R750000 for a great idea

Xolile Bhengu

Xolile Bhengu

Entrepreneurs who think their business ideas are good enough to collect awards are being given an extension to submit their entries for the South African Breweries (SAB) KickStart Awards.

The deadline for entries has been extended from May 31 to June 18 to allow for youths aged between 18 and 35 to enter.

The programme, which is in its 13th year and is aimed at poverty alleviation among previously disadvantaged youths, comprises a share of R2,6million worth of grants, mentorship and training.

Since inception the KickStart programme has helped almost 22700 existing and budding entrepreneurs, and launched 3200 businesses, said SAB.

SAB enterprise development manager Chris Meyiwa said the programme gave entrepreneurs a solid foundation on which to build their businesses.

"The programme delivers first class results year after year, and makes a tangible difference to the lives of thousands of people all over South Africa, from the entrepreneurs themselves to the people they employ and the customers they serve," said Meyiwa.

A total of 15 to 20 qualifying candidates will attend a 14 day business skills training course, and after the course the entrants will be given a month to prepare a business plan, which will be submitted to a panel of judges.

The judges will then select four of the best ideas and give kick start grants ranging from R10000 to R100000 to the entrepreneurs.

At the final national leg of the competition three winners will be picked, and will stand a chance of winning R750000 in prize money, with the top six winners also qualifying for an additional three months of business mentorship.

For entry forms and queries visit www.sabkickstart.co.za, or call (011) 881 8417.