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Startup news

  • Dell ranks Johannesburg 28th out of 50 in support of women entrepreneurs

    Computer company Dell has ranked Johannesburg 28th out of 50 global cities in fostering high-potential women entrepreneurs, in its 2017 Women Entrepreneur Cities Index (WE Cities). The latest index, which was released last month, places Johannesburg ahead of cities such as Seoul, São Paulo, Kuala Lumpur, Barcelona, Tokyo and Dublin. However the South African city has slid from its position at 23rd in the 2016 study, which Dell said is reflective of tougher market conditions. Dell explained that the 2016 and 2017 studies differ in several ways, including the total number of cities, number of indicators and the weight of indicators based on new data sources....

  • 18 SA tech firms to meet with Silicon Valley’s Indus Entrepreneurs Global

    Tech founders from 18 South African startups and companies are hoping to get some valuable networking done this morning as they rub shoulders with some top professionals from Silicon Valley in a meetup held in Cape Town by the Indus Entrepreneurs (TiE) Global. The event will be held at the Table Bay Hotel in Cape Town's V&A Waterfront. In a press release, Vuyisa Qabaka of Entrepreneur Traction -- which is facilitating the meetup -- said the event has been fashioned as a one-day bootcamp by TiE. Local tech founders would be able to undergo one-on-one mentorship with global leaders, while panel discussions would be...

  • 10 digital nomads to jet into Cape Town to promote city as remote worker hotspot

    Ten digital nomads and startups from London will jet into Cape Town for a week in October, in an initiative aimed at promoting the African city as a digital nomad destination. The initiative – Swap London for Cape Town – is being sponsored by Wesgro, the Western Cape province’s investment agency and is run by Co Working Days. During their stay the 10 will attend the Digital Disruption Think Tank hosted by Wesgro and scheduled for 20 October. Co Working Days founder Simon Lewis told Ventureburn in an email that the 10 will spend seven days in the city. They are expected to arrive...

  • SA drone startup Aerobotics secures R8m in funding from 4Di, Savannah Fund

    Aerial data-analytics specialist Aerobotics has secured a joint R8-million seed-funding round from South African venture capital company 4Di Capital and the Savannah Fund in Kenya. In a press release today, Aerobotics co-founder James Paterson (pictured above, right with fellow co-founder Benji Meltzer) said the cash injection will be used to expand Aerobotics’ sales and marketing capabilities. Aerobotics has built a solid client base of farmers and agricultural consultants in South Africa and the rest of the continent, as well as in Australia and the UK and Patterson added that the startup is currently working on finalising a number of pilot projects with large agricultural, finance...

  • Over 500 girls trained in SA through Technovation programme

    Technovation, a global technology programme, has helped train over 10 000 girls in 78 countries, including over 500 from South Africa, since its launch seven years ago. The Technovation programme, which is run globally by non-profit organisation Iridescent was launched in South Africa in 2013, aims to teach young women to create mobile apps that solve challenges facing their communities through a 12-week online programme. As part of the course, participants receive crucial skills for tech entrepreneurship, including training in pitching, marketing, pitch decks and business plans. After receiving training the girls are assisted in building their own apps as part of the...

  • Is seven days enough time for startups to be on YEI’s accelerator programme?

    Is seven days enough time for startups to network, learn and secure investment while on an international accelerator programme? This is the question South African business people that took part in a recent accelerator programme in France asked. With just under a week left before the deadline for this year’s Young Enterprise Initiative (YEI) Ventureburn looked at three startups that participated in YEI South Africa 2016 and how they benefited from the week-long programme. Read more: TIA-backed startups have two weeks left to apply for Young Enterprise Initiative This is the second year the programme will be running in South Africa. The initiative is run by the French Embassy...

  • More than 30 sign-ups to Uprise.Africa SA’s first equity crowdfunding site

    Over 30 investees and investors have signed up to Uprise.Africa, South Africa’s first equity crowdfunding platform, since its landing page went live on Friday, the platform’s founder Patrick Schofield said today. A soft launch for the platform took place at a panel discussion held by Moneyweb. Schofield, who is also the founder of donations based crowdfunding site ThundaFund.com, told Ventureburn today that the platform is looking to go live in October with six deals. However, he added that this was dependent on the Financial Services Board (FSB) approving the platform’s current structure. The idea is that deals on the platform would first be approved...

  • SA should learn from Silicon Valley sexual harassment says SweepSouth founder

    South African startups and those that help entrepreneurs should learn from the sexual harrasment exposes that have rocked Silicon Valley recently, says SweepSouth founder Aisha Pandor. Speaking at a Heavy Chef Startup Nation event a Workshop 17 in Cape Town last night, Pandor (pictured above, right with Michael Deon the founder of Augmentors Game on the left and Fred Roed, the founder of Heavy Chef) said a three-month stint in 2015 working in Silicon Valley taught her a lot on entrepreneurship, including a few negative lessons. “We also learnt what not to do as a start-up,” she added. SA should use case of David McClure as lesson on sexual harassment stresses Aisha Pandor Read...

  • Google Launchpad to provide over $3m to more than 60 African startups – CEO

    Google will provide more than $3-million in equity-free funding, mentorship, working space and access to expert advisers to more than 60 African startups over three years, the company's CEO Sundar Pichai said in Lagos, Nigeria yesterday. Pichai said the initiative will be based on Google's global Launchpad Accelerator programme. He added that intensive three-month programmes, held twice per year, will run out of a new Google Launchpad Space in Lagos — the first time the programme will be located outside of the US. In addition he announced that Google's charitable arm, Google.org, is committing $20-million over the next five years to non-profits that are working...

  • Startupbootcamp receives 518 applications for first Cape accelerator

    Startupbootcamp has received 518 applications for its inaugural Startupbootcamp accelerator programme in Cape Town. Benjamin Caine, scouting manager at Startupbootcamp Africa, said in an email that the organisation is in the process of selecting the final 10 teams from the 518 applications received. Caine did not say immediately when the 10 would be announced. The accelerator will be looking for tech startups operating in blockchain, connected devices, payment solutions, asset management, ecommerce, alternative financing, identity management, data and behavioural analytics, digital connectivity, enabling technologies and integrated supply chains. The three-month accelerator programme will begin in Cape Town on 4 September and will conclude with...