Rules

Entries

  • ​Call for entries open on the dates indicated on the website.
  • Submit your technology or technology startup online.
  • Entries must be at “proof of concept” or prototype stage or must have demonstrated commercial feasibility. 
  • NO ideas will be considered.
  • Existing startups that need support for further growth are encouraged to apply. 
  • Entry closing dates are indicated on the website.

Scope of Entries

  • Entries will be accepted for technologies from the following focus sectors:

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

  • Entries must demonstrate innovation in the business model, underlying technology, or the application of the technology.

  • Entries must demonstrate a need in the market for the relevant technology.

  • Entries must be at “proof of concept” or prototype stage or must have demonstrated commercial feasibility.

  • Preference may be given to start-ups with demonstrated commercial feasibility.

  • No entries at “idea” stage will be accepted.

Eligibility

  • Applications are open to individuals, small teams and business entities from University of Pretoria or Gordon Institute of Business students, alumni and academic staff as well as partner network applicants and referrals.

  • Entrants are not required to be formally registered as a legal business entity to enter the competition, but successful entrants must commit to register in a business form appropriate to an SMME to participate in incubation. Winners will also have to obtain a Tax Clearance Certificate. TuksNovation will provide guidance in this regard.

  • Should they be accepted into the programme, entrants must be willing able commit to participate in the TuksNovation Virtual Incubation or Acceleration Programmes and must sign an Incubation Agreement with TuksNovation.

  • Preference may be given to start-ups with demonstrated commercial feasibility. 

Adjudication Criteria

All invited entrants will be primarily adjudicated by an adjudication panel consisting of industry expects, technical specialists and entrepreneurs. Entries will be judged based on the following pillars:

The Solution

  • Originality / Creativity / Innovation – Novelty and innovation in the problem that the solutions solves and/or how the problem is solved

  • Design – Design of the proposed solution

  • Feasibility – Feasibility and time frames to develop the proposed technology

The Business

  • Business Model – Business model or concept and activities needed to deliver the solution

  • Market – 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 of the business

  • Team – Key roles and team members in the business

The Pitch

  • Quality and the impact of the pitch

Value Add and Strategic Fit

  • Value that TuksNovation will add and strategic fit with TuksNovation and its partners’ objectives

Acceptance into Programmes

  • Successful entrants will receive access to the Virtual Incubation or Acceleration Programme once an incubation agreement has been signed with TuksNovation NPC.

  • The incubation and acceleration agreement will require that winners participate in certain incubation and acceleration activities such as engaging with business mentor(s) and attending relevant courses.

  • Entry into the Virtual Incubation and Acceleration Programme and the award of a prize does not imply that your solution will be procured by any of TuksNovation’s stakeholders or partners and does not guarantee market uptake of your solution.

Intellectual Property

  • All background intellectual property (IP) 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 start of engagements with TuksNovation.
  • Each entrant is responsible for ensuring that their entry does not infringe on third-party intellectual property rights.
  • Each entrant 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 and will not share your information with third parties.
  • All adjudication panel members and mentors sign non-disclosure agreements (NDA) preventing them from using or sharing any information related to your entry.
  • As a potential entrant to the competition 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://nipmo.dst.gov.za/. TuksNovation will assist prize winners in complying with the Act.

General

  • Situations not covered by these rules and the adjudication criteria will be resolved by TuksNovation, and their decision will be final.

  • TuksNovation reserve the right to amend these rules without notice, 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 TuksNovation 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 competition process.