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All posts by Staff Reporter

  • BootstrapLabs and MAD Incubator launch BootstrapAccelerator Asia

    Silicon Valley-based BootstrapLabs, and Malaysia-based MAD Incubator have partnered to create BootstrapAccelerator Asia, a Southeast Asia-focused tech startup accelerator with a Silicon Valley fast track for its most promising candidates. A partnership of this type is a first in the region. As Southeast Asia is experiencing steady growth, more investors are turning to the region which plays host to a population of one billion. “What is developing in Southeast Asia is thrilling. MAD Incubator...

  • Location startup Waytag shortlisted for Global BlackBerry Achievement Awards

    The Waytag location naming and sharing app for BlackBerry 10 is a finalist in this year's BlackBerry Achievement Awards in the Mobile Innovation of the Year category. Waytag is one of 15 apps selected as a finalist. Winners will be announced at BlackBerry Live in May. Waytag, active in the fast-growing mobile markets of South Africa and Nigeria, enables users to more easily find businesses and people in areas that do not have...

  • iROKO-partnered gaming company Kuluya now valued at $2M

    Hot off the back of its website redesign, online Nigerian gaming company Kuluya has raised another small seed-stage investment valuing the company at US$2-million. Users can now place bets, challenge other players to a game, and make money through competitive cash games. This redesign shifts the website from an advertising play to a hybrid commerce platform. Kunle Ogungbamila, Head of Kuluya says: “Without a doubt, we have the best team of designers and animators in the country, who have grown the company to a $2M valuation in six months. Our goal is to become one of the most successful media companies...

  • International Girls in ICT day: breaking stereotypes, inspiring careers in tech

    We've written our fair share in support of more women in tech, and we've been pleased to witness the emergence of new initiatives that support the development of female entrepreneurs. The latest push comes via the South African Girls in ICT event. Now in its fourth year, the event in partnership with HP aims to inspire girls to consider a future in technology, with more than 130 schoolgirls expected to attend a conference with leading women in the local ICT sector. "South Africa needs to actively encourage young girls to consider technology as a career option if the country is going...

  • Display tech: can Africa compete with the East? ‘Yes it can’ says PVision

    African hardware startups are in the minority. Instead, as capital barriers are low, the continent is seeing a boom in online ventures. That doesn't mean however, that hardware manufacturing success is exclusive to the East. Since 2003, PVision, a South African manufacturer of LED and LCD displays, has been rolling out locally manufactured products which include commercial displays, lite commercial displays, nano displays, touchscreen technology, mounting solutions and back-end architecture. PVision CEO, David Ross, sees South Africa's increasing engagement in the development and manufacture of high-end technologies, as a driver of economic change. It's a specialised market, one that isn't...

  • World’s largest startup accelerator testing programme launch in Cape Town

    Having set up shop in Johannesburg earlier this year, the Founder Institute is now looking to expand to Cape Town. The Founder Institute is an early-stage startup accelerator and global launch network with a part-time four month programme. The idea is that entrepreneurs can launch their dream company with training, feedback, and support from experienced startup CEOs, while not being required to quit their day job. The Founder Institute touts its "Graduate Liquidity Pool" which ropes in graduates and mentors to share in the equity upside of each class. Since being founded by serial entrepreneur Adeo Ressi in 2009,...

  • SAP finds innovation in Africa, announces Startup Forum winners

    Enterprise companies are increasingly looking to startups for innovation. The SAP Startup Focus programme saw, eight finalists -- selected from 50 across Africa -- pitch their ideas on how to best leverage the real-time capabilities of SAP HANA, the real-time business insight database platform. The judging panel included Kaustav Mitra, who leads the SAP Startup Focus programme, as well as senior SAP specialists based in Palo Alto, California. SAP Startup Focus is a global...

  • SA startup Paperight wins prestigious innovation award at London Book Fair

    If you haven't heard of Paperight, the network of independent copy shops that print books, it's time to pay attention: the South African startup is capturing the imagination of the world's publishing industry. On the heels of being named one of the winners of the O’Reilly Tools of Change Startup Showcase held in New York City, the startup from Cape Town was awarded the Digital Minds Innovation Award at the London Book Fair -- one of the world’s most prestigious publishing events. The showcase held Sunday night at the Digital Minds Conference, a precursor event to the London Book Fair,...

  • Mentorship Marketplace: matching entrepreneurs with business experts

    African entrepreneurs are increasingly looking for mentorship. Locally, a study by the Silicon Cape initiative, revealed that access to business mentors was the second most sought after resource. Now, VC4Africa (Venture Capital for Africa), the African entrepreneurial hub, is launching the Mentorship Marketplace, a peer-to-peer marketplace where entrepreneurs can add "mentor requests" that are searchable and actionable by a pool of registered mentors. Entrepreneurs looking for advice on how to grow their business in Africa now have access to a group of dedicated mentors, while Africans living abroad can get directly involved with venture creation. Assisting promising entrepreneurs Having a...

  • Seed Engine selects first 6 startups, applications remain open

    Since we last checked in on Seed Engine, the accelerator has begun its first 13 week accelerator boot camp. Six teams of entrepreneurs have been selected from more than 300 applications. Each venture has been given R100 000 startup capital to convert their ideas into practical business plans ready to attract further investment at a demo day in May. Entrepreneurs hope to raise between R200 000 and R2-million. Marc Elias, CEO of Seed Engine says that the ventures selected are all tech focused, have international appeal as well as disruptive and scalable qualities. "There is tremendous energy in our Sandton based...

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