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Startup news

  • Just under two days left to apply for Startupbootcamp Johannesburg FastTrack

    Startups looking to participate at the Startupbootcamp Africa Johannesburg FastTrack event have just under two days to apply for one of 10 spots with the application deadline set for Sunday (6 May). The Johannesburg FastTrack, which is sponsored by Old Mutual, is part of a tour to source, grow and scale the next generation of Africa-focused innovators. The event will be held next Wednesday (9 May) at Old Mutual's head office in Sandton. Only 10 startups will be selected to attend the Startupbootcamp Johannesburg FastTrack event Applications are open to tech startups from the Gauteng region with solutions in; blockchain, connected devices, payment solutions, capital...

  • These are the two Egyptian startups representing Africa at 500 Startups’s Seed Accelerator

    There are 18 companies currently participating in 500 startups's 23rd Speed Accelerator cohort. Among those startups, two hail from Egypt: dating app Harmonica and mental health platform Shezlong. 500 Startup's Seed Accelerator programme focuses on sales, fundraising and marketing. Selected startups are provided with an equity investment of $150 000 in exchange for a six percent stake of the startup. However participants are charged a $37 500 fee for participating in the programme. The two Egyptian startups will each receive an equity investment of $150 000 and will pitch at the Speed Accelerator demo day on 28 June The four month long accelerator will...

  • Karoo Tech Hub’s Nerd Academy to train community for the gig economy

    The Karoo Tech Hub has launched the Nerd Academy programme, a free initiative which aims to offer unemployed people in the Karoo online studying opportunities and training on how to pitch to foreign businesses and become part of the gig economy. The hub, based in Somerset East, Eastern Cape, is run by video production company Piehole.tv in collaboration with ProcurementExpress.com. More than 20 people have been trained at the Karoo Tech Hub Piehole.tv founder Priscilla Kennedy says the academy will help solve unemployment in the Karoo. "Education at university level is not always possible for families in the Karoo. It places untenable pressure on...

  • IncubMe: everything you need to know about Algeria’s new incubator

    Algeria has a new incubator, this after Algiers-based IncubMe launched this week on Monday at a conference in the country's capital. IncubMe co-founder and general manager Kamel Oumnia told Ventureburn in an email yesterday (3 May) that the idea behind IncubMe's launch was inspired by the lack of incubators in Algeria -- despite there being great opportunities for doing business in the country. IncubMe plans on incubating between 20 and 30 entrepreneurs per year The multisectoral incubator is looking at selecting between 20 and 30 entrepreneurs or projects per year. "We'll choose the best projects and give the entrepreneurs all the advice and training...

  • ‘$8.6m Series A round well timed as Africa’s Talking was looking at expansion’

    Africa's Talking Series A $8.6-million funding round led by IFC Venture Capital was the startup's first major round of investment and came just as the Nairobi-based software company is looking to expand into more African countries, the company's spokesperson has said. Orange Digital Ventures and Silicon Valley VC firm Social Capital also participated in the $8.6-million funding round. "This round of funding has come as the need for us to accelerate to more African countries became more pressing," Africa's Talking spokesperson Rachael Wambua said in an email. Africa's Talking was founded in 2010 by MIT graduates CEO Samuel Gikandi (pictured above) and Eston Kimani. The...

  • Silicon Cape global expansion strategy: Chair to sign deal with Hamburg@Work

    Silicon Cape chairperson Sumarie Roodt will next week Wednesday (9 May) sign a collaboration agreement with digital cluster Hamburg@Work in Hamburg, Germany. The collaborative agreement will be witnessed by Western Cape premier Helen Zille and German senator Frank Horch. Silicon Cape interim general manager Kerry Petrie (pictured above) told Ventureburn in an email yesterday (2 May) that the intent of the collaborative agreement with Hamburg@Work is to share knowledge, leverage learning and assist members to connect with each other more readily. Silicon Cape's Global Expansion Strategy will see the organisation collaborate with ecosystem enabling organisations in Africa, Western Europe and India "We also hope that our partnership...

  • Canadian AI firm acquires Nigerian chatbot directory service QuickHelp

    Canadian social enterprise firm 1001 Squared Artificial Intelligence has acquired a Nigerian AI-enabled chatbot and SMS-based directory service QuickHelp for an undisclosed amount. QuickHelp was founded in 2015 by seven entrepreneurs: -- Uche Goodness, Kayode Idowu, Olayande Biola, Fayemi David, Peter Laniran, Isaac Falade, and CEO Tosin Odubela. QuickHelp transferred its core technologies and intellectual property rights to 10001 Squared Artificial Intelligence as part of the deal In a post on its website on 21 April, QuickHelp stated: "After sessions of intensive negotiations, the core technologies, intellectual property rights and associated technologies of the AI powered Nigerian Startup, QuickHelp Nigeria, has now been transferred to 1001 Squared Artificial...

  • €20m fines could hit African startups that fall foul of new EU data rules

    Tech companies and startups that do business with the EU or EU citizens and fall foul of new data privacy regulation face a maximum fine of up to €20-million or four percent of their annual turnover. The EU's General Data Protection Regulation (GDPR), which will come into force on 25 May, aims to protect and empower EU citizens' data privacy and will affect all companies -- including South African and African startups -- that do business with EU citizens. Startups processing personal data of EU citizens -- even if that is being done outside the EU -- will be affected. Included among the provisions of the regulations...

  • Uprise.Africa mulls 80 projects for equity crowdfunding, as Drifter raise hits R3m [Updated]

    SA equity crowdfunding platform Uprise.Africa is conducting due diligence work on 80 potential campaigns, the platform's marketing officer Inge Prins revealed today. It follows an announcement by the platform earlier today that with still 3o days left of its campaign, local brewers the Drifter Brewing Company has met its goal of raising R3-million from South African private investors. The R3-million has been raised from 129 local investors. Prins told Ventureburn today that the platform has received a "big stack" of applications and that about 80 applications were in the due diligence stage currently. Most of these are from organisations and entrepreneurs in Johannesburg, Cape Town and other...

  • Entrepreneurs have just three days left to apply for Startup Nigeria programme

    Tech entrepreneurs in Nigeria who have an idea or a solution in agriculture, governance, commerce and fintech have until this Saturday (5 May) to apply to Startup Nigeria -- and stand a chance to score equity funding of up to 2.5 million naira ($7000) in equity free funding. The programme, an intervention of the National Social Investment Programme (NSIP) under the Office of the Vice President of the Federal Republic of Nigeria, opened applications on 7 April. The deadline was initially set for 21 April, but was later extended. Driving the programme are IT company Emerging Platforms, business support organisation the Ventures Platform Foundation and...

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