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Startup news

  • Cryptocurrencies won’t see adoption like credit cards did – Hannes Van Rensburg

    It's a been a torrid week for bitcoin and other cryptocurrencies, following China's decision on Monday to ban all initial coin offerings. Now former South African entrepreneur Hannes van Rensburg has entered the fray by questioning the sustainability of cryptocurrencies for wider use by consumers. Van Rensburg in 2011 sold his payments platform Fundamo to Visa six years ago for $110-million. Speaking at a StartupGrind Cape Town event at the Cape Town Stadium last night, he said cryptocurrrencies that utilise the blockchain won't see the same kind of adoption as credit or debit cards because of the impracticalities of settling payments on the blockchain. “The way that cryptocurrency has...

  • I’M IN Accelerator finally under way, here are the startups in the first cohort

    After a short delay in finalising applications, IDF Capital's I’M IN Accelerator has kicked off with 10 startups having been selected, IDF Capital executive director Polo Leteka told Ventureburn. The programme aimed at building high growth black-owned tech startups. The three-month long programme kicked off this month and participants are currently undergoing a needs analysis and assistance in developing a growth strategy. I'M IN Accelerator will offer seed funding of between R150 000 and R160 000, in exchange participating startups will give up between 1.25% and 6% equity stake The programme includes two rounds of funding. In the first round participants will receive a minimum of R150 000 and each...

  • Female-only YHER Accelerator to offer participants two prizes of $20 000 each

    Australian accelerator Spark* has opened applications for YHER , a week-long Johannesburg-based acceleration programme aimed at female entrepreneurs in Africa which it aims to launch in November. The first cohort of 15 female founders of early-stage startups from across the continent will take participate in the accelerator programme which will take place between 11 and 17 November in Johannesburg. Two prizes, each of $25 000 Australian dollars ($20 000), will be awarded to participants during the programme. To qualify interested applicants must be running an early-stage startup and be developing solutions that improve the lives of women and girls living in poverty, and must have gained traction...

  • #cocreate2ACCELERATE announces deal between SA startup Santerno, MEDx

    South African startup Santerno Health & Wellness has signed an agreement to partner with Dutch healthtech startup MEDx eHealthCenter on a healthtech pilot, Duthc initiative #cocreate2ACCELERATE announced in a press release today. The partnership is the first tangible outcome of the #cocreate2ACCELERATE programme, an initiative of the Dutch Consul in South Africa which aims to link Dutch and SA startups. Read more: Dutch consulate announces names of startups for #cocreate2ACCELERATE 2017 The pilot aims to demonstrate how the MEDx Care integrated health technology can make a difference in the simplification of health processes. “We are excited about the partnership between Santerno and MEDx. Both organisations share the common belief...

  • Adapt or be disrupted, Ran Neu-Ner implores business at Innovation Summit

    Business must adapt or risk being disrupted, marketer and Creative Council group Co-CEO Ran Neu-Ner, told delegates at a Cape Town conference. Speaking at the Innovation Summit at the Cape Town Stadium which kicked off today and runs until Friday, Neu-Ner said all businesses will need to move away from what they presently define themselves as doing and move to become data firms -- if they are to prosper in the future economy. He singles out the example of a recent Nike's sports app: "They got a 100 million users in three months because they started to say 'we're a data...

  • Here’s what you need to know before you apply to Propella’s incubator programme

    Are you running a tech startup in or near Port Elizabeth? Looking to get into an incubation programme? Here's what you need to know about the Propella's business incubator programme. Propella was launched in 2015 through a partnership by business support company Engeli Enterprise Development and Nelson Mandela University owned commercial company Innovolve in an effort to develop tech startups in Nelson Mandela Bay. Propella provides support for startups working in ICT, renewable energy, smart city solutions, energy efficiency and advanced manufacturing sectors Grant Minnie, the senior industrial advisor at Propella, told Ventureburn that startups interested in joining the accelerator need to be aware of the...

  • Google expands intake for new Launchpad Accelerator cohort to 10 African nations

    Google’s Launchpad Accelerator has opened applications for its next cohort -- and has added seven more African countries to the three countries it initially targeted when it first began including startups from the continent earlier this year. When the programme began targeting Africa in May it took applications only from startups based in Kenya, Nigeria and South Africa. In the new cohort startups from Algeria, Egypt, Ghana, Morocco, Tanzania, Tunisia, and Uganda will also be eligible to apply. Read more: JUMO first SA startup to be selected for Google Launchpad Accelerator The announcement was made by the Launchpad Programme's global lead Roy Glasberg last week Thursday, 31 August. Launchpad is...

  • Czech accelerator lures startups in with ‘cheap beer, beautiful girls, clever boys’

    Long-running Czech accelerator JIC STARCUBE is promising 10 startup teams from around the world the chance to hang out in "stylish" bars, enjoy "incredibly cheap" beer and meet "clever boys and beautiful girls". "Brno is an amazing city with stylish bars (New Yorker says here) incredibly cheap bear (half a litre for one dollar!), clever boys and beautiful girls! (sic)" Martina Pouchlá, a public relations specialist told Ventureburn in an email sent out with a press release announcing the call for its ninth cohort. The accelerator, run by innovation agency JIC, says entrepreneurs from all over the world, who have tech projects, are invited to apply. The deadline is the end of next...

  • Six finalists stand chance to each win R500 000 in SAMIP Innovation Challenge

    Newly launched South Africa Media Innovation Program has opened a call for applications for its SAMIP Innovation Challenge, in which up to six finalists will each win a cash prize of up to R500 000. The Media Development Investment Fund (MDIF) with support from Open Society Foundation of South Africa and philanthropic investment firm Omidyar Network on Tuesday (29 August) launched the South Africa Media Innovation Program (SAMIP). The programme, which is part of a three-year $4-million partnership, aims to promote innovation in the media industry by funding the development of new and sustainable business models with diverse revenue streams, promoting new approaches to...

  • Six legal obligations to consider before joining Startupbootcamp Cape Town

    Startupbootcamp Cape Town’s acceleration programme kicks off this Monday (4 September). There is big money involved, with participants getting up to €450 000 in benefits from the programme in exchange for an eight percent equity stake. So what are the kind of legal nitty-gritties behind joining a global accelerator’s programme. Startupbootcamp Cape Town co-managing director Zachariah George together with Juliette Thirsk and Shelley Mackay-Davidson of Brevity Law explain the agreement to Ventureburn (the same agreement that all 10 participating startups last month signed with the accelerator). Read more: Startupbootcamp receives 518 applications for first Cape accelerator Here are six legal issues a participant on Startupbootcamp should consider before joining...