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News

  • CiTi, Media24 partner to build developer talent

    The Cape Innovation and Technology Initiative (CiTi), has announced a partnership with Media24 aimed at building developer talent in the Western Cape. Called The Hub @ Media24, the partnership is the latest initiative to come out of CiTi's CapaCiTi programme, which aims to close the gap between unemployed young people – many with tertiary education – and the shortage of technology, specifically coding, skills in the Western Cape. Launched on 1 June, the The Hub @ Media24 was officially launched on 1 June 2016 and is located in the Bandwidth Barn Woodstock, CiTi’s business accelerator and incubator. The initial...

  • LifeQ inks deal with Garmin for digital health solution

    LifeQ, the Stellenbosch-based biotech startup, is on a serious roll. In the 18 or so months since it launched globally, its technology has been used by TomTom, it's announced a partnership with US-based designer and manufacturer of semiconductor products and solutions US Analog Devices, Inc. (ADI), and now it's partnered with Garmin with the goal of developing a "connected health solution". According to a press release sent to Ventureburn, the aim of the partnership is to ensure health data generated from its wearable devices delivers on current and future high efficacy information requirements of the health insurance and corporate...

  • New 4Di Capital VC fund raises R256m

    This is very good news for the South African startup space. 4Di Capital, the Cape Town-based venture capital firm has raised R256-million for its new fund, aimed at early and growth-stage startups. According to an official blog posted on the company's website, the bulk of the money for the fund comes from MMI Holdings's recently launched Exponential division. Headed by company veteran Jaco Oosthuizen, the division's aim is to hunt out innovative entrepreneurs. To date, it's primary focus has been on potentially disruptive innovation opportunities around financial wellness globally and domestically in South Africa. In the...

  • Top startup events in South Africa, Africa you should know about this week [13/06/2016]

    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...

  • M4JAM’s mystery buyer goes public

    The past few months have been more than a little turbulent for M4JAM, the high-profile micro-jobbing startup. In March, users were told to cash out as founder Andre Hugo scrambled to find a way to save the business. The in May, it was revealed that the company had been bought out and that Hugo and his fellow co-founder Warren Venter would play no further part in the business. At the time, it was unclear who the buyers were, but we can now reveal that Informal Solutions is the company behind the acquisition. As subsidiary of DNI, Informal Solutions specialises...

  • Santam, SA Innovation Summit to host blockchain hackathon

    This is interesting. South African insurance giant Santam is set to host a 24-hour blockchain hackathon at the SA Innovation Summit, which takes place from 23 to 24 September. The hackathon will, amongst other things, investigate using a digital asset/token or currency (such as Ripple XRP or bitcoin) as a potentially cheaper payment method than conventional methods. “It is exactly this kind of forward thinking that ensures SANTAM’s success an industry leader and we’re very excited about the greater-good outcomes resulting from this hackathon for all stakeholders in the insurance industry,” said Dr Audrey Verheaghe, Chairperson of the summit. The...

  • This accelerator wants to ‘supercharge’ Somali startups

    When you think of likely spots for startup accelerators, Somaliland is pretty low down on the list. If the self-declared state is known for anything, it's trying to gain recognition as separate entity to Somalia. But if a company called Innovate Ventures has its way, the world could soon be taking Somali startups very seriously. In partnership with VC4Africa and Oxfam, the organisation this week announced the launch of The Innovate Accelerator, which will be based in Hargeisa, Somaliland. According to a press release sent to Ventureburn, the 10-week programme aims to "support and invest in the next wave...

  • Do you love startups? Ventureburn is looking for a startup writer

    Ventureburn.com is seeking a talented and driven web-savvy startup writer who is passionate about the online media and all things startups. We’re looking for someone young, dynamic and dedicated to become part of our exciting startup company based in Cape Town, on a full-time basis. Go ahead and tell your friends, family and followers. Applicants to mail their CV and cover letter to matthew@creativespark.co.za. Job detail: Writing tech-savvy news & feature stories, including conducting interviews with some of the top and emerging entrepreneurs in South Africa, as well as the rest of the continent. Subbing, headline writing Managing contributors and topics...

  • PriceCheck launches tech, ecommerce awards

    We haven't heard much from PriceCheck since it was bought out from Naspers by original founder Kevin Tucker and Silvertree Capital in November last year. That, however, looks set to change with the price comparison service launching its own ecommerce and technology awards showcase. Coinciding with the company's tenth birthday, the awards, set to run later this year, will apparently be aimed at recognising outstanding South African tech and ecommerce businesses, and contributions to the industry. According to a press release sent to Ventureburn, PriceCheck felt that the occasion of its tenth birthday represented a prudent opportunity to shed light...

  • These are FNB’s 2016 Business Innovation Awards finalists

    FNB has announced the finalists of its 2016 Business Innovation Awards, supported by Endeavor. The finalists are competing for an all-expenses-paid trip to attend the prestigious Endeavor International Selection Panel (ISP) in Boston. The awards aim to recognise true innovation excellence, whilst emphasising the importance of business scalability – a significant driver of sustainable employment opportunities. The finalists are: Trevor Wolfe and Remon Geyser of delvv.io Melvyn Lubega and Andrew Barnes of Go1 Graham Rowe and Richard Johnson of Guidepost Paul De Kock, Dennis Marketos and Paul Marketos of IsoMetrix Erik Oosthuizen and Gareth Farrow of Kliq Holdings David Shapiro and...