LaunchLab is an initiative to help boost student businesses across South Africa by giving them access to market resources.
The Stellenbosch-based project facilitates funding and other opportunities between young entrepreneurs and industries through their bi-annual Ideas Challenges.
LaunchLab CEO Philip Marais explains that students pitch their ideas and solution to business partners that have created briefs and challenges for them to solve.
The LaunchLab is accessible from most university campuses across the country and successful candidates can win their share of seed-funding and incubation support from Launchlab.
We source ideas from this bunch of innovative entrepreneurs on campuses all over the country, then we filter and select the best ones that we incubate on behalf of our partners.— Philip Marais, LaunchLab CEO
Some of their business partners include Nebank, Fintech, Santam and Atterbury Property, says Marais.
He has called on all aspiring entrepreneurs to enter the challenges and submit their concepts.
Listen to the full conversation from CapeTalk's Breakfast with Kieno Kammies: