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Startup news

  • Premier news site Daily Maverick offers qualifying startups free advertising

    At a time when many online newsrooms are shuttering their content behind paywalls in the wake of trickling advertising revenues, one of South Africa's premier news sites, Daily Maverick (DM), is launching free advertising packages for qualifying businesses. Following a successful trial period, Daily Maverick is launching the initiative with the aim of helping small ventures get more exposure. While digital marketing is accessible to large businesses, small businesses are often cash-strapped...

  • 88mph calls on local investors to back 2014 fund, before heading overseas

    88mph has had a busy year so far closing up its 2013 Cape Town programme, but the startup accelerator is showing no signs of slowing down as it now turns its attention to next year. The priority is to begin fundraising for the 2014 fund, and the mobile-web centric programme wants local investors to get involved before it heads off overseas on 23 June to search for international investors. The ticket size is US$15 000 to US$100 000. It might not be a lot of time, but 88mph has some impressive numbers to back up its performance. US$2-million has been committed...

  • iRokoTV set to launch a Nollywood DVD collection in SA

    If something is really good online, chances are it will find its way offline soon enough and that's what the team at iRokoTV is looking to do with its latest offering. The Nigerian online movie streaming site is launching a new Nigerian movie DVD collection. iROKOtv is the world’s largest online distributor of Nigerian movies, boasting a catalogue of over 5 000 titles. This new venture is the company's attempt to enter into the DVD market in order to reach the millions of Nigerian movie fans who do not have access to the internet. Nigeria’s movie industry, colloquially known...

  • HumanWrit.es: the notebook company helping underprivileged kids

    This is pretty cool. Social innovation startup HumanWrit.es, which donates 10 exercise books to classrooms of school children in need for every one of its Writable notebooks sold, has released a video showing its most recent donation delivery. The most recent donation of 20 000 exercise books were delivered to over 200 pre-schools that form part of the Ithemba Labantwana community forum, operated under the umbrella of Ikamva Labantu, the company's partner organization. The give-away exercise books include tools for reading and writing in both Xhosa and English, drawing and colouring-in, some basic maths and dotted pages for free thinking,...

  • Big publishing dreams for Snapplify with SPi Global partnership

    Popular mobile digital publishing solutions provider Snapplify has announced a global partnership with SPi Global, a global digital and epublishing service provider to content owners and publishers. Snapplify launched in 2011 at the Frankfurt Book Fair and has seen some major successes in the last few years with multiple partners in Kenya, Nigeria, Zimbabwe, the US and UK. According to the startup, "after the launch of the first iPad, a highly successful new generation new generation of app developers for tablet and smartphone platforms are rapidly going global, and they’re using partnerships to further accelerate their expansion". "We've established a...

  • Malaysian startup iMoney seeks to expand after securing US$500 000

    Malaysian startup iMoney has received US$500 000 in funding from Asia Venture Group (AVG). iMoney is a financial advisory and banking service comparison app and seeks "to change the financial landscape in South East Asia." iMoney is a financial package comparison site. It allows you to compare banking services and products available on the market. These services include comparisons and application of financial products like mortgages, personal loans and credit cards. The point...

  • Knife Capital launches new Accelerator for post-revenue startups

    I can't say this surprises me. South African growth equity fund manager Knife Capital has launched a later-stage business accelerator in Cape Town. Knife Capital manages Mark Shuttleworth’s HBD Venture Capital's South African portfolio of investments and was named the South African venture capitalist of the Year in 2012 and 2013 by Acquisition International Magazine. The news comes from this year's Global Forum on Innovation and Technology Entrepreneurship currently taking in place in South Africa. According to Knife, the point of the programme is to "assist post-revenue high-growth technology enabled SMEs to become sustainable and fundable". Acceleration programmes and startup competitions are...

  • 5 top startups emerge from the Global Forum

    Entrepreneurs are important. They help drive economies by creating jobs and their disruption of industries can help push innovation forward. Giving them a helping hand is therefore pretty important, which is what the Global Forum, currently taking place in East London, South Africa is all about. And now, Ventureburn can reveal the top five startups from the event's Dragons' Den contest. The winners, selected from the top 20 we wrote about recently,...

  • GoMetro launches in Eastern Cape, brings relief to commuters

    As promised, GoMetro is rolling out its traveller information system to railway commuters in the Eastern Cape. The Cape Town startup has a partnered with Metrorail Eastern Cape to become a digital resource for the 40 000 train users of East London and Port Elizabeth. GoMetro's service delivers train schedules, updates, announcements and other important information to commuters' mobile phones. Commuters can also access a trip planner, fare calculator as well as general...

  • Africa’s most promising entrepreneurs get special fundraising opportunity

    Venture Capital for Africa (VC4Africa), the large African entrepreneur and investor community, launched an opportunity for promising African entrepreneurs to raise capital. Entrepreneurs selected to be a part of VC4Africa's June 2013 Cohort will receive three months of targeted coaching, personal introductions to angel investors and principals at key investment firms. Application closes Wednesday 12 June and selected entrepreneurs will be announced on Wednesday 19 June. Entrepreneurs who apply must have a solid...