Invest Cape Town and The Business Hub, initiatives of the City of Cape Town, in partnership with GreenCape, invited innovators and entrepreneurs with economically viable green economy innovation business ideas to enter the Invest Cape Town | Business Hub GreenPitch Challenge 2021.
From close to 40 excellent nationwide entries, the following innovations have been announced as the Top 10:
- Eco-V GreenTower
- Hyena Power Pack
- Kudoti Recycling
- SOG Water Solutions
- The Compost Kitchen
- Ubuhlebezwe Waste Solutions
- Zerho Waterless Toilet
The Top 10 will now pitch to a panel of expert judges at a virtual event, hosted on 10 February 2021. They will have the opportunity to interact with potential investors, business incubators, local government decision-makers and green economy experts. The judging panel is made up of local and international investment and innovation experts representing the City of Cape Town, Western Cape Department of Economic Development and Tourism, SAREBI, EdgeGrowth, PwC and the Solar Impulse Foundation.
“The green economy has massive potential to attract investment that leads to job creation. This is why the City is proud to partner with and, through my Enterprise and Investment Department, fund GreenCape. Sustainability innovation reflects the next generation of economic development thinking,” said Alderman James Vos, Mayoral Committee member for Economic Opportunities and Asset Management.
“It combines environmentalism’s protection of natural systems with the notion of business innovation while delivering essential goods and services that serve the social and economic goals of the City of Cape Town. Key to the City’s Draft Inclusive Economic Growth Strategy post the COVID-19 is to empower businesses and communities to innovate and take action to grow the green economy and thereby, creating jobs,” he added.
The entries had to be positioned in at least one of the green economy sectors, and align with identified investment opportunities highlighted in the 2020 GreenCape Market Intelligence Reports.
The 2021/21 edition of the challenge builds on the 2018 and 2019 greentech innovation challenges hosted by GreenCape, Friedrich Nauman Foundation for Freedom and the City of Cape Town.