Got an idea for a startup but not sure where to raise the money then look no further than the “Startup Knight” competition brought to you by Byte Orbit. Send in your ideas for a startup and you could win R100,000 worth of development time for your startup. I have no idea how much this is actually worth, they could charge R100,000 for an hour but I’ve heard that Byte Orbit are a decent bunch of guys and the judges are all pretty credible. Prizes include:
Microsoft will be providing software packages for the winning startup to run their business for 3 years as well as $60 000 worth of Azure Services. Bandwidth Barn will be providing office space for the duration of 6 months and Nokia has come on board as a product sponsor. In addition 8ta will be providing a 3G data modem loaded with their 60Gig + 60Gig offering. The grand prize will be sponsored by Byte Orbit and will consist of software development to the value of R100 000 and ongoing mentorship. Byte Orbit will take a small equity stake in the winning business and subsequently support them on an ongoing basis leveraging 9 years of industry experience to increase their ability to succeed.
You’ve got until the 25th of October to enter on www.byteorbit.com but bear in mind that Byte Orbit will take up to 15% of your idea if it’s successful. This isn’t everyone’s cup of tea but may not be unreasonable since they’re going to help you start your business.
I’m entering an idea for parenting gamification so good luck to all that enter!