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Startup news

  • Unicef Innovation Fund opens call for VR and AR startups to join its latest cohort

    An innovation fund of the UN Children’s Fund, Unicef has opened a call for startups developing virtual reality (VR) and augmented reality (AR) tech to apply for its next cohort by 17 September. The Unicef Innovation Fund is offering equity-free seed funding of between $50 000 and $90 000 to promising startups from around the world developing virtual reality (VR) and augmented reality (AR) applications that have the potential to significantly improve children’s lives. Unicef Innovation Fund will offer selected startups equity-free funding of up to $90 000 To qualify, startups should be registered private companies in one of the Unicef's programme countries and have...

  • HealthTech app, platform builders face legal hurdles in SA, hear delegates

    HealthTech app and platform developers in South Africa are being held back by rules and regulations, which has seen at least one locally developed platform shift its focus to Kenya, delegates heard at a healthtech seminar held in Cape Town yesterday. The seminar was hosted by law firm Bowmans and venture capital company Havaic at Bowman’s offices in the city. Neurosurgeon David Roytowski, who is based at Tygerberg Hospital, noted that patients have become more willing than before to accept health-care advice via digital platforms rather than by way of face-to-face advice. But he pointed out that health-care legislation in South Africa remains a major...

  • Work with startups or become redundant says Startupbootcamp InsurTech head

    If insurers don't embrace startups they could find themselves in trouble cautions Startupbootcamp InsurTech global managing director Sabine VanderLinden. VanderLinden (pictured above, centre) was speaking at a networking event held last night by Startupbootcamp InsurTech, following the Cape Town leg of the organisation's InsurTech FastTrack. She said some insurers fear that startups might disrupt their companies and make them redundant. She pointed out an example of startup companies that were opting to work with retailers and not insurers. “Startups with platform-based solutions may do that (make insurers redundant), some are ready to go to market. Some of these startups may decide to become insurers themselves, corporates are going to...

  • You don’t need to be super wealthy high net individual to be an angel investor

    The outlook for the South African economy may be grim. The Reserve Bank forecasts that the economy will grow at just 0.5% this year. Yet the one thing that looks hot right now is the tech startup sector. While the number of investors taking advantage of a new tax incentive has picked up of late, a whole list of SA startups have recently been acquired by foreign companies, bringing healthy returns to investors. Read more: Investors clamouring for 12J VC incentive following tax hike – fund managers Read more: Are these the 10 all-time biggest exit deals for SA startups? And you don't...

  • XTC 2018 deadline extended to 31 August

    Tech entrepreneurship contest the Extreme Tech Challenge (XTC) has announced an extension of the application deadline to 31 August. Tech startups interested in entering the fourth annual edition of the contest will have two more weeks to apply, the initial application date was set for Tuesday this week (15 August). In a press release, the organisers said the deadline had been extended because a record number of applications had been submitted. XTC now in its fourth annual year, will see the top ten entrepreneurs showcase their startups at CES Las Vegas The challenge is headed by entrepreneur Richard Branson and Consumer Technology Association...

  • How proposed changes in Copyright Amendment Bill will affect tech startups

    If you run or own a technology company you should sit up and take note of the proposed changes to the current South African Copyright Act, as proposed by the 2017 Copyright Amendment Bill. Copyright laws provide the legal vehicle for protecting and monetising your technology, particularly the rights in computer programs, applications, source code and the like. These rights arise automatically on creation -- you don't need to register the copyright in South Africa. Thus, if carefully managed, copyright can be an efficient and cost-effective tool to gain a competitive advantage, generate royalties and pursue infringers (for example someone who copies your...

  • Accelerator programme In2Korea launches second call for foreign startups

    The Korean government has launched yet another acceleration programme to lure foreign startups to the Asian country. The latest, In2Korea, aims to assist foreign startups relocate to Korea. The programme is run by Korea's National IT Industry Promotion Agency (NIPA), which last Thursday launched a second call for applications -- to all tech startups with a minimum viable product that are keen on developing their business in Korea. Only 30 spots are available. Applications will be accepted on a rolling basis until December. Startups selected won't need to give away equity and can get mentorship, office space in a startup campus in Pangyo near Gangnam and assistance obtaining a...

  • SA accelerator for black startups I’M IN tight-lipped on selection of first cohort [updated]

    I'M IN -- a new South African accelerator programme run by IDF Capital and aimed at black tech startups is preparing to get under way, but organisers remain tight-lipped on how many startups have been selected and on releasing the names of those selected. While Bernard Moshabane, the programme director at I’M IN Accelerator, said the programme opened a public call for applications earlier on in the year, he would not divulge any information about the programme. While a story earlier this month by local website SME South Africa mentions that three startups have been selected to join the programme’s first cohort, Moshabane did...

  • Want to run a Startup Grind chapter? New Cape director Sandras Phiri tells how

    Anyone, anywhere in the world can launch a Startup Grind chapter. But many close within months of launching. The key is to get your monthly event to become financially sustainable, says new Startup Grind Cape Town director Sandras Phiri. "The thing to consider is why are you doing it? If you're doing it just to make money, you're going to be super frustrated, you're going to quit… if you're doing it to help the community, to help entrepreneurs you're more likely to succeed," says Phiri, who takes over from current Cape Town chapter director Guillaume De Smedt next month. Zambian-born Phiri...

  • One week left to apply for World Food Progamme Innovation Accelerator

    Social enterprise startups from around the world with innovative solutions to takcle world hunger have until midnight (central European time) on 21 August to apply to join the World Food Programme (WFP) Innovation Accelerator in Munich, Germany. Those that this miss the deadline will however have their applications considered for future rounds of the programme. The accelerator is looking for solution-driven startups and submissions will be judged on how applicants are able to solve the problems they purport to focus on. Applicants from past cohorts have submitted applications such as satellite based asset monitoring systems, ecommerce platforms and eLearning. WFP Innovation Accelerator consultant Alex Sloan told...