Towards the end of last year, Sanlam announced the qualifying five participants to the Sanlam Bridge. This annual initiative provides up and coming young entrepreneurs with financial support, expert guidance, mentorship and coaching to realise their business dreams. After eight months of implementing their business ideas with the guidance of Start-up Namibia, the five participants were offered an opportunity to present their progress to a panel of judges.
The businesses were judged based on the overall performance, innovation, problem and solution; market opportunity, product or service; business model; traction and financial projection amongst other criteria. Taxi-Connect was selected as the overall winner and scooped the N$50 000 prize.
During the implementing eight months, the participating businesses were able to turn their dreams into reality, by increasing sales, increasing average order value, attracting new customers and increasing cash flow, as well as being exposed to a wide range of networks and other technological advancements that have positively impacted their businesses. Announcing the winner, Sanlam General Manager: Brand and People Evans Simataa said: “It was a difficult decision for the judges because all participants had amazing ideas and have executed their projects surpassing expectations.”
Other participants who were in the annual initiative are Petwa Medical Practice by Dr Twafifwa Nambuwa, Greenville Solar by Kleopas Johannes, Ndaka Mushroom & Processing by Abner Tomas and Stimu-Box by Nadia Gustavo.