South African Future Trust Awards 2024 Competition : awards.southafricanfuturetrust.org

Organisation : South African Future Trust
Competition Name : South African Future Trust Awards 2024 Competition
Applicable For : South African citizens operating businesses registered with the Companies and Intellectual Property Commission.
Country : South Africa
Last Date : 31st May 2024
Website : https://awards.southafricanfuturetrust.org/

What is South African Future Trust Awards 2024?

South African Future Trust Awards 2024 Competition is administered by the South African Future Trust. The Competition is open to South African citizens operating businesses registered with the Companies and Intellectual Property Commission. To participate in the Competition, Participants must submit a document outlining a description of the business, and a video introducing the Participant and his/ her business. This competition runs from 22 November 2023. Participants must submit their Entries by 31 May 2024.

Related / Similar Award : FMR Fine Music Radio Bursary Trust Awards 2024

Eligibility of South African Future Trust Awards 2024

** The Competition is open to South African citizens operating businesses registered with the Companies and Intellectual Property Commission. (herein defined as “Participants”)
** For eligibility in the Youth category of the Competition, Participants are required to be aged under 35.
** For entry in the Women category of the Competition, the SAFT reserves the right to disqualify any Participant based on its sole discretion.
** Participants will be asked to certify the compliance of their entries with the Rules when entering the Competition, and SAFT reserves the right to verify the validity of information submitted, including but not limited to registration of the business.
** The Rules apply to both Participants and their businesses (where applicable). By entering the Competition, a participant is indicating his/her agreement to be bound by these Rules. The Participant will ensure that his/ her business agrees to be bound and to comply with these Rules.
** The Competition is open to ALL registered businesses operating in South Africa. Staff of the South Africa Future Trust, including Consultants, Interns, stakeholders and partners are not eligible to participate in the Competition.

How To Participate in the South African Future Trust Awards 2024?

To participate in the Competition, Participants must submit a document outlining a description of the business, and a video introducing the Participant and his/ her business. In addition to the category criteria specific specified for the to the respective categories below, the document must address the key risks that the Participant has taken to build the business, and how the business has innovated within a niche or separately identifiable market segment (herein defined as “Submissions”).

Category Specific Criteria:
a. Youth entrepreneur:
Applicants must be under 35 years old when they enter the competition. The Youth entrant must have a minimum of 50% share in the business.

B. Social Entrepreneur:
Applicants must specifically evidence how the business has provided solutions to social, cultural or environmental issues.

C. Tech Entrepreneur:
Applicants must specifically evidence how the business has commercialised emerging technologies.

D. Most Innovative Idea:
Applicants must specifically evidence how innovative methods, ideas or products have been employed in your business.

e. Woman in Business:
** Female-owned business with turnover less than R10M per annum.
** Must be operational for minimum 3 years.
** Sectors: Manufacturing, Healthcare, ICT, Construction, Agriculture.
** Must be able to demonstrate how business has made an impact (eg. Jobs created, climate, etc

Best implementation of the Summit playbook application:
** How have you applied learnings from the South Africa Future Trust Summit 2023 to make a material difference in your business?
** Applicants must have attended the Summit and be on our attendee list.

2.The Submissions are subject to the rules set out herein and must be accompanied with a full set of information as described herein (all together herein defined as an “Entry”) through the Competition online submission form. Entries must comply with the following Submission Rules:

3. Submissions must be created by and owned by the Participants and submitted in English.

4. Submissions shall not be longer than 20 pages, excluding documents provided as evidence supporting compliance with the Rules.

5. An Entry will only be accepted if it includes certified copies of the Participant’s identity document, business registration number, evidence of a bank account and a tax registration number.

6. Should you be successful in advancing to round 2, you must submit to us copies of valid audited financial statements, SARS tax clearance certificate, and the identity documents of all the directors of the business (where applicable.) Failure to submit any required document will result in disqualification.

7. The various categories and specific criteria applicable to each category are detailed in submission rules point 1 above. To the extent that any criterion in point 1 above contradicts any of the Rules, the Rules shall prevail.

Prizes of South African Future Trust Awards 2024

Winners in each category will receive prizes valued at R500,000, including R250,000 in cash and R250,000 worth of mentorship, hardware, and other business support.

What is the Last Date of South African Future Trust Awards 2024?

Last Date of South African Future Trust Awards 2024 Competition is 31st May 2024. An Entry is timely and will be accepted, only if actually received before this time. The time of transmittal will not be taken into account. The SA Future Trust reserves the right to extend the deadline.