• BURN MEDIA
    • Memeburn
      Tech-savvy insight and analysis
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Motorburn
      Because cars are gadgets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!

Startup news

  • Google’s Launchpad Start to empower African SMEs

    Internet giant, Google has opened applications for its Launchpad Start programme which aims to empower innovative SMEs. The week-long bootcamp will see 20 startups participating in the programme, taking place in partnership with JoziHub from 27 to 31 March 2017. The Launchpad programme will focus on various subjects including UX and UI, product strategy, technology, business development, marketing and presentation skills. Each day of the programme will focus on a different subject and will include one-on-one mentorship, presentations and various amount of technical work. According to Google, there will be no fee for startups selected to be a part of Launchpad Start. Google...

  • Fintech Innovation Africa roadshow to kick off in Cape Town

    One of SA's largest accelerators, Sw7, in partnership with the law firm, Webber Wentzel, will launch their roadshow, known as the Fintech Innovation Africa. The roadshow will launch in both Cape Town and Johannesburg during the week of 27 February 2017. "Innotribe’s Startup Challenge for Africa plays an important role in finding the continent’s most exciting young companies, bringing them together with the financial sector," said the head of Middle East, Turkey and Africa at SWIFT, Sido Bestani in a press release to Ventureburn. Fintech Innovation Africa will act as a runway event for the SWIFT Innotribe Startup Challenge which will be held...

  • Applications now open for Anzisha Prize youth entrepreneurs awards

    Applications for the Anzisha Prize, an award celebrating Youth Entrepreneurs who've made their mark on SA, are now open. It was established by the African Leadership Academy (ALA) along with the Mastercard Foundation. 15 entrepreneurs between the ages of 15 and 22 will have the opportunity to win a share of US$100 000 and receive ongoing consulting services as well as access to a network of global leaders. "Finalists for the Prize win far more than access to a share of the pool of US$100,000 in prize money, they also access a business incubation fellowship aimed at growing their business and supporting...

  • FarmDrive receives investment from the Spark Venture Fund

    Agricultural fintech startup, FarmDrive announced an undisclosed investment amount from Safaricom's Spark Venture Fund. The financial boost from the fund will go toward supporting their next scaling opportunity by building FarmDrive's credit-scoring model. It will also be used to enhance the HR base within analysis, research, and insight generation. "In an era when market uncertainty is creating new challenges for the agricultural sector, mobile-based technology solutions like FarmDrive can empower farmers with the critical access to finance and to help expand their access to other essential services," said Safaricom's CEP, Bob Collymore in a press release. FarmDrive aims to provide smallholder farmers with...

  • Wits Campus Personal Navigator Challenge now open

    The Wits Campus Personal Navigator Challenge is now accepting applications for the first of an annual series of four challenges. It is lead by the Johannesburg Centre for Software Engineering (JCSE) with sponsorship from the Carl and Emily Fuchs Foundation (CEFF). The Personal Navigator Challenge will focus on ways to help students with visual and physical disabilities move around their campuses. Those entering will also be assisted in transforming their idea into a viable startup. It will have approximately over 100 entrants benefitting from further training as well as the opportunity to participate in a weekend-long hackathon. The top 10 participants will receive a three-month membership in the Tshimologong...

  • Gambian Youth Empowerment project to tackle youth unemployment

    The European Union (EU), the International Trade Centre (ITC), and the Gambian government, have teamed up to launch an initiative to combat youth unemployment in Gambia. The Gambian Youth Empowerment project is a four-year initiative that benefits from €11-million from the EU Emergency Trust Fund for Africa. The programme will aim to support the local Gambian economy by firstly enhancing the self-employment opportunities for youth through vocational training, as well as the creation of SMEs. Secondly, the programme will create and improve opportunities for employment within various sectors through value addition and internationalisation. The Gambian Youth Empowerment programme aims on providing youth with opportunities within...

  • University of Johannesburg to debut its own business incubator

    The University of Johannesburg (UJ) has announced a new incubator which will aim to empower its students and create thousands of youth-driven businesses within the tech sector. The programme was established in partnership with the Finnish University of Applied Science, Laurea. The university based in the Uusimaa region of Finland is known for boosting entrepreneurship among the youth through their EER entrepreneurial ecosystem programme. "We want to see our students and other young people start businesses valuable to the economy. We want them to create jobs and grow local economies rather than to be looking for employment," said UJ's VC, Ihron Rensburg. "Obviously...

  • SA sports scale-up achieves self-exit from VC

    A scale-up developer of ball tracking in sports, FlightScope, has bought itself out from its VC partner. In 2006, HBD Venture Capital, which is owned by Mark Shuttleworth and managed by VC firm Knife Capital, became a funding partner for the company. "We saw tremendous potential in applying world-class technology to bridge the gap between the passion and science of sports," said CEO of Knife Capital Eben van Heerden in a press release to Ventureburn. When Ventureburn asked a Knife Capital representative about the deal, they said the amount of the exit could not be disclosed, though they did receive a desired ROI. A clause...

  • BitPesa closes Series A round to value of $2.5-million

    On 30 January, payments platform, BitPesa announced the completion of a Series A round of funding to the value of US$2.5-million. The Series A funding round was led by the US-based Draper VC along with the participation from a new shareholder, Greycroft Partners. Other participants in the funding round consisted of existing investors, Digital Currency Group, Pantera Capital Management, BnkToTheFuture, FuturePerfectVC as well as Blockchain Capital and Zephyr Acorn. "We are delighted to welcome our new investors, all who have a deep knowledge of our region and an expertise in the payment sector," said CEO of Bitpesa, Elizabeth Rossiello, when speaking on the funding round...

  • The Innotribe Startup Challenge comes to Africa, applications open

    SWIFT's Innotribe Startup Challenge will be returning to African shores on 16 to 18 May. It will be held at the African Regional Conference (ARC), which will take place in Abidjan, Ivory Coast. Innotribe will select 10 startups to take part in their programme. Along with the opportunity to showcase their innovative solutions and products during ARC, the startups will also receive coaching and mentoring prior to the event. Working together with VCs, industry experts, angel investors, and banking representatives, Innotribe will be relying on their proficiency to help select the startups. During the presentations, the audience will nominate three finalists, automatically...