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Startup news

  • Here are the 40 entrepreneurs that will take part in Vusi Thembekwayo initiative

    Venture capitalist Vusi Thembekwayo has selected South Africa’s #Top40 entrepreneurs who will undergo an 18-month mentorship programme. The programme is hosted by Thembekwayo's MyGrowthFund, which aims to nurture high-growth entrepreneurs through funding, incubation and enterprise development. The #Top40 entrepreneurs were selected from almost 3000 SMEs who applied for the programme earlier this year, Thembekwayo said in a press release today. “The volume and quality of applications is a reflection that entrepreneurship is alive and thriving in South Africa," he said. The 40 include those running businesses that turn over as little as R1-million a year, to those that have an annual turnover of R39-million annually. The SMEs...

  • SA startup ThisIsMe selected to take part in Gartner’s Innovation programme

    Fintech startup ThisIsMe has been selected to participate in this year’s Gartner’s Innovation Programme which takes place in Cape Town from tomorrow and runs until Thursday (19 to 21 September). The programme forms part of the GartnerSymposium ITxpo, one of the world's most important gatherings of chief information officers (CIOs) and senior IT executives which showcases the latest solutions from key technology providers. The event takes place at the Cape Town International Convention Centre. ThisIsMe will participate in Gartner's Innovation Programme, which forms part of the GartnerSymposium ITxpo ThisIsMe enables businesses to reduce fraud, automate FICA and KYC checks, improve onboarding and increase revenue while providing...

  • Solar energy developer Phanes Group opens call for solar power incubator

    Phanes Group, a Dubai-based solar energy developer, has opened calls for applications to its solar power incubator programme aimed at early-stage solar energy startups working with photovoltaic (PV) technology in sub-Saharan Africa. The incubator is run in partnership with Solarplaza, Hogan Lovells, Proparco, Responsibility and RINA Consulting. It aims to assist early stage solar energy startups with access to funding, commercial and technical training as well as to equip them with insights on how to succeed in their current and future projects. Applications are open to developers with solar projects in sub-Saharan Africa focusing on photovoltaic technology. Projects must have the capacity to...

  • German accelerator F-LANE releases names of African startups for 2nd cohort

    Two startups from Africa are among five teams selected by Berlin-based accelerator F-LANE to attend the next cohort of its acceleration programme which starts next month. The six-week accelerator programme for social ventures, which is backed by the Vodafone Institute, will kick off on 9 October in Berlin. In an emailed announcement to Ventureburn, F-LANE's Gabriele Scheibert told Ventureburn that Ugandan telemedicine hub Kaaro Health and Mozambique's Mowoza, which aims to use the Blockchain to create digital retail communities for women-owned micro enterprises, are among the five teams selected for the accelerator's latest cohort. Ugandan telemedicine hub Kaaro Health and Mozambique's Mowoza will participate in F-LANE's next cohort She said the five were...

  • Israeli tech deal flow ‘mind boggling’ says StartUp Tel Aviv SA Challenge winner

    Tel Aviv's startup ecosystem has blown away local entrepreneur Nish Singh who earlier this month attended DLD Tel Aviv Innovation Festival. "The ecosystem there is warm and open, the tempo is fast and the deal flow is mind boggling," says Singh, who is the co-founder and COO of Multifractal Semiconductors, a Pretoria-based startup that develops computer chips. Singh and fellow co-founder Piotr Osuch traveled to Israel from 3 to 7 September to attend the festival after the startup was earlier this year selected as one of the winners of the StartUp Tel Aviv SA Challenge. The startup was one of 15 startups from Africa, Europe and Asia -- chosen from...

  • TIA seed fund lending to innovators, entrepreneurs grows 12% to R74m

    The Technology Innovation Agency (TIA) channeled R74.3-million in the last financial year to 133 innovative projects -- up from R66.5-million in the 2015/16 year -- through its seed fund, the agency revealed in its latest annual report. The seed fund, which the agency launched in 2013, provides entrepreneurs and innovators that develop innovative solutions with grant funding of up to R500 000 to R650 000 per project. The fund has two streams – one that channels seed funding through technology transfer centres at universities and science centres to innovative projects and another that works with a number of small business support organisations in provinces...

  • SA fintech company Electrum selected for Gartner Aspiring Innovators Programme

    South African fintech company Electrum, which specialises in payments technology, has been selected to participate in the Gartner Aspiring Innovators Programme. The programme aims is to highlight innovative providers of enterprise technology to attendees of the Gartner Symposium/ITxpo Africa 2017, which is being held in Cape Town from Monday to Thursday next week (18 to 21 September 2017). Over 1000 chief information officers and senior IT executives from around the world are expected to attend. In a press release today Dave Glass (pictured above), managing director of Electrum, said he is "thrilled" to be participating in the programme. "The selection by Gartner demonstrates the interest and demand...

  • Is Durban man’s Airwater solution to Cape Town’s drought really that water-tight?

    It sounds like a breakthrough solution – producing water from condensation in the air. But in his bid to solve Cape Town’s water crisis, a Durban man could be knowingly wasting thousands of litres of water. Airwater CEO Ray de Vries has in recent weeks appeared on television talk shows and in newspaper articles warning that if the water crisis is not tackled Cape Town will be "dry by Christmas", while punting his machines that he claims can provide a sustainable water solution to everyone from offices and restaurants to car-wash services. De Vries, the former marketing manager for the country's Dusi Canoe Marathon,...

  • France bound: Five SA startups selected for the 2017 Young Enterprise Initiative

    Five South African tech startups have been selected to travel to France for the week-long Young Enterprise Initiative acceleration programme which takes place this November. Romain Petit, innovation manager at the French Embassy in South Africa, told Ventureburn that the five will leave for France in the week of 13 November. During this time they will spend two and a half days in Paris attending training and business to business-to-business (B2B) meetings. Thereafter, they will be assigned a partner incubator which will assist them on finding the right partners for research and development. Read more: Is seven days enough time for startups to be...

  • Chivas Regal calls on entrepreneurs to distill their ideas in a $1-million pitch

    Keen on taking a shot at a share of $1-million in funding? Whisky brand Chivas Regal is calling on South African entrepreneurs to apply for its global pitching competition The Chivas Venture 2018. One entrepreneur will be selected from each of the participating 29 countries to take part in an accelerator programme early next year after which over the course of three weeks of online voting, the public will decide which entrepreneur gets the first allocation of $200 000, Chivas Regal said in a press release today. Applications for The Chivas Venture 2018 close on 29 October The South African finalist will be...