Fortress Reit Limited partnered with 22 on Sloane to fund the next wave of emerging entrepreneurs across South Africa.
Since 2018, start-up residents at the 2 on sloane campus have relished the opportunity to engage with various in-house support teams, build and polish their products, network and access various markets. Of the initial 87 selected, 67 remain, boasting combined revenue of more than $7 million (R98m) and employing around 250 staff.
Twenty-five of the current 67 residents from diverse economic sectors were selected to receive a seed grant of up to R50,000 ($3,600) each from Fortress REIT Limited. They received this grant during the much-anticipated Global Entrepreneurship Week (GEW), that took place from the 12 to 18 November 2018.
Those companies include AI-based car buying platform Autoadviser, fintech company Khamzimla IT Solutions, big data service Anylytical Technologies, health service BMC Firm, aviation startup Ndiza, art programme provider LukArts, broadcasting company Prime Time Studios, food manufacturer Magumuza Foods, labelling company Dlloyd Creative Enterprise, and manufacturing companies African Make and Phola Table.
Engineering company Thaga, ICT support firm Galatica, news site BizNiz Africa, food and beverage company Sweet Gift Catering, agro-processing company Rejanala Farms, education firm Matoyana Consulting, food and beverage company Matoyana Consulting, signage solutions firm Matoyana Consulting, agri-business Setsumi Agency and Trading Enterprises, manufacturing company Ditsogo Projects, drone startup Aero 247, recruitment platform Employ Me, manufacturing company Arnot Ash and legal tech platform Maphosa Attorneys complete the list.
“This is just the start. We hope to drive change and support more emerging businesses and the youth in their quest to grow. We look forward to a long and sustainable partnership with 22 on Sloane,” said Jodie Ellinor-Dreyer from Fortress REIT.
For the 2019 residency programme, startups in the following sectors are encouraged to apply: agriculture/agro-processing, e-commerce, edu-tech, fin-tech, gaming, health, renewable energy, robotics, transport and manufacturing.