Applications have opened for the second AlphaCode Explore programme, a joint initiative of the Explore Data Science Academy (EDSA) and Rand Merchant Investment Holdings (RMI) fintech division, AlphaCode.
The joint initiative aimed at honing the ideas and skills of 20 aspirant South African fintech entrepreneurs ready to leverage data science in the financial services space.
The 12-month programme is aimed at honing the ideas and skills of 20 aspirant South African fintech entrepreneurs and those ready to leverage data science innovatively in financial services.
Successful candidates will go through a programme that will give them the fundamentals to build a 10X business (a business with exponential growth) and be taught the basics of data science. The application process considers the candidate’s aptitude for data as well their intention to become an entrepreneur.
Co-founder of the EDSA, Shaun Dippnall said, “What differentiates the AlphaCode Explore programme is that it provides both a serious business skills framework with data science skills to enable candidates to innovate and create viable business models using data.”
Head of ecosystem development at AlphaCode, Andile Maseko said, “We are not just looking for good ideas, but we’re even more interested in the applicant’s entrepreneurial mindset and their aptitude to acquire data science capabilities.”
Maseko further said, “Our remaining candidates are working on a real-world data science project sponsored by a corporate. We look forward to the next cohort of fintech entrepreneurs who are ready to take their data skills to the next level.”
Candidates who apply themselves on the programme and formulate a compelling business concept will be considered for a pitch evening finalist position on the AlphaCode Incubate programme, which identifies and supports early-stage financial services entrepreneurs with disruptive and scalable business ideas.
Two candidates from the first Explore candidates made it to the final pitches for AlphaCode’s Incubate programme, with one – Olova – making it into the final eight. Applications are open here until September 27, with the process considering a candidate’s aptitude for data as well as their intention to become an entrepreneur.