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All posts by Daniel Mpala

  • SA drone startup Aerobotics clinches Digital Insurer European 2017 award

    Cape Town-based drone and data analytics startup Aerobotics has clinched The Digital Insurer (TDI) European 2017 Startup Insurtech Award. Aerobotics was yesterday one of four finalists selected to present in a technology showcase that saw the award winners selected through a live vote by conference attendees at an event held in London. The other finalists include Shift Technology which has developed a fraud detection solution that uses artificial intelligence (AI), South African startup Nuva Law which has put together an inter-party negotiation and adjudication platform and CBien a digital inventory management platform for personal belongings. While Aerobotics walked away with the award, another South African startup Nuva Law...

  • Edtech incubator Injini selects eight startups from across Africa to join first cohort

    African incubator Injini -- which claims to be the continent's first ever edtech incubator -- has selected eight startups from Ethiopia, Kenya, Tanzania, South Africa and South Sudan to join its first cohort which will kick off on 9 October in Cape Town. Injini founder and CEO Jamie Martin (pictured above) told Ventureburn yesterday said the names of the startups were selected following a pitch event on 8 September and would be unveiled on 10 October at a launch event, which will take place at the University of Cape Town. The six-month incubation programme begins on 9 October and each of the eight startups will get up to...

  • Here’s how Africa Chivas Regal winner EmptyTrips will disrupt logistics sector

    Barely a year old, Johannesburg based online trip exchange platform EmptyTrips has been having a good year. The startup won the Africa Chivas Regal Venture Pitching Den at the SA Innovation Summit earlier this month and will represent South Africa at the 2018 Startup World Cup in San Francisco next year. EmptyTrips will next take part in the Slush Global Impact Accelerator in Finland between 21 November and 2 December. The startup has also participated in Singularity U Global Impact Challenge where it was one of the top five finalists and in the annual Seedstars competition where it was placed third in the SA leg of the competition. The five-month old company...

  • Israeli tech deal flow ‘mind boggling’ says StartUp Tel Aviv SA Challenge winner

    Tel Aviv's startup ecosystem has blown away local entrepreneur Nish Singh who earlier this month attended DLD Tel Aviv Innovation Festival. "The ecosystem there is warm and open, the tempo is fast and the deal flow is mind boggling," says Singh, who is the co-founder and COO of Multifractal Semiconductors, a Pretoria-based startup that develops computer chips. Singh and fellow co-founder Piotr Osuch traveled to Israel from 3 to 7 September to attend the festival after the startup was earlier this year selected as one of the winners of the StartUp Tel Aviv SA Challenge. The startup was one of 15 startups from Africa, Europe and Asia -- chosen from...

  • France bound: Five SA startups selected for the 2017 Young Enterprise Initiative

    Five South African tech startups have been selected to travel to France for the week-long Young Enterprise Initiative acceleration programme which takes place this November. Romain Petit, innovation manager at the French Embassy in South Africa, told Ventureburn that the five will leave for France in the week of 13 November. During this time they will spend two and a half days in Paris attending training and business to business-to-business (B2B) meetings. Thereafter, they will be assigned a partner incubator which will assist them on finding the right partners for research and development. Read more: Is seven days enough time for startups to be...

  • Solve real problems and never retire says Fundamo’s Hannes Van Rensburg

    When it comes to running a tech startup Hannes van Rensburg has seen and done it all. He even wrote a book called Cash in, Cash out, which documents the story behind Fundamo, the mobile payment platform which he sold to Visa in 2011 for $110-million. Van Rensburg (pictured right), who is also a trained nuclear physicist, gave some further insights on entrepreneurship at last week’s StartupGrind event held during the SA Innovation Summit at Cape Town Stadium. Here are his seven top insights: 1. Starting a business is not something to do likely, seriously, it can take a toll on you so do it...

  • Cryptocurrencies won’t see adoption like credit cards did – Hannes Van Rensburg

    It's a been a torrid week for bitcoin and other cryptocurrencies, following China's decision on Monday to ban all initial coin offerings. Now former South African entrepreneur Hannes van Rensburg has entered the fray by questioning the sustainability of cryptocurrencies for wider use by consumers. Van Rensburg in 2011 sold his payments platform Fundamo to Visa six years ago for $110-million. Speaking at a StartupGrind Cape Town event at the Cape Town Stadium last night, he said cryptocurrrencies that utilise the blockchain won't see the same kind of adoption as credit or debit cards because of the impracticalities of settling payments on the blockchain. “The way that cryptocurrency has...

  • I’M IN Accelerator finally under way, here are the startups in the first cohort

    After a short delay in finalising applications, IDF Capital's I’M IN Accelerator has kicked off with 10 startups having been selected, IDF Capital executive director Polo Leteka told Ventureburn. The programme aimed at building high growth black-owned tech startups. The three-month long programme kicked off this month and participants are currently undergoing a needs analysis and assistance in developing a growth strategy. I'M IN Accelerator will offer seed funding of between R150 000 and R160 000, in exchange participating startups will give up between 1.25% and 6% equity stake The programme includes two rounds of funding. In the first round participants will receive a minimum of R150 000 and each...

  • Female-only YHER Accelerator to offer participants two prizes of $20 000 each

    Australian accelerator Spark* has opened applications for YHER , a week-long Johannesburg-based acceleration programme aimed at female entrepreneurs in Africa which it aims to launch in November. The first cohort of 15 female founders of early-stage startups from across the continent will take participate in the accelerator programme which will take place between 11 and 17 November in Johannesburg. Two prizes, each of $25 000 Australian dollars ($20 000), will be awarded to participants during the programme. To qualify interested applicants must be running an early-stage startup and be developing solutions that improve the lives of women and girls living in poverty, and must have gained traction...

  • Here’s what you need to know before you apply to Propella’s incubator programme

    Are you running a tech startup in or near Port Elizabeth? Looking to get into an incubation programme? Here's what you need to know about the Propella's business incubator programme. Propella was launched in 2015 through a partnership by business support company Engeli Enterprise Development and Nelson Mandela University owned commercial company Innovolve in an effort to develop tech startups in Nelson Mandela Bay. Propella provides support for startups working in ICT, renewable energy, smart city solutions, energy efficiency and advanced manufacturing sectors Grant Minnie, the senior industrial advisor at Propella, told Ventureburn that startups interested in joining the accelerator need to be aware of the...