The FSAT Labs Challenge

You have a digital innovation project? You need support to turn it into a sustainable business? Apply to our challenge and stand a chance to join our incubation programme!

Time Remaining : 23 days

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BRIEF

 

FSATLABS is looking for new entrepreneurs to join its 4th cohort of startups in digital innovation

Our primary goal is to transform ideas and projects into sustainable businesses, able to grow internationally from their incubation (6 months) to their acceleration (up to 24 months). Our team works to give you all the skills and material necessary to build your success : A unique French & South African entrepreneurs network / A personalized expertise offering mentoring and coaching, boot camps, trainings and workshops / Easy access to partners, experts and investors / MVP development by in-house developers /Seed Funding 

 

 

THE MISSION

 

1/Have a digital innovation project

2/Apply online by filling in the application form available on http://fsatlabs.co.za/apply-now/

before November 8th, 2018

3/Build a Pitch Deck (8 slides max) and get ready to come to Cape Town! Short-listed will only be announced on Nov 12th!

4/Send your Pitch Deck and a written confirmation that you’ve filled the application form at contact@fsatlabs.co.za

5/Pitching Competition for short-listed at AfricArena2018 on Nov 16th : 3 min Pitch + 2 min Q&A

 

 

WHAT WE EXPECT

 

7 key success factors!

We expect your solution to :

-Be an early stage digital project: apps, web-based service, SaaS, etc.

-Be a perfect product-market fit

-Be driven by a skillful team

-Be an innovative idea with a differentiating factor

-Have potential for expansion

-Have the ability to generate revenue & create jobs

-Be created with Passion

 

Winners will join FSATLABS Season 4 from January 2019 for a free 6-month incubation.

 

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SELECTION CRITERIA

 

-Early stage digital project

-Product-market Fit

-Team relevance and pitching skills

-Innovative idea with clear differentiating factor

-Potential for expansion

-Ability to generate revenue & create jobs

-Passion

-Project team based in Cape Town

-Full-time dedication on building the project

About FSATLABS

The French South African Tech Labs (FSATLABS) is a digital tech incubator and accelerator based in Century City (Cape Town). We work with French and South African tech start-ups who desire to become powerful changemakers.  Based on the partnership between Seda (Small Enterprise Development Agency), Methys and TIA (Technology Innovation Agency), FSATLABS is a non-profit organization who supports each incubated project with an agile team that delivers customized services to streamline South African market entry, rapid expansion and operational success based on Lean Startup and Design Thinking methodologies.  We empower entrepreneurs with a special focus on previously disadvantaged entrepreneurs and connect them to our local network as well as to the international French Tech ecosystem. 

Selection Criteria

GEOGRAPHIC AREA

For this challenge we will consider only:

Project team based in Cape Town

MATURITY CRITERIA

Early stage digital project

Do you meet the criteria?