The Eskom Development Foundation officially launched the 2018 edition of the Business Investment Competition (BIC) today in Johannesburg. Small businesses from all provinces are encouraged to enter and seize the opportunity to win their share of R1,3 million worth of prizes up for grabs in the competition, which they can use to elevate and grow their operations.
Entries for the competition are open until 23 July 2018, at 09:00 and registered black-owned small and medium enterprises, which have been operating for 24 months or longer, can submit their entries and stand a chance to win great prizes.
For the last decade, Eskom has been running the BIC to recognise, reward and help boost small businesses that are contributing to skills development, job creation and economic growth. The competition is open to enterprises operating in the manufacturing, engineering/construction, trade/services and agriculture/agri-processing sectors
Since its inception, the BIC has been helping small enterprises move to the next level with the financial rewards, business skills, training and networking opportunities that form part of the prizes. The overall winner of the competition receives R300 000, each of the four sector’s winners take home R125 000, while first and second runners up each receive R75 000 and R50 000 respectively.
All BIC finalists also get an opportunity to exhibit at the annual three-day Small Business Expo (SBE) held in September at the TicketPro Dome in Johannesburg. SBE is an exclusive platform for small and medium enterprises to market themselves and interact with big corporates, potential investors and customers.
The Eskom Development Foundation’s CEO, Cecil Ramonotsi, encourages small business owners not to miss out on this great opportunity to grow their businesses. “Eskom is giving small businesses support through this unique opportunity. We call upon all black-owned and registered enterprises that qualify to seize this chance in order to propel their operations and continue making a positive impact in their local economies. There really is nothing to lose but so much to gain in the BIC,” says Ramonotsi.