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Startup news

  • Exchange control less of an obstacle for startups than before – Simodisa report

    SA tech startups and those in the country's startup scene say the once dreaded exchange control is less of an obstacle than in previous years, startup advocacy body Simodisa revealed in a policy report released today. Yet while 27% of the 247 startups and those support startups who were surveyed in Simodisa's latest industry report released today (31 January) say things have improved -- a more significant 42% say things have remained unchanged. A further five percent said things had deteriorated, while 22% said they did not know whether there had been any change. A further four percent are listed as...

  • New web tool to assist SA startups with hiring and firing staff goes live

    A free-to-use web tool, which helps South African startups and small businesses with labour relations processes and matters, has gone live. The tool is a joint initiative of the Commission for Conciliation Mediation and Arbitration (CCMA) and Business Unity South Africa (Busa). It allows entrepreneurs to source information on how to recruit staff, how to manage employees and build sound workplace relationships as well as how to end an employment relationship in a fair manner. The tool also has up-to-date information on the recent amendments to employment laws and the National Minimum Wage Act, contract templates, information sheets and guides on...

  • Here are 8 accelerators, incubators African startups can apply for in 2019

    Whether your tech startup is looking to secure funding or new clients, or whether you need technical assistance developing a minimum viable product or are just looking for expert mentorship and advice -- you can never go wrong by joining an incubator or accelerator programme. African startups are increasingly getting accepted into accelerators and incubators around the world, opening them up to new markets which they would normally not have been unable to access.Moreover there are now a number of programmes that are not only based on the continent, but specifically deal with African tech startups, which makes getting accepted...

  • US edtech accelerator LearnLaunch opens applications for Breakthrough programme

    Does your edtech startup have a proven product-market fit, repeatable annual revenue of up to $250 000 and plans to enter the US market? Then you'll want to consider applying to join the next cohort of LearnLaunch Accelerator's Breakthrough programme. The Breakthrough Accelerator programme aims to assist edtech entrepreneurs to make the "next leap" in their businesses. Applications, which opened last Wednesday (23 January), are set to close on 22 February. To be considered for the programme, applicants must be at the revenue stage, with at least six months of runway as well as an experienced core operations team. Applications for LearnLaunch...

  • I spent thousands of hours, last dollar to save former company says Eran Eyal

    Former Springleap founder Eran Eyal, who faces fraud charges in the US, says he spent "thousands of hours" and "went down to his last dollars" to save a former company of his -- which is understood by Ventureburn to be Passo -- and cover employees’ salaries. Eyal, who is currently the co-CEO of retail blockchain startup Shopin and is due in court today (30 January), revealed how he struggled to keep Passo going in a blog post last week for US organisation Scored NYC, a group of business mentors. The SA entrepreneur was charged on 24 August last year by the New York...

  • TIA calls for proposals for Grassroots Innovation Programme

    The Technology Innovation Agency (TIA) is calling on South African innovators with tech solutions to local challenges to submit their proposals for tech development assistance and funding under the agency's Grassroots Innovation Programme (GIP). TIA's Sibongile Radebe, who works on the GIP team, told Ventureburn yesterday (29 January) that the agency is currently scaling up the programme following a pilot of the programme run by the Council for Scientific and Industrial Research (CSIR) between 2016 and 2018. Interested applicants must submit applications online -- or complete application forms which must be delivered to TIA House in Pretoria -- by next Friday...

  • Here are the five nominees for this year’s African Youth Energy Innovator award

    The organisers of the Africa Energy Indaba -- which takes place on 19 and 20 February at the Sandton Convention Centre in Johannesburg -- have announced the five nominees of this year's African Youth Energy Innovator award. The award is now in its third year and aims to encourage and support young energy innovators. This year, the awards will focus on innovations that are energy efficient, affordable and cost-effect with the potential to improve the lives of Africans and create jobs. This year's Africa's Youth Energy Innovator award nominees hail from Cameroon, Kenya, Tanzania, Uganda and Zambia In a statement last Thursday (24...

  • Meet the 10 startups pitching at the Startup World Cup 2019 Nigeria final

    A peer-to-peer edtech platform, an on-demand service marketplace, as well as a proptech company are among the 10 startups that will pitch at next week's Startup World Cup 2019 Nigeria regional final. The Startup World Cup is global startup pitch competition which is held by Silicon Valley based venture capital firm Fenox VC,with a $1-million dollar investment prize. The regional final will take place on Saturday 9 February at Civic Hive in Lagos. Finalists are selected at regional events held across various countries including Mauritius, South Africa and Kenya. The Mauritian and SA finals were held in November and September, respectively, while...

  • Meet the 10 startups selected to pitch at the Africa Startup Summit in Kigali

    Having received over 100 applications, the organisers of the inaugural Africa Startup Summit yesterday announced the 10 startups that have been selected to pitch at the event which takes place on 14 and 15 February in Kigali, Rwanda. The summit is being hosted by Africa Tech Summit Kigali in partnership with tech publication Disrupt Africa and will bring together stakeholders across the continent's tech startup scene. Africa Startup Summit is one of three tracks at this year's Africa Tech Summit Kigali, the other two are the Future Summit and the Creative Summit. Africa Startup Summit is one of three tracks at this...

  • Jozi’s Khula in running to win $1m after topping SA leg of Chivas Venture 2019

    SA startup Khula has come out tops at the Chivas Venture 2019 SA final in Cape Town and has won a chance to go to London to participate in Chivas Venture's accelerator programme -- and win up to $1-million in funding. The announcement was made at an event held last night at Workshop 17 in Cape Town The startup, which is based in Johannesburg, was founded by Matthew Piper (pictured above) and Karidas Tshintsholo in 2016. The duo's app helps connect small scale farmers to the formal market. Piper and Tshintsholo will in March join 19 other finalist teams from around the...

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