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Startup news

  • Top startup events in South Africa, Africa you should know about this week [19/03/2018]

    Looking to get into the South African startup scene or brush up on some of your skills? Well, you’ve come to the right place. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or next week’s, please let us know in the comments below or send us an email. Not all of the events are free and some will require booking in advance. Please click on the event names to find out...

  • Here’s how you can win a share of $1m at 2018 African Entrepreneurship Awards

    Keen on winning a share of US$1-million as well as mentorship that will help you launch or grow your business in Africa? Then you'll want to apply for the 2018 African Entrepreneurship Awards. In addition to a share of US$1-million in prize money, winners of the award will receive free online mentoring from over 400 entrepreneurs, investors and other business owners. Applications for the awards opened two weeks ago (1 March) and will close on 30 April. The awards are generally open to African citizens over 18 who either have ideas for or are running innovative for-profit businesses with a positive social...

  • Applications for GCIP-SA competition and business accelerator now open

    Applications are now open for the 2018 Global Cleantech Innovation Programme for startups in South Africa (GCIP-SA). The programme is part of a global initiative that aims to address environmental and economic challenges as well as issues around energy through the promotion of clean technology innovation. This year's competition will focus on energy efficiency, renewable energy, waste beneficiation (including e-waste), water efficiency, green buildings, green transportation and environmental protection. Applications for the Global Cleantech Innovation Programme for SMMEs in South Africa close on 2 May The programme, which for the past four years been run as a donor-funded project, was this year incorporated into...

  • SMME IoT, SqwidNet partner to connect 1m devices in next 3 to 5 years

    Internet of Things (IoT) strategy provider SMME IoT has signed an agreement with IoT network provider SqwidNet to connect one million devices within the next three to five years in South Africa. The partnership will provide SqwidNet with an opportunity to provide its modules and devices to the existing network of partners that SMME IoT services. SqwidNet CEO Reshaad Sha believes the partnership will help the company expand into other sectors In a statement today (15 March), SqwidNet CEO Reshaad Sha (pictured above) said the company operates across a range of sectors, including the finance, human resource management and technology fields. "We are confident...

  • Getihu, investment fund for SaaS startups launches with opening of Cape Town hub

    Getihu, an investment fund for early-stage software and data as a service (Saas, DaaS) startups, officially launched in South Africa last night (14 March) with the opening of an innovation hub in Cape Town. Getihu was founded last year by serial entrepreneur Ryan Paterson and chief investment officer Thomas Schmider. Schmider co-founded one of Europe's biggest game developers Infogrames Entertainment in 1983, which went on to acquire US-games developer Atari Inc in 2008. Paterson (pictured below), who is also Getihu's chief entrepreneur officer, told Ventureburn that the fund -- which started off with the founders investing their own money -- invests between $25 000...

  • We’ve hit burst of NOS from Fast and Furious – i-Pay CEO ahead of $5m raise

    With just over two months left in which to raise $5-million in funding, things at Johannesburg fintech i-Pay are picking up, says co-founder and CEO Thomas Pays. "We haven't (had) a quiet period in the past two months," said Pays (pictured above in conversation with Sarah Strauss) at a French Tech event held yesterday at Workshop 17 in Cape Town. "We can work 18-hours straight, there’s still so many requests and enquiries from clients that it does feel like a good scale-up now," he said. Pays describes the overall change in pace in running the business -- dealing with client enquiries and holding meetings -- akin...

  • Visa launches Everywhere Initiative in Africa, here’s how you can get involved

    In a bid to foster regional payments innovation and fintech entrepreneurship in Sub-Saharan Africa, global payments company Visa today announced the launch of the Everywhere Initiative on the continent at the DHL Ecommerce Money Africa conference in Cape Town. Visa’s Everywhere Initiative is an innovation programme designed to encourage the emergence of “the next big thing” in digital payments globally. The initiative has since its inception in 2015 awarded over $1-million and mentorship to 36 winners selected from over 130 finalists in over 40 countries in North America, Latin America, Europe and Asia. In all, more than 2100 startups globally have participated in...

  • GSMA opens third round of its Ecosystem Accelerator Innovation Fund

    The GSM Association (GSMA) has opened applications for Round 3 of the Ecosystem Accelerator Innovation Fund. GSMA announced the opening of applications for the sector-agnostic fund yesterday (12 March) in a statement on its website. Interested applicants have until 15 April to submit their pitches. Successful applicants to GSMA's Ecosystem Accelerator Innovation Fund can get up £250 000 in funding GSMA's Ecosystem Accelerator Innovation Fund provides selected startups working with mobile tech in Africa and Asia Pacific with up to £250 000 equity-free funding, technical assistance and the opportunity to partner with mobile operators to scale their products and services into sustainable businesses with socio-economic impact. The fund's startup portfolio...

  • Water crisis delays launch of GoMetro flx trial says startup founder

    Cape Town smart mobility startup GoMetro has delayed the planned launch this month of the trial of its new ride-sharing service flx. The startup's CEO Justin Coetzee says the startup will instead launch the service next month. "Basically, the water crisis meant that corporates spent two or three months worrying about their water supply and their staff's welfare - so we hit a delay on the flx pilot," Coetzee told Ventureburn in response to an email yesterday. GoMetro's flx service aims to to offer employers a chance to get staff to work on time more affordably, by providing them with various shared transport options and by grouping staff members who stay near...

  • 10 South African startups leading innovation in IoT [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. In two years time, experts predict that 50 billion devices will be connected to the internet. This convergence of devices physical objects -- with sensors and software -- and the internet, enabling them to transmit and receive data is known as the internet of things (IoT). With IoT Forum Africa 2018 kicking off this week at the Gallagher Convention Centre in Johannesburg,...

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