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All posts by Staff Reporter

  • Will South African trio’s algorithm be a boon for oil sector?

    Over $300-billion of oil and gas exploration projects have been shelved since the oil price fell from a high of $120 in July 2014 to a low of $25 in early 2015 -- but three South Africans' use of a statistical algorithm promises to cut the cost of finding oil and gas. While unlisted UK company Africa New Energies (ANE) recently became the subject of a bidding war with valuations of hundreds of millions of dollars, analysts remain cautious, with the company yet to discover a single barrel of oil. The company, launched by Stephen Larkin, Brendon Raw and Shakes Motsilili in 2012, uses data collected...

  • Young entrepreneurs: German Westerwelle Young Founders Programme is looking for you

    The Westerwelle Foundation is looking for entrepreneurs from developing and emerging countries to participate in its Young Founders Programme. The programme will take place over the course of a year and those accepted will have access to mentoring, online coaching and webinars, international alumni network, as well as invitations and scholarships to entrepreneurship conferences. Participants will also attend the Young Founders Conference in Berlin, Germany, which takes place on 13 to 16 September. Accommodation and travel will be covered by the Westerwelle Foundation. The Young Founders Conference looks to connect young entrepreneurs with each other as well as the German startup scene, successful entrepreneurs, and political decision makers. Westerwelle foundation...

  • Startup Grind Cape Town to host Monique Woodward from 500 Startups

    For its next event, Startup Grind Cape Town will be hosting Monique Woodward of 500 Startups. The event takes place on 31 March at Workshop 17. Woodward is a venture partner at 500 Startups, which invests in early-stage startups. She also leads a US$25-million microfund for black and Latino founders. Those attending the Startup Grind Cape Town event will be able to ask Woodward about investing and getting the attention of investors. It will also be attended by 25 other VCs and community builders from around the world. Read more: Startup Grind: 12 things we learnt from Yoco’s Katlego Maphai Tickets for the event...

  • Top startup events in South Africa, Africa you should know about this week [27/03/2017]

    Looking to get into the South African startup scene or scratch up on some of your skills? Well, you've come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we’ve rounded up to make your life a bit easier. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or...

  • 12 edtech startups teaching South Africans [Digital All Stars]

    Digital All Stars is a series of articles which aims to celebrate the best of South African digital. The articles, which will appear on Memeburn and Ventureburn, recognise and celebrate South Africa’s best digital entrepreneurs, business people, advertisers, and media professionals among others. The All Stars listed in the articles are compiled using a combination of our editorial team’s own knowledge, that of experts in the fields covered by each article, as well as public vote. Education is a problem in South Africa, whether it be under-funded schools, a lack of teachers, or collapsing buildings. There are private organisations trying to...

  • Your startup could be featured on 702, Cape Talk radio

    Are you a startup founder looking for that big break? South African startups have an exciting opportunity to be exposed on national radio and to be coached by well-known talkshow host and entrepreneur, Pavlo Phitidis. SA radio stations 702 and Cape Talk have partnered with Nedbank for the sixth Business Accelerator programme. Ventureburn has also teamed up with the accelerator to promote the event and foster relationships in the startup ecosystem. The aim of the Business Accelerator programme is to talk about businesses on air and make listeners aware of them, as well as help accelerate their growth in 2017. The programme is looking for companies that make a...

  • There are over 300 tech hubs in Africa and counting [infographic] [update]

    Update: Following publication of the article, the GSMA pointed out its research shows there are closer to 300 tech hubs in Africa.   Africa is becoming a place for innovation in the startup tech sector, which is in part due to the boost from tech hubs and incubators around the continent. According to research from The World Bank, as of June 2016 there were 173 tech hubs and incubators in Africa, with 32 of those being in South Africa. This is an increase of 56 tech hubs since the September 2015 version of the research. As thorough as the report is, it...

  • Impact Amplifier Investment Readiness Accelerator looking for startups

    The 2017 Impact Amplifier Investment Readiness Accelerator is looking for startups addressing social or environmental challenges to join its three-month programme. "Entrepreneurs that are focused on education, health care, housing, food security, financial inclusion, energy, water, and other climate adaptation/change issues are critical to creating a more socially just country. Yet, these businesses like many others also face a broad spectrum of challenges when trying to grow," read an excerpt from the website Impact Amplifier looks to support these businesses by providing investment readiness and acceleration services to early-stage companies. The programme will address key points, such as pitching to investors, strategic planning, revenue...

  • Call for nominations: Digital All Stars’ top edtech startups

    For Ventureburn's next Digital All Stars piece, we will be focusing on the top edtech startups in South Africa. We are looking for candidates who are using tech, or who are are tech-focused, with education startups. These can range from online courses to teaching kids how to code. Now is your chance to submit whoever you think would fit the criteria. In order to do so, please email editor@memeburn.com with the subject "Digital All Stars edtech startup nomination". The email should include the full name of the candidate, the startup, and a short 'CV' with their accomplishments and why you think they should be...

  • Equity investment in SMEs up 108% says PwC’s Accelerator global report

    PricewaterhouseCoopers' (PwC) Accelerator has released a new global report, which focuses on the equity financing market for SMEs. The report was compiled using data based on Pitchbook and World Bank Data, and looked at SMEs from 2010 to 2015. PwC's Accelerator looked at over 52 000 companies that employed under 250 people, over 81 000 known deals under EUR500-million, and over 33 000 equity investors. "The Atlas is a useful reference guide for CEOs of SMEs looking for financing. It helps them to understand the global equity financing market and to identify barriers and enablers at a global, cross-border and regional level”...