What are the 50K prizes?

We are proud to present that we have a cash prize fund of 50,000 which will divided among our three most promising entrants at the end of the year. A first prize of 30,000 will be awarded to the most promising company as judged by our panel of experienced judges. In addition two prizes of 10,000 each will be awarded to the runners up.

As prizes won in the 50K competition must be used to set up a company, the prize money is distributed in two parts. The first half is distributed to the company upon incorporation. The second half is distributed pending approval from status review with Competition judges. Money will only be deposited in bank accounts.