Applications are open to a new televised startup challenge show, Hangman, set to launch in South Africa, with the winner to walk away with ZAR1 million (US$77,512) in investment funding.
South African mobile operator Cell C announced the launch of the new TV show, which will put innovative startups through a series of challenges.
Their performance in the challenges will be judged by a panel of industry experts and investors, known as the “Backers”.
However, the show will also have a real-time interactive element, with members of the public asked to rate the investment-worthiness of startups via a virtual stock exchange, “The Exchange”.
The startup which gets the approval of the “Backers” as well as the most support via “The Exchange” will walk away with the ZAR1 million (US$77,512) prize, as well as on-going support and mentoring from the judging panel.
“Hangman gives wings to the aspirations of entrepreneurs who have identified a gap in the market and come up an innovation that fills that gap,” Cell C said.
“It’s breakneck entertainment that sees Contestants put their bodies on the line in the pressure cooker of innovation and turns viewers into real-time investors.”
Cell C is currently looking for entrepreneurs to participate in the show. Applications are open here, until July 31.