• BURN MEDIA
    • Memeburn
      Tech-savvy insight and analysis
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Motorburn
      Because cars are gadgets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!

Entrepreneurship

  • This incubator is on the look-out for talented black entrepreneurs

    The Riversands Incubation Hub is on the lookout for talented black entrepreneurs to join its accelerator programme. The hub, which has been built specifically to encourage black entrepreneurship and is funded by Century Property Developments and The Jobs Fund, officially opened in March 2015. To be eligible for the full incubation programme, businesses need to: Be 51% black-owned Be viable and operating with a potential for growth Be entrepreneurial and ability to execute on ideas Suit the Hub model and markets Satisfy the Hub’s ratio of cost and risk to benefit Create economic opportunity for the surrounding area. Read more:...

  • These companies will make any business feel like a startup

    So your business has been around for a few years now. Things aren't as much of a panic as they once were and the general chaos of startup life seems to have settled into something more generally manageable. Thing is, with the average lifespan of businesses dropping all the time, it takes a hell of a lot of hard work to build something with a lasting legacy. But even if you find yourself comparing your business to companies that have been around for decades, you can rest easy in the knowledge that there are companies that make them look...

  • Inside Nigeria’s bustling startup world — where the real ‘hustlers’ live

    Earlier this week, Ventureburn unveiled DEMO Africa’s top 30 startups for 2015. While attention is being given to Ivory Coast whose startup scene is making its debut this year on the DEMO Africa stage, the fact that no one was surprised to see Nigeria having more startups than any other country this year, just like last year, is giving credence to the notion that the startup ecosystem in Nigeria is booming. And it’s not just because of Nigeria’s large population. Below are a few of key characteristics I've picked up over the years, defining the West African country's as one of...

  • 6 tips for kickstarting your first ecommerce site

    Joining the world of electronic commerce may seem daunting if you’re running a small business, but it is easier than ever to get up-and-running with a digital storefront. And with consumers looking for online convenience, allowing them to browse, order and pay online can give your business an edge in a competitive market. Here are a few ideas on how to get started: 1. Begin with a business plan If you’re thinking about taking your business online, you should start by drawing up a business plan for your e-commerce site. Think about your value proposition and how it could translate into the...

  • How important is Kenya in Africa’s growing startup scene?

    With US President Barack Obama expected to open the Global Entrepreneurship Summit in Kenya on Saturday, the East African country has seen a lot of attention of late. In a media briefing on Tuesday Kenya's President Uhuru Kenyatta said about 1 400 delegates are expected at the summit, which runs until Sunday. Much of Kenya's fame has come from mobile money platform M-Pesa (developed in the UK), which has allowed any one, including those in rural areas, to send and receive payments by cellphone. Added to this, a number of accelerators and incubators have cropped up in recent years in Nairobi (the...

  • When do startups stop being startups?

    At Tech in Asia we often come across well-funded companies that have been in existence for a number of years, but began as a startup. Personally, I used to think the term “startup” simply referred to an immature technology business, or a small company starting out on their journey to success. But flying in the face of this logic are world-renowned entities like Xiaomi, Didi Kuaidi, and US companies Airbnb and Uber. They’ve all been referred to as startups, but at some point they clearly managed to graduate to fully-fledged giants. Surely there must be some way we can distinguish...

  • Seed Academy launches ebook to guide entrepreneurs through funding process

    Access to funding is a massive issue for South African startups. In fact, the 2015 Ventureburn Startup Survey showed that many entrepreneurs consider it their biggest obstacle to growth. News that Seed Academy has launched an ebook aiming to guide entrerpeneurs through the funding process should therefore probably come as welcome. Called The Essential Guide to Funding in South Africa, the guide was developed in response to the findings of the incubators own survey, launched earlier this year. “It is clear from Seed Academy’s first startup survey, and after training hundreds of entrepreneurs, that raising funds is the most...

  • Got a small business? Here are 5 tips to help make it sustainable

    Almost 50 years ago, when Emma Meyer started Auto Number Plates with her now late husband Nico, the couple only had determination on their side. By focusing on the details, the company has flourished -- helping two of their five children open their own small businesses. To this day, 86-year-old Meyer still completes a full day’s work at the shop every day. Here, she shares her insights on how SMEs can attain sustainability: Plan ahead Dedication and determination start with great planning. Pin your goals down and work out different methods to reach them. Having goals to work toward encourages perseverance...

  • Is forcing banks to lend to SMEs a good idea?

    India's reserve bank recently introduced new measures under its long existing priority sector lending policy that mandate banks to lend a minimum percentage of their net credit to small businesses. But is forcing banks to lend to small firms such a good thing? Under the new rules, announced in April, banks must by March next year ensure that they lend a minimum of seven percent of their net credit to small businesses and a minimum of 7.5% by March 2017. For banks it means more work. They will have to continue to ensure that a total of 40% of their...

  • Endeavour South Africa accelerator celebrates success rate at JSE

    The Johannesburg Stock Exchange (JSE), in association with Endeavor South Africa, recently showcased the success rate of its early-stage, black-owned businesses -- some of which have doubled their number of employees over two years. Endeavor is an initiative which supports over 1 000 High-Impact Entrepreneurs from nearly 700 companies across the 23 markets where it operates. Over the last 10 years, it has identified and supported more than 60 high-growth entrepreneurs. It's also developed the Excelerator programme, which works with black-owned businesses. Selected founders for the Endeavor Excelerator Programme in 2012 gained access to a business road map, an advisory board,...