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Startup news

  • SBC Africa calls for last applications to Cape Town accelerator

    Ahead of tomorrow's deadline for applications to its Cape Town accelerator, Startupbootcamp Africa (SBC) managing director Philip Kiracofe has called on startups to apply to the three-month programme. "The deadline is midnight on Thursday, please apply, it takes 15 minutes to apply," said Kiracofe, speaking yesterday (22 May) on the sidelines of Startupbootcamp (SBC) Africa's final pitching event before tomorrow's deadline for applications. The event -- the Cape Town FastTrack -- was held at Old Mutual's offices in Pinelands, Cape Town. Kiracofe said the FastTrack tour -- which included 19 events in 15 countries in Europe, Middle East and Africa -- had been "amazing". "First of all we did...

  • Facebook to take on Google in Nigeria with new hub, $20 000 accelerator

    The tech startup scene in Nigeria is hotting up -- with the unveiling today by social media site Facebook of NG_Hub in Lagos, Nigeria and a new Facebook accelerator programme which will offer Nigerian startups $20 000 in equity-free funding. The new hub sees Facebook taking on Google's Lagos-based Launchpad Accelerator, which was launched earlier this year. In a press release today Facebook said the hub -- which it will run in partnership with Nigeria's CcHub -- is Facebook's first community hub in Africa. The launch today (with Ime Archibong, vice-president of partnerships at Facebook pictured above) is part of a week-long celebration by the social network which will bring together...

  • Five SA biotech companies to watch in 2018 [Digital All Stars]

    Digital All Stars is a series of articles which aims to celebrate the best of South African digital. The articles, which will appear on Memeburn and Ventureburn, recognise and celebrate South Africa’s best digital entrepreneurs, business people, advertisers, and media professionals among others. Starting a biotech business, like any other startup, is not an easy undertaking. If anything, biotech entrepreneurs appear to face more difficult odds. For example, setting up a simple lab alone can cost more than R5-million. However, despite these barriers to entry, there are a number of SA companies that are doing well, with some even securing customers around the world. Below...

  • Seedstars launches call for African tech startups to enter pitching competition

    One of the world's largest emerging market competitions for tech startups Seedstars World today opened applications to tech startups in Sub-Saharan Africa to apply for its 2018 edition. Local winners will be invited to represent their country at the Regional Summit in Africa and win a trip to Switzerland, to introduce their startup to some of world’s most prominent investors and executives and enjoy the opportunity to win up to $1-million in equity investments and additional prizes. So far Seedstars has held two pitching events in Africa, both earlier this month. In Egypt on-demand home nursing service 7kemma came out tops, while...

  • ‘Visa Everywhere Initiative opened us up to local innovation’ [Sponsored]

    Access to local innovation -- this has been a key driver of the Visa Everywhere Initiative (VEI), where the global payments processor has spent the last three years working with fintech companies to develop cutting-edge products. Says Visa sub-Sahara Africa senior director for digital solutions Geraldine Mitchley (pictured above): "The highlight of the programme, the great thing is it has opened us up to local innovation". The programme was first launched in the US in 2015, and then rolled out to Europe, Asia, Middle East and North Africa as well as Latin America last year. This year it is running in sub-Saharan Africa...

  • China Africa Tech Initiative events aimed at building investor awareness

    A year-old initiative which aims to introduce Chinese investors to African tech startups is currently focused on building awareness by running a series of events in China. The China Africa Tech Initiative (CAT-I) was founded last year by James Da Costa and Stephany Zoo -- who is the marketing head of Kenyan fintech BitPesa and Africa director at She Loves Tech. "Currently we're focused on community building and generating awareness through a series of events in China," Zoo (pictured above) told Ventureburn this week. Tomorrow (19 May) the initiative will host its inaugural China Africa Stories: A New Chapter in Youth Engagement in Beijing, she said. The China Africa Tech Initiative...

  • SBC Africa in final call for applications for Cape Town accelerator [Sponsored]

    The team from Startupbootcamp Africa (SBC) are edging to the close of their 2018 FastTrack tour which saw them, along with their sponsors, criss-crossing the globe in search of top-tier tech talent who are disrupting industries and innovating on a world-class level. The FastTrack tour visited 17 countries and will conclude with the final FastTrack on 22 May in Cape Town. The Cape Town FastTrack, hosted by Old Mutual, is the last chance tech startups have to attend one of these scouting events ahead of the accelerator. Although attendance at a FastTrack is not necessary to apply to the final accelerator, it...

  • Sanofi announces the 10 African startups set to pitch at VivaTech

    Global biopharmaceutical firm and Viva Technology partner Sanofi has announced the 10 African startups selected as finalists in its Sanofi Afric@Tech initiative. The finalists are set to pitch their health innovations before a panel later this month at startup conference VivaTech which will be held in Paris next week -- between 24 and 26 May. It will be the first time at the startup conference that a track dedicated to African innovation will be run. Selected projects will be offered the opportunity to benefit from financial support and from a coaching and mentoring programme by Sanofi, in order to prepare an eventual collaboration with one of...

  • Joburg incubator is still in operation says Standard Bank official

    Standard Bank head of enterprise development Mfanufikile Motha today said the bank has re-configured its Johannesburg-based incubator to align it with the bank's broader entrepreneur development initiatives. Motha was responding to a Ventureburn query on whether the bank's Rosebank incubator is still active, this after former head Jayshree Naidoo left the incubator in December last year. "The incubator is still active and productive, we just changed the configuration to have sector focus. We now do in-class and practical incubation programmes and it forms part of the wider entrepreneur development capability in the bank," Motha said yesterday (16 May). Standard Bank's Rosebank business incubator was...

  • New mapping tool like Strava for public transport planners says GoMetro founder

    Cape Town mobility startup GoMetro yesterday launched a new self-service application for transport planners to better map and plan transport routes. The startup will partner with Italian company GMG Technology to help distribute the app in foreign markets. Speaking at a launch at the MEST Incubator in Cape Town, the startup's CEO and founder Justin Coetzee called the new business intelligence and planning platform that his team has spent two years working on "like Strava, but for public transport". The platform links to a data manager and planning tool that produces maps and graphs in real time from data collected via a smartphone app. Transport planners and software developers can use the service...

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