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All posts by Staff Reporter

  • New fund launched for startups in the app space

    If you're an aspiring app-builder, you may want to check this out. Technology accelerator mLab Southern Africa, in partnership with the Technology Innovation Agency, this week announced the launch of a fund aimed at assisting startups in the local mobile, sensor or wearable app startup space. That support will come in the shape of early stage grants of up to R500 000 being made available to early-stage startups. "This partnership fills a huge gap in the digital innovation value chain by bringing much needed early stage funding to mobile app start-ups and innovators who need funding to...

  • 20 big reasons why startups fail [infographic]

    Startups fail all the time. For the founders of these businesses, it can be heart-breaking. But if the right lessons are learned, it can also be a profoundly insightful experience. Of course, the best possible outcome is not to fail at all and build a successful, scalable business. And the best way to do that is to know what common pitfalls to avoid. Don't get us wrong, there's still room for failure in that model, but it's at least the right kind of failure. Forewarned is, after all, forearmed. The infographic below provides some useful insight around what you should...

  • Top startup events in South Africa, Africa you should know about this week [25/04/2016]

    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...

  • Here’s who’ll be competing for top prize at the MTN Entrepreneurship Challenge [update]

    Update: added infographic for the challenge The MTN Entrepreneurship Challenge, powered by Jumia, on Wednesday announced its top three finalists. Whittled down from a field of more than 700 entries, the three finalists beat out competitors from 26 countries across Africa. The challenge, which aims to boost entrepreneurship and innovation, as well as build a stronger and more sustainable business environment on the continent, kicked off in February, and is a joint initiative between MTN, Jumia and the MTN Solution Space based at the University of Cape Town Graduate School of Business. Through the entrepreneurship challenge, students were invited to develop a unique...

  • Top startup events in South Africa, Africa you should know about this week [18/04/2016]

    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...

  • Internet Solutions launches startup package

    Pan African telecoms service provider Internet Solutions recently announced the launch of IGNITE, a suite of technology solutions specifically aimed at startups. According to a press release sent to Ventureburn, the IGNITE package allows smaller, up-and-coming companies access to ICT infrastructure which rivals that afforded by big business. This infrastructure, it says, includes fast, easy, and affordable access to internet, billing, employee management and communications services. With the right digital tools, we believe that SMEs can be just as efficient, connected and productive as corporates with large ICT budgets, if not more so,” says Tony Koutakis, Executive Head: IGNITE....

  • This workshop aims to give social entrepreneurs a leg-up

    This seems like a good one for all the social entrepreneurs out there. Nesta UK and Caribou Digital will be hosting a free workshop open to anyone in the space. The workshop, which will is set to take place at Workshop 17 in the V&A Waterfront on 28 April, will take entrepreneurs through Nesta's Development Impact & You toolkit. According to the event organisers, the DIY Toolkit has been especially designed for development practitioners to invent, adopt or adapt ideas that can deliver better results. It looks at the stages of innovation to help you develop your innovation...

  • PE incubator gets new R&D lab

    The SEDA Nelson Mandela Bay ICT Incubator (SNII), based in Port Elizabeth, this week announced the launch of a Research and Development Lab centre, located on-site at its Newton Park technology office business park. According to a press release sent to Ventureburn, the R&D lab offers assistance and support to creatives, entrepreneurs, and small businesses in PE to design and develop apps, software solutions, as well as electronic and mechanical device prototypes. People developing new technologies in the lab will also own the intellectual property and patents on what they develop. The lab forms part of SNII’s technology infrastructure...

  • Giraffe receives undisclosed seed funding from Omidyar Network

    Recruitment service startup Giraffe has closed a round of seed funding from Silicon Valley-based VC fund Omidyar Network. The VC was established by eBay founder Pierre Omidyar. When inquiring about the funding amount, Giraffe declined to disclose the amount publicly. "Omidyar Network’s focus on job creation and particular expertise in marketplace networks makes them an excellent strategic fit for Giraffe," says co-founder and CEO of Giraffe, Anish Shivdasani. He goes on to say, "We're very proud to have a Silicon Valley investor supporting a South African company, especially at this troubled time of prevailing economic malaise." According to the principal of investments at Omidyar Network, Charmaine Padayachy, the VC...

  • Nairobi bootcamp to up-skill entrepreneurs in fund-sourcing, deal structuring and negotiation

    A Nairobi bootcamp takes place this week, with the aim of bringing together entrepreneurs and investors and educating startups on sourcing for funds, deal structuring and negotiation. Organised by the East African Angel Investor Network and Viktoria Ventures, the event includes a panel consisting of both angel investors and startups that have gone through previous rounds of financing. In an interactive Q&A session, they will relay their experiences to the startups in attendance. This event, which takes place on 14 April at Strathmore University is part of series of events Viktoria Ventures is organising to connect promising entrepreneurs with the local...