Market Research Startup Wins

South African salesforce and market research startup iSpani has won ZAR2.5 million in grant funding after winning the Social Tech Startup Challenge run by the Diageo Empowerment Trust SA.

Anton Moulder, Managing PartnerPosted December 04, 2019 in News

South African salesforce and market research startup iSpani has won ZAR2.5 million in grant funding after winning the Social Tech Startup Challenge run by the Diageo Empowerment Trust SA.

The Diageo Empowerment Trust SA Social Tech Startup Challenge concluded last week with five tech-enabled startups pitching for a share of ZAR5 million (US$340,000) in seed funding.

iSpani made the strongest impression on the judges and received ZAR2.5 million (US$170,000), while bursary and scholarship platform Foonda took home ZAR2.1 million (US$143,000) for finishing second.

Home security start-up Jonga was awarded ZAR200,000 (US$14,000), while on-demand recruitment platform SkillShift and youth-focused sport talent platform BallTalent secured ZAR100,000 (US$7,000) each.

“Our central driving force in this challenge has been to stimulate meaningful, strategic growth and innovation in a key industry of our economy,” said Diageo SA Empowerment Trust general manager Sinethemba Mafanya.

“We strive to help pave the way for South Africa’s transition from a resource-based economy to a knowledge market that is truly part of the fourth industrial revolution. We were stunned at the quality of the innovations, as each one of the thousands of participants offered a unique solution to major social and economic challenges affecting millions of South Africans and the continent as a whole.”Pre-registration is now open for next year’s Social Tech Startup Challenge here.

This article first appeared on Disrupt-Africa, here.

Interested in learning more about the Social Tech Startup Challenge, or if you are looking to reach more customers that fall into this African 80%, book a session with us to discuss how we can help you deliver products and services for this new normal:

urbian.co.za/experienceurbian or

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Anton Moulder

Managing Partner at Urbian

Anton is managing partner of Urbian, a digital product studio where digital is used to better business, deliver new markets, and unlock new revenue streams. Described by his clients as a “strategic visionary”, Anton is obsessed with design thinking, disruptive business models, and how technology can make the world a better place for people and business.