The Savant BUILD program, a structured incubation program that gives selected firms access to various forms of support, has announced that South African hardware innovators can submit applications.
Savant will provide services worth $6,000 in exchange for the possibility to own 5% of the business. The Savant BUILD program will be in effect from September 5, 2022, to February 10, 2023. Startups that are chosen will receive access to a network of partners as well as specialized one-on-one mentoring. Additionally, they will have access to specialized assistance, practical courses, and a variety of well-chosen materials.
CEO Nick Allen launched Savant in 2005. It offers commercial support to inventors and entrepreneurs who have created technologies and products based on science and engineering. The hardware technology incubator firm utilize the products developed by the inventors they have propelled from idea to commercial success.
Snuza, a graduate of the Savant incubator. The startup developed a new generation of intelligent baby monitors. The tech allowed parents detect stomach movement in infants, as well as breathing irregularities and abdominal pain, with the aid of wearable equipment. Snuza goods, which had modest beginnings at Savant’s incubator, are now sold both domestically and abroad.
About Savant BUILD Program
Hardware innovators are quietly gaining ground internationally, despite the fact that software has attracted most of the funding and attention in the tech industry.
CEO Nick Allen established Savant, a highly specialized and commercially-driven hardware technology incubator, in 2005. Savant’s business model includes an equity stake in the incubatee startup. This is to achieve the goal of nurturing South African start-ups in science and technology innovation.
It focuses on projects with strong intellectual property protection, global market appeal, and technology that can satisfy the needs of the target market.
Allen, a certified engineer and seasoned member of South Africa’s post-democracy entrepreneurial environment, worked for both public and private SMME incubators prior to starting Savant. He recognized unrealized promise in a group of South African inventors as a result of his expertise.
Aside from Allen’s passion for entrepreneurship, he also has an eye on job-creation. Hardware technology, compared to software development, is labour intensive.
Application for the Savant BUILD program is open till August 14. Interested innovators and startups can click here to apply.