Big bucks for Iriya
11 August 2019 | Education
The NICW/FemBioBiz III Acceleration Programme launched the in April this year, is aimed at supporting female-owned businesses in agri-food, nutrition, health, ICT/tech, waste (upcycling), cosmetics and better agriculture services.
At the same time the aim is to create a network of women entrepreneurs in the SADC region to develop leadership, technological and business skills in female-owned businesses as well as to support deal-making and business acceleration in these sectors.
At the launch of Season 3, 219 applications were received, of which 66 were selected to participate in Phase 1 training.
A total of 46 attended this training which consisted of the business model canvas and pitch training. After Phase 1, 32 participants were selected to proceed to Phase 2 which was divided into Bootcamp 1 & 2.
Bootcamp 1 training was held at the end of June and focused on business strategy, marketing and financial training as well as pitch preparation and exercises.
The Bootcamp 2 training held last month, focused on areas such as negotiation skills, dealing with nerves, agro-processing food safety and standards as well as pitching.
A one-day pitch competition took place on 31 July after Bootcamp 2 to select the national winners. Except for Jona, other winners are Leya Elago of Genetix Metazoa TM (N$60 000), Paulina Alfeus of Power Six Investment CC (N$40 000), Export readiness support for Loide Amadhila of Chrisla Essentials Cosmetics CC, and N$20 000 for Aletha Afrikaner of EarthChild Creations CC.
The prizes for national winners are sponsored by GIZ on behalf of the German government.
The top four national winners will possibly represent Namibia at the regional pitching competition event during the Annual Southern Africa Innovation Forum (ASAIF) on 18 September 2019 in Gaborone, Botswana.
Thereafter, regional winners will be selected to compete at Europe's biggest Start-up Festival, SLUSH, in Finland on 21 and 22 November 2019.