A 400% revenue increase, doubling of staff complements & international expansion, are the order of the day for entrepreneur finalists in the Business Innovation Awards.
The remarkable results of participating in the FNB Business Innovation Awards are clearly visible in two local companies, Isometrix and Cognician. As finalists, the companies gained access to high calibre mentors, talent, partners, investors and markets, through the international Endeavour network.
FNB’s partnership with Endeavour SA is evidence of the bank’s focus on promoting the entrepreneurial mindset through business innovation - and most important - by providing exponential help to the country’s high impact entrepreneurs. In other words, empowering ‘scale-ups’ rather than ‘start-ups’. The bank’s stance is that stimulating the growth of innovative entrepreneurs who are already turning over R10 million per year, is the most direct route to jobs and wealth creation in South Africa.
The two finalist companies featured here, Isometrix and Cognician, are powerful examples of how well this approach works. Isometrix is a homegrown tech company providing Integrated Governance, Risk and Compliance software to the mining industry. Today this company is able to compete with established players on the international stage; having more than doubled its employee numbers, grown its revenue by a staggering 400% and successfully expanded into Australia and the United States. The Isometrix software, which is proudly South African and locally developed, has also been recognized as one of the top 15 products of its kind in the world. The owners firmly believe that all of this is as a direct result of their first couple of years overseas, enabled by the Business Innovation Awards & Endeavour SA.
The digital coaching company Cognician, has experienced a similar trajectory of success. Through its digital programs Cognician amplifies employee performance in organisations through ‘life-changing learning at lower cost than instructor-led training and in half the time’. At the time of entering the Business Innovation Awards 3 years ago, the founders were trying to build a global company. Endeavour then helped them to strategise, provided them with insights, and in so doing enabled Cognician to achieve the levels of maturity required to scale sustainably. Since then Cognician has not only doubled in size, but continues to experience growth year on year.
Successes stories such as these are at the heart of the FNB Business Innovation Awards. Keep an eye out here for more successful case studies from companies who have achieved finalist or Innovator Of The Year status in this nationally important initiative.
If you become the The FNB Business Innovator of the Year you will have the opportunity to pitch your business to a credible panel of global business leaders, meet top investors and rub shoulders with their peers from around the world. Pending feedback from the panel about your business and capability as a global entrepreneur, you could walk away with the international recognition and prestigious title of an Endeavor Entrepreneur.