • Local transport fees

SCOPE OF ENTRIES

  • The start-ups must be a technology start-up company from the University of Pretoria or an incubatee at TuksNovation.
  • Entries must be a registered company with a Tax Clearance pin. NO entries at “idea” stage will be accepted.
  • Entries will be accepted for technologies from companies which demonstrate innovation in the business model, underlying technology, or the application of the technology.
  • Entries must demonstrate a need in a specific market for the relevant technology through user or customer validation or preliminary market research.
  • A demonstrated commercial feasibility and a need for access to French markets could be beneficial for the applicant.

Eligibility

The Exchange Programme is open to registered companies spun out from the University of Pretoria and GIBS students, academic staff as well as alumni and incubatees from TuksNovation.

Technologies of interest should preferably be from 4IRfocus sectors such as:

  • Artificial Intelligence
  • Smart Cities
  • FinTech & InsureTech
  • EdTech
  • BioTech
  • Big Data  
  • Data Analytics
  • Information Security
  • Connectivity
  •  eCommerce
  • AgriTech & FoodTech
  • IoT
  • Blockchain
  • Additive & Advanced Manufacturing
  • CleanTech

Adjudication Criteria

All applicants will be adjudicated by an expert adjudication panel based on the following criteria:

The Pitch : 10 min narrated Video presentation with a slide deck providing the following information:

1. PROBLEM STATEMENT

A concise description of the problem.

  • Who is experiencing the problem?
  • What pain point needs to be relieved?
  • In what context does the user experiences the problem?
  • What value does it bring to the user and/or client?
  • What value does it bring to the business?

2. THE TECHNOLOGY

  • Innovation: Novelty and innovation of the solution in the problem
    that it solves and how the problem is solved.
  • Design: The design of the proposed solution.
  • Feasibility: Feasibility and time frames to develop and commercialise
    the proposed technology.

3. THE BUSINESS

  • Business Model: Business model or concept and the resources and activities needed to deliver the solution.
  • Market: The market at which the solution will be aimed as well as competitors in this market.
  • Value Proposition: Relationship between the market and how their needs will be met, i.e. value created.
  • Financials: Revenue model and forecasts.
  • Team: Organogram, images, key roles and team member’s skills in the business.

4. VALUE ADD AND STRATEGIC FIT

What benefit will the business obtain from having access to French markets?

5. INTELLECTUAL PROPERTY

A summary explaining the status of their Intellectual Property rights.

Please note the following requirements:

Please note the following requirements:
All background Intellectual Property shall be deemed to vest in and remain the sole property of the Party that contributed same and/or disclosed same to the other Party, including background Intellectual Property in existence prior to the Effective Date and which is co-owned by the Parties.Each applicant is responsible for ensuring that their entry does not infringe on third-party intellectual property rights.Each applicant must hold the necessary rights to utilise any third-party intellectual property in the way proposed in their submission.TuksNovation and its partners are committed to ensuring the confidentiality of your ideas.As a potential applicant you should be aware of the provisions of the Intellectual Property Rights from Publicly Financed Research and Development Act 51 of 2008 (IPR Act) and the regulations thereto.

The IPR Act can be downloaded here: 
https://www.gov.za/documents/intellectual-property-rights-publicly-financed-research-and-development-act-regulations-1

TuksNovation will assist incubatees in complying with the Act.

gENERAL

  • Situations not covered by these adjudication criteria will be resolved by TuksNovation, and their decision will be final.
  • TuksNovation reserves the right to amend these rules, to clarify the application requirements or to cater for an unforeseen situation.
  • The adjudication criteria will serve only as a guideline and the decision taken by the judges will be final.
  • TuksNovation reserves the right to terminate the application of any candidate in the event that they put TuksNovation into disrepute while in the application process. 

PARTNERS IN THE INCUBATOR EXCHANGE PROGRAMME

APPLY

STEP  1:

TO APPLY, DOWNLOAD AND COMPLETE THE APPLICATION DOCUMENT.

STEP 2:

COMPLETE THE APPLICATION PROCESS BY FOLLOWING THE LINK TO THE FORM.

APPLICATION DEADLINE: CLOSED

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