The creative sector in Zimbabwe continues to grow, defying the Covid-19 pandemic and other challenges. Young people are building innovative start-ups on digital platforms creating value and making an impact. However, despite these great efforts, some of the projects lack proper incubation, resources and funding. Last year Eight2Five Innovation Hub, powered by Old Mutual in partnership with British Council, responded to this need by launching the first edition of the Value Creation Challenge (VCC).
by Mukudzei Nyamhamba
Eight2Five Innovation Hub powered by Old Mutual in partnership with British Council recently announced the second edition of the VCC with the aim to support businesses that provide innovative and sustainable solutions to Zimbabwe’s socio-economic and environment challenges.
Digital Content Creation is among the five key pillars of this year’s Value Creation Challenge and this is great evidence of a shift in the economic tide. It is targeting digital storytellers or digital influencers who have taken further a passion and made it into a business or start-up. Particular focus is on stories or narratives in the areas of Literature, Music, Lifestyle and Fashion.
Particular focus is on stories or narratives in the areas of Literature, Music, Lifestyle and Fashion.
It is open to both consumer facing and enterprise facing startups, who can demonstrate early traction, sustainable sales and have high potential for growth. It is important to note that VCC is NOT targeting Survival Entrepreneurship businesses.
Phase 2 of the VCC which will be launched tomorrow, Friday the 14th of May 2021, providing an opportunity for creative startups in the digital arena to grow beyond their wildest dreams. Applications will open on the same day for six weeks and shortlisted candidates will be invited to participate in a training boot camp which will be followed by a pitch event. At least 4 (four) businesses will be chosen to participate in an Accelerator Program which will run for 3 (three months). These four businesses will stand a chance to get up to USD 25 000 in seed capital. Young female entrepreneurs are encouraged to apply.
To stay updated on the developments of this opportunity, please follow Eight2Five Innovation Hub across all social media platforms.