Business Investment Competition
Operating successfully in the engineering or construction sector is a challenging task and the BIC adjudicators are on the hunt for small black-owned businesses that are providing quality services to the South African market. If engineering or construction is your forte then enter the BIC and you could walk away with R100 000 to improve your business.
If you operate a business in the manufacturing sector and have shown determination and dedication to build a sustainable business, enter the BIC. The adjudicator’s are looking for outstanding entrepreneurs that run efficient and effective manufacturing companies producing high quality goods that cater to the consumer or industrial markets.
The BIC adjudicators are looking for candidates in agriculture or agri-processing, who show not only perseverance and bravery by starting their own businesses, but also a keen understanding of farming systems and the agricultural environment. If you have been operating in this sector for at least two years and are a registered business, enter and you could win.
The BIC adjudicators look out for successful South African companies operating in the trade or services sector. If you have a firm grasp on the South African trade or services landscape and have built a robust business, enter the Business Investment Competition and you could win R100 000 to take your business to the next level
Application and adjudication process
Applicants must submit an online application. This is followed by two rounds of adjudication to select the winners and runners-up.
First round adjudication: Following the submission of all entries our panel of adjudicators reviews the businesses entered and draw up a shortlist of successful entrants.
Second round adjudication: All shortlisted business owners are invited to Johannesburg to make a presentation to a panel of adjudicators about their business and showcase why they are deserving of the prize. At this second round of adjudication all applicants (business owners) are interviewed by a team of writers.
Small Business Expo (SBE): Following the BIC Awards, all finalists remain in Johannesburg for three days to attend and exhibit at the SBE as well as attended several business training workshops.
Entries for the competition open in May and close in July.
Who may enter?
Registered, South African, black-owned small or medium enterprises that:
- Have been in operation for 24 months or longer
- Operate in any of the nine provinces, and
- Operate in one of the following sectors:
What documents are needed?
- Business Plan for this year and next two years
- Marketing Plan for this year and next two years
- Copies of partner/joint venture agreement
- Copy of latest audited financial statement, if (Pty) Ltd
- Copy of business registration certificate
- Copy of VAT certificate (if applicable)
- Copy of SARS tax clearance certificate
- opy of employee tax registration opy of employee tax registration
- Copy of UIF registration certificate
- Copy of COID registration
- Copy of latest bank statements for each bank account
- Latest copy of water account