On May 3, 2023, Regent Business School’s (RBS) Regent Enterprise Development Hub (redHUB) hosted the third annual Business Plan Pitch Competition for aspiring entrepreneurs enrolled in the Higher Certificate Entrepreneurship program. 10 students from RBS campuses in Johannesburg, Pretoria, Cape Town, and Durban gathered at the hybrid event to showcase their business ideas and strategies to a panel of industry leaders in youth and small business development which included representatives from Junior Achievement South Africa, the Small Enterprise Development Agency (SEDA) and RBS.
Aided by their PowerPoint presentations, presenters had 12-minutes to pitch their ideas. In the end, three ideas emerged as the judges’ choices, each receiving R30,000 from a pool of R150,000 in potential funding, while two presenters were asked to demonstrate proof of concept (POC) to help convince the judges of the potential for their ideas.
The winners of the Business Plan Pitch Competition are:
• Shepherds Foodlot, founded by friends Sbu Naapai and Kelvin Khumalo, a Pretoria based agri-business that focuses on livestock
• Sweet Sugar Stop, owned by Cape Town based Athraa Pastor whose business provides on-demand confectionery delivery
• Minos Treasury, a gamers’ merchandise service created by Sa’id Yasiem from Cape Town
The Business Plan Pitch Competition is one of redHUB’s three flagship events aimed at mainstreaming and nurturing the skills of aspiring entrepreneurs. The competition challenges students to present their business ideas in a clear and concise manner while demonstrating sustainability and innovation. Through the competition, redHUB aims to provide practical education, training, and mentorship opportunities for early-stage entrepreneurs, helping them to develop disruptive and innovative skills.
Commenting on the event, redHUB Manager, Hoosen Essof, said, “We’re thrilled to see such a high level of energy, passion and entrepreneurial spirit among our students. The Business Plan Pitch Competition provides a unique opportunity for our students to showcase their ideas and receive feedback from industry experts. We’re proud of all the participants and are excited to see where their entrepreneurial journeys take them.”
For more information about redHUB and the Business Plan Pitch Competition, https://redhub.regent.ac.za/business-plan-pitch-2023/
Become future ready by joining one of accredited MBAs, postgraduate qualifications, degrees, diplomas, or higher certificates! All 2023 students will receive a free Management Development Programme valued at R7000. T’s & C’s Apply.
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ABOUT REGENT BUSINESS SCHOOL:
REGENT is a Private Higher Education Institution with their headquarters located in the heart of the central business district and the industrial hub of Durban, with learning centres located in Durban, Cape Town, Johannesburg, Pretoria, East London and Eswatini (in Manzini and Mbabane).
RBS is deeply embedded as a premier private higher education provider in Africa which strives to deliver quality academic programmes that meet recognised academic standards to its students. It does this through ensuring that all REGENT’s programmes are developed internally by its professional team, in consultation with experts from business, and leading academics. The content of programmes is kept relevant and annually reviewed to ensure currency with South African law and International trends.
RBS has developed a series of programmes that are designed to provide individuals and organisations with the management competencies and critical skills necessary to build and sustain competitive advantages in a rapidly changing and complex business environment.
RBS’s expertise has evolved through continuous research and development undertaken in delivering a range of local and international business and management education programmes. REGENT is a proud member of the Honoris United University network.
Vision
To be a leading provider of entrepreneurial, business and management education and to develop business leaders through research and innovation.
Mission
To provide accessible, affordable, and quality entrepreneurial, business and management education, responsive to the critical needs of South Africa and the African continent within the context of a dynamic global environment.
About Honoris United Universities
Honoris United Universities is the first and largest pan-African private higher education network committed to transforming lives through relevant education for lifetime success. Collaborative intelligence, cultural agility and mobile mind-sets are at the heart of the Honoris approach to educate the next generation of leaders and professionals able to impact regionally in a globalized world. Honoris combines the expertise of its member institutions to develop world-class African human talent that is competitive in today’s fast-paced, demanding and increasingly digitized labour and start-up markets.
Honoris comprises a community of 61,000 students on 70 campuses, learning centres and via on-line, in 10 African countries and 32 cities. The network is formed of 15 institutions: multidisciplinary universities, specialized schools, technical and vocational institutes, contact, distance, and online institutions. Students have an opportunity to experience exclusive partnerships and exchange programs in more than 190 universities across Europe, the United States and Asia. Over 420 degrees are offered in Medicine, Health Sciences, Engineering, IT, Business, Law, Architecture, Creative Arts, Fashion and Design, Media, Political Science and Education.
Honoris United Universities. Education for Impact. www.honoris.net
Honoris United Universities. Education for Impact. www.honoris.net
