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News

  • Venture Capital continues to grow in SA

    Interest in SA venture capital (VC) has seen steady growth. This growth in interest could translate into expanding opportunities for investors as well as entrepreneurs, according to the CEO of the Southern African Venture Capital (SAVCA) and Private Equity Association, Tanya van Lill, who commented on the Global Entrepreneurship Congress. "South Africa's venture capital (VC) ecosystem is evolving, with more fund managers entering the industry and growing investor interest in the asset class. This increased activity is generating positive spinoffs for local, innovative entrepreneurs seeking funding," said van Lille in a press release to Ventureburn. SAVCA recently launched their VC Survey, tracking...

  • I-Drop Water to represent SA in Chivas Venture pitching competition

    South African greentech startup I-Drop Water has been selected as one of 30 finalists in the US$1-million Chivas Venture social enterprise competition. The finals will take place in Los Angeles in July. Founded by James Steere, I-Drop Water looks to change the way water is sold in SA by installing purification and dispensary vending machines in stores. The company says the water sold is 80% cheaper than bottled water and will be housed in refillable containers. Finalists will have five minutes to pitch their businesses in front of a panel of judges and live audience, where they will compete for US$750 000. "We were blown away...

  • 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...

  • CiTi launches first EdTech Open Innovation Cluster in Africa

    The Cape Innovation & Technology Initiative (CiTi) has launched the first EdTech Open Innovation Cluster and incubator in Africa. The event was held on 15 March at the Bandwidth Barn in Woodstock, Cape Town, and saw a turnout of close to 500 people. The aim of the cluster is to collect as many of the best edtech startups and companies in one location to work on education problems. The initiative is helmed by Jamie Martin, who previously held positions at Deloitte and The Boston Consulting Group. Martin said there is also a team from Yale, researching and supporting the cluster. EdTech Incubator Part of the EdTech Open Innovation Cluster is to launch an...

  • Johnson & Johnson announces Africa Innovation Challenge winners

    Healthcare company, Johnson & Johnson has announced the three winners of the Africa Innovation Challenge at the Global Entrepreneurship congress, which took place in Johannesburg. The three winners submitted ideas around early child development, maternal health, empowering young women, and improving family well-being. "Africa is one of the fastest growing regions of the world, and Johnson & Johnson is proud to support this growth through strong collaborations that encourage innovation and accelerate advancements in the continent’s health systems," said the CSO and MD of Johnson & Johnson, Paul Stoffels, in a press release to Ventureburn. "We are seeing a surge of activity...

  • Tigo, Reach for Change award US$20 000 to entrepreneurs

    Telecoms company, Tigo in partnership with NPO Reach for Change, has awarded two entrepreneurs US$20 000 in the fifth edition of the Tigo Digital Changemakers Competition. The competition aims to find and support innovative entrepreneurs using digital tools who have a positive impact on their community. In addition to the financial grant, the winners also received access to the Reach for Change incubator programme, which provides them with access to global networks and expertise. The winners of the competition are Sophia Mbega's Vicoba and Nancy Sumari's Kids Jenga Hub. "For five years now, our Changemakers have touched the lives of over 250,000 children in...

  • 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...

  • Y4PT Hackathon series found its Cape Town representative

    International pitching competition Youth for Public Transportation (Y4PT) Hackathon concluded its Cape Town event on 6 March. It focuses on mobility and takes place in 20 major cities around the world. Y4PT was held in partnership with WhereIsMyTransport, the Bandwidth Barn, KAT-O, and Women in Tech. "This hackathon was our first to showcase what can be done with integrated transport data, and the power of an open platform," said the co-founder of WhereIsMyTransport, Devin de Vries, in a press release to Ventureburn. Teams could compete in four categories which included Integrated Mobility, Healthy Mobility, Inclusive Mobility and Future Mobility. The winners from various countries will compete in...

  • 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”...

  • New infographic focuses on Cape Town as startup capital of Africa

    A new infographic has been released which shows why Cape Town is the startup capital of Africa. The report has been compiled with the efforts of the City of Cape Town, Invest Cape Town, Wesgro, CiTi and Silicon Cape. The data has been compiled from a number of resources, such as the FNB Property Barometer, SAVCA 2015 Venture Capital Survey and World Economic Forum Global Rankings 2016. "The resources clearly show why the Cape is the leading tech hub in Africa. It is because of our skills pipeline, which is unmatched on the continent, combined with the quality of life and infrastructure in the Cape, and...