Businesses vie for backing

Ouma Tema’s Plus-Fab fashion designs placed third in last year’s Engen Pitch and Polish competition.Photo: Facebook/Pitchandpolish

Ouma Tema’s Plus-Fab fashion designs placed third in last year’s Engen Pitch and Polish competition.Photo: Facebook/Pitchandpolish

The annual Engen Pitch and Polish competition for 2022 will see 16 entrepreneurs competing for a first prize valued at R1 million. This involves R650 000 in cash and a Raizcorp incubation bursary worth R350 000.

The second prize is R100 000 cash, and the third prize R50 000.

Like last year, the programme will be run fully online with weekly episodes released from July to October.

This pitching competition was presented online for the first time in 2021. The format was a resounding success, with over 2,5 million individual views of the entrepreneurs honing their pitches over four rounds.

In the end, Cape Town-based business partners Pieter du Plessis and Viljoen de Kock, owners of Gudgu, walked away with the first prize.

“Engen Pitch and Polish changed our lives for­ever. We are so grateful for the R650 000 and the R350 000 incubation opportunity,” said Du Plessis.

“We are hungry for knowledge and guidance on how to make Gudgu a very successful, fail-proof business, starting with finances.”

Once again, Engen Pitch and Polish will offer contestants a structured learning programme and their own business mentors from business incubator Raizcorp.

During the programme, the entrepreneurs will be supported as they hone and improve their pitches. Even if they do not win one of the prizes, they will still win valuable knowledge and business support.

Entrepreneurs from across South Africa who have a registered business are invited to enter on pitchandpolish.com. Entries close on 11 April.

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