The Student Business Plan Competition Prizes
Prizes for the top three entrepreneurial students / student teams:
Phase 1: Institutional Phase Prizes
1st Prize: R 50 000
2nd Prize: R 30 000
3rd Prize: R 20 000
* Prize money to be used at sole discretion of the student(s)
Phase 2: National Phase Prizes
1st Prize: R 300 000
2nd Prize: R 200 000
3rd Prize: R 150 000
75% of the prize money is to be used by the student(s) for commercialisation of the business plan and the remaining 25% to be allocated to the relevant department(s). Should it prove impossible to commercialise the business plan, any surplus of the amounts allocated to commercialisation activities, must be paid into a bursary fund to be set up by the HEI to support historically disadvantaged students registered for science or engineering degrees at the Institution. The HEI shall provide the IF with a report on the establishment and allocation of funds from the bursary fund.
Best Exhibition Prize (R10 000)
Attendees viewing the competition's student exhibitions will vote for their best display on the day. The prize money shall be utilised at the sole discretion of the winning student exhibitor.
International Travel - The best business plan will receive up to a maximum of R100 000 to cover costs for possible travel to participate in an international business plan competition to present their winning business plan. Where this is not applicable, the prize money is to be spent participating in a relevant international conference in line with their professional line of study. The winning team should note that the R100 000 is the upper limit of the budget, thus the IF will only release money required to cover the budgeted travel and associated costs.