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All posts by Staff Reporter

  • Google Launchpad to provide over $3m to more than 60 African startups – CEO

    Google will provide more than $3-million in equity-free funding, mentorship, working space and access to expert advisers to more than 60 African startups over three years, the company's CEO Sundar Pichai said in Lagos, Nigeria yesterday. Pichai said the initiative will be based on Google's global Launchpad Accelerator programme. He added that intensive three-month programmes, held twice per year, will run out of a new Google Launchpad Space in Lagos — the first time the programme will be located outside of the US. In addition he announced that Google's charitable arm, Google.org, is committing $20-million over the next five years to non-profits that are working...

  • Fewer than one in five SA entrepreneurs applied for finance in last year – survey

    Ask any business owner what their top need is and they'll say -- "finance". Yet fewer than one in five entrepreneurs applied for finance from banks or other funding institutions in the last year, a survey released today revealed. The survey, carried out by Seed Academy -- a division of ICT accelerator Seed Engine -- sampled 1 200 entrepreneurs. In a press release, Seed Engine CEO Donna Rachelson, said that only 18% of the surveyed entrepreneurs have in the last year attempted to get funding from banks or funding institutions like the Industrial Development Corporation or the Department of Trade and Industry. “Some entrepreneurs indicated that they simply don’t know where...

  • TIA-backed startups have two weeks left to apply for Young Enterprise Initiative

    Young South African entrepreneurs who have received support or funding from the Technology Innovation Agency (TIA) have two weeks left to apply for the Young Enterprise Initiative South Africa (YEI South Africa) 2017 programme. Applications close on 7 August. The programme, held by the French Embassy in South Africa and TIA aims to provide four South African startups with an opportunity to develop and grow in France. To be eligible for support applicants have to have companies that are at the early-revenue or pre-commercialisation stage that have been funded by TIA or that have participated in one of the agency's programmes. In an announcement last week on the French Embassy...

  • Top startup events in South Africa, Africa you should know about this week [24/07/2017]

    Looking to get into the South African startup scene or catch 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...

  • How to make a killing with online sports betting in South Africa

    The internet has made virtually everything easier, faster and more convenient in South Africa, and sports betting is no exception. In fact, many South African punters and operators alike are using online bookmaking sites to make a killing as you read these words. From a punter’s perspective, during the dark old days of South Africa they had little choice but to physically trek to their nearest TAB outlet to place their horse racing bets. Today, however, they can wager on horse racing and a variety of other local and international sports in Rands on their desktop computer, laptop, smart phone or...

  • South Korea seeks to diversify its startup scene with its latest accelerator GAPS

    The South Korean government has opened applications for 30 foreign startups to join its new Global Accelerator Program for Startups (GAPS). The application deadline is 31 July. The 1o-month programme will run from this September to June next year and shortlisted startups will each get a grant of $26 000. Applicants will be assessed on how marketable and scalable their business models are as well as on their team’s makeup. Winning startups will also be provided with office space, equipment and material. The programme will also assist participants in getting startup visas and additional mentorship on how to run a business in Korea. GAPS is...

  • 12 days left to submit proposals for the Open Innovation Challenge

    The Swiss Embassy in South Africa, in collaboration with The National Research Foundation, the Swiss Tropical and Public Health Institute and the University of Basel, are calling for proposals for the Open Innovation Challenge. The deadline for the challenge will be on  Monday 31 July 2017. Accepted submissions need to be feasible and must be at least in the proof of concept stage. The challenge brief states that the organisers are looking for entries in the following areas: waste disposal, water access, affordable environmentally friendly building materials, affordable renewable energy, sanitation and hygiene. Innovators behind the chosen submissions will get to participate in the Swiss-South...

  • Second round call for Innovation Summit’s Pitching Den, Inventors Garage

    The SA Innovation Summit has announced round two of their call for applications for the Pitching Den and Innovators Garage competitions. The final round for submissions will now be open until Monday 31 July. In an earlier press release, summit director, Audrey Verhaeghe said the Pitching Den competition was aimed at high growth tech startups that had innovative solutions that could significantly impact Africa's growth. Winners of the Pitching Den will win PR exposure worth R500 000, acceleration and business networking opportunities. Additionally they will get an opportunity to compete for a $1-million investment prize at the 2018 Startup World Cup grand finale in San Francisco. Winners...

  • Top startup events in South Africa, Africa you should know about this week [17/07/2017]

    Looking to get into the South African startup scene or catch 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...

  • Seven days left to apply for #cocreate2ACCELERATE 2017

    There are seven days left to apply for the #cocreate2ACCELERATE initiative, with this year's deadline falling on 24 July 2017. #cocreate2ACCELERATE is an initiative by the Kingdom of the Netherlands through the Dutch Consulate General in South Africa. The programme will focus on five sectors this year, in the form of agritech, bluetech, fintech, healthtech and edutech. The programme will be held between 28 August 2017 and 8 September 2017 in Cape Town. Successful applicants will also be able to participate at the Innovation Summit. Last year's winning participants covered video games, application development and agritech. Read more: Five tech startups chosen for Dutch #cocreate2ACCELERATE challenge Cocreate SA stated...