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News

  • Angel Fair Africa gets all-female investors panel

    Angel Fair Africa has announced its first all-female investors panel. The panel features names such as angel investor Laila Macharia, Kanini Mutooni (director of investment at USAID East Africa Trade and Investment Hub) and many others. The panel also features principal investment officer of Singularity Investments Lexi Novistske and investment director of Novastar Ventures Sapna Shah. These four heavyweights will constitute the panel on day one of the fourth Angel Fair Africa from 10-11 November 2016. A total of 20 startups and scaleups will have the opportunity to pitch in front of eager investors. Participants will also have the opportunity to network with fellow entrepreneurs...

  • Futureneers: the VC aiming to invest in, nurture startups

    South African startups will be receiving a new VC company in the form of Futureneers. The VC aims to change the way companies are invested in by also giving them guidance. According to a press release sent to Ventureburn, the VC "personally nurtures them through each phase of their business growth cycle, with the aim of scaling them in readiness for entry to international markets". It aims to fill a gap in the market where angel investors exit the invested startup and the startup in question requires additional capital and experience. "...South African investors often lack the time, knowledge and resources to screen,...

  • Digital entrepreneur? MTN has a masterclass for you

    Telecoms giant, MTN has geared its focus toward accelerating startups through their first ever Digital Entrepreneur Masterclass. The first masterclass is to be held on 27 October 2016 in Johannesburg and will equip entrepreneurs with the necessary skills and insights into running a successful digital business. "The Digital Entrepreneur Masterclass is part of MTN Business' objective of enabling SA's entrepreneurs to harness technology to compete effectively and grow sustainably," said general manager of enterprise sales at MTN Business SA, David Mphelo. "As a proudly South African company, we have stepped up our initiatives across the board to encourage innovation, build a partner ecosystem...

  • Design Innovation Seed Fund offers R6.5-million fund to Cape innovators

    Startups looking for funding can now apply to the Design Innovation Seed Fund (DISF) for a share of R6.5-million. The fund is looking for pre-revenue and innovative technologies in the agri-processing, health and bio-tech, and manufacturing sectors. The fund is open to Western Cape-based early-stage companies and SMEs, businesses in incubation, entrepreneurs and researchers. Students at tertiary institutions in the Western Cape may also apply as long as the institution does not already have intellectual property claims to the product or service. Preference will be given to businesses with at least a 25% black ownership and job creation potential. The chosen applicants will be...

  • The Sun Exchange wins at African FinTech Awards

    Crowd-lending solar energy project startup The Sun Exchange placed first in the Bitcoin & Block Exchange category at the African FinTech Awards (AFTA). Three finalists per category were given only seven minutes to pitch why their company deserved the respective award. Companies had to touch on their innovation, brand, user interface, performance and results to win the judges over. Finalists were then chosen by judges, as well as by public vote. BitPesa snagged the Public Award in the same category. The panel of judges comprised industry professionals such as the chief digital officer of Wealth Migrate, Jay Thomson; CEO of Meniga, Georg Ludviksson and CEO of Curve, Fred Baumhardt. It...

  • Bandwidth Barn launches its latest co-working space, The Basement

    One of SA's oldest accelerator and incubation hubs, the Bandwidth Barn (a CiTi operated initiative), has launched their new co-working space. The Basement, launched in partnership with Telkom, is equipped with 300Mbps internet connectivity to assist startups and entrepreneurs as well as give gamers space to call their own. "To put that into perspective for you, if we were an ISP we could provide internet connectivity to 15 000 homes," says CEO of CiTi, Ian Merrington. The fast line speed aims to connect businesses faster as well as boost gaming initiatives in SA. The two packages on offer from The Basement include one for...

  • Sw7 Tech Innovation Hub to open in JHB

    Technology accelerator Sw7 has announced it will be opening a tech innovation hub in the northern suburbs of Johannesburg. The workspace offers flexible packages for entrepreneurs and will serve up to roughly 100 members. Packages range from R1000 to R3500 per person, depending on the duration of stay and quantity of hot desks needed. Keith Jones, founder of Sw7, has over 15 years of experience in performance management and strategy execution. His experience also extends to assisting tech startups with their analytics to accelerate their growth. "Being an entrepreneur can be a lonely journey and being part of a community of like-minded people that are...

  • LaunchLab’s Knowledge Acceleration Programme now open for registration

    The Knowledge Acceleration Programme (KAP) hosted by LaunchLab has now opened its doors for registration. KAP begins on 8 November 2016 and will take place twice a week during the evening at Nedbank's Stellenbosch University LaunchLab. The entrepreneurial development programme is designed to equip aspiring entrepreneurs with business planning and management skills. More specifically, key learning outcomes for participants will be: How to manage cash-flow as well as profit and loss Estimation and pricing How to design competitive business models Understanding and developing a successful marketing strategy and planning skills How to identify viable business opportunities LaunchLab has opened registration for their Knowledge...

  • Thomson Reuters Lab launches at Bandwidth Barn in Cape Town

    Mass media firm Thomson Reuters has Friday announced the launch of its Thomson Reuters Labs at the Bandwidth Barn in Woodstock, Cape Town. The company notes that the Labs will "engage with the region’s vibrant innovation ecosystem and dynamic startup community to fuel growth and empower success for Thomson Reuters customers worldwide". According to the press release, the Lab will have two primary functions, namely innovation and partnership. "Thomson Reuters Labs is an engine of innovation for our company, leveraging creative partnerships to deliver real solutions for our customers," explains the company's VP for Thomson Reuters Labs, Mona Vernon. "Through our growing Labs...

  • Medical insurance startup InukaPap wins Seedstars World in Kenya

    Medical insurance platform, InukaPap, was selected as the winner for Seedstars World in Kenya. The pitching competition took place on 7 October. InukaPap will represent Kenya in the Seedstars World final taking place in April 2017 in Switzerland. They will compete against 60 other startups from around the world for the chance to win up to US$1-million in equity investment. Second place was awarded to road maintenance startup Mobilized Construction, which uses local labour to build climate-resistant roads. The final place in the top three went to Ujuzi Software Solutions Ltd, a company that AML solutions for all segments. The other contestants consisted of Lakt co, OptiSmart...