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Startup news

  • $1-million prize for fintech startups in Edge 196 Global Startup Challenge

    Edge 196, an initiative of NRI Startup India, is on the hunt for fintech startups through its Global Startup Challenge with a $1-million investment prize up for grabs. Edge 196's Global Startup Challenge is run across 26 global clusters spanning 196 countries. Applications to its fintech vertical are now open and will close between 12 and 14 November for its three African clusters. Winners are expected to be announced two weeks after the respective deadlines. Edge 196 Global Startup Challenge 2017 will see 26 finalists get $50 000 in investment funding In order to be considered for the challenge, applying startups should not...

  • OfferZen expands offering, now includes designers and data scientists

    Job platform OfferZen has announced the addition of more areas of expertise in its offering. Founded by brothers Malan and Philip Joubert in 2015, the talent marketplace initially focused on the recruitment of software developers, but will now include user interface and user experience (UI and UX) designers, data scientists, product managers and more. In a press release to Ventureburn, OfferZen stated that it aims to become the single source of tech talent for companies. OfferZen was initially a curated job platform for programmers "Since our launch, we've had to turn away thousands of excellent people in many of these roles. Now employers will...

  • A look at #cocreate2ACCELERATE 2017: deals, partnerships and pilot projects

    The 2017 edition of #cocreate2ACCELERATE 2017 came to an end in September. Dutch Consulate representative Romy van Baarsen describes the programme as being a "movement to drive real business and impact". “Most of the programme was on the go and involved meetings, connections and customer interactions," she added. Launched in 2016, #cocreate2ACCELERATE is an initiative of the kingdom of the Netherlands. It aims to foster enterprise by matching Dutch and South African tech startups in the belief that, by doing so, the startups can co-create solutions to local challenges. #cocreate2ACCELERATE 2017 focused on agritech, bluetech, edtech, fintech and healthtech In addition, the programme also aims to facilitate a...

  • 2U concludes $103m deal to acquire SA startup GetSmarter

    US listed company 2U has concluded the acquisition of edtech startup GetSmarter for $103-million. GetSmarter's acquisition by 2U was announced in May. In a press release sent to Ventureburn today, GetSmarter said the deal would accelerate growth and enable it to offer in demand career opportunities. "We now have an even stronger base from which to realise our full potential globally, which will only further enhance confidence in the broader South African technology ecosystem," GetSmarter CEO and founder Sam Paddock (pictured left) said in the release. GetSmarter R1.4-billion acquisition is one of the biggest for a South African startup GetSmarter, which was founded in 2008 by brothers...

  • Here are the five startups shortlisted for the Accenture Innovation Index Awards

    Business consultancy firm Accenture has announced the finalists of the 2017 Accenture Innovation Awards. At least five of the selected finalists are startups. The startups will get to present at an exclusive invitation-only Accenture Innovation Conference to be held on 17 October in Johannesburg. Accenture's Innovation Index aims to provide an in-depth analysis of South Africa's state of innovation with the intention of rewarding innovative and disruptive enterprises. The 2017 Accenture Innovation Awards finalists will present at the Accenture Innovation Conference on 17 October A statement on Accenture's site states that over 70 businesses registered on the index. The five startups have been shortlisted in the emerging enterprises and small...

  • 10 spots up for grabs for the 2018 San Francisco Entrepreneur Delegation

    Heavy Chef, Startup Safari and Startup Grind have partnered to send 10 South African entrepreneurs to San Francisco for the annual Startup Grind Global Conference to be held in February next year. The 2018 San Francisco Entrepreneur Delegation will depart for Silicon Valley on 8 February. The week-long trip will see the delegation attend the Startup Grind Global Conference taking place between 12 and 14 February next year. Successful applicants will win free flights, accommodation, workshop facilitation, entry into the Startup Grind Global Conference, and a daily allowance. The San Francisco Entrepreneur Delegation will depart Cape Town on 8 February Members of the...

  • Gifted Mom wins Seedstars Douala, will represent Cameroon at Seedstars Summit

    Healthtech startup Gifted Mom was last week selected as the winner of Seedstars Douala, It will now represent Cameroon at the Seedstars Summit in Switzerland, where it could stand to win $1-million in investment funding. Gifted Mom was up against 10 other startups at the pitch event held last Friday (29 September). The startup develops last-mile mobile health solutions to increase maternal engagement. The startup aims to democratise health information access in emerging markets through an artificial intelligence-based remote medical platform. Judges at the event included representatives from Microsoft, AppsTech, ST Digital and Seedstars World. Gifted Mom beat Save Our Agriculture and VIKI...

  • Q&A: HackR House founder on why he invested entire savings on project

    How passionate are you about your business? How far would you go to create a minimum viable product (MVP)? Would you, say, invest all of your personal savings? Meet Craig Wing (pictured), a South African who has done exactly just that. Wing is the founder of HackR House, an initiative that aims to support tech entrepreneurs. Applications to its beta-pilot phase closed yesterday (2 October) while applications for its second round will close on 16 October. The full programme is scheduled to launch in February next year. Wing believes that entrepreneurs need round-the-clock support. He came up with the concept around HackR...

  • Libryo secures $1-million seed round, eyes expansion

    Cape Town and London-based legal platform Libryo has secured a $1-million seed round which it aims to use towards expansion. A press release sent to Ventureburn today states that the funding will be used to grow Libryo's team, product development and for expansion into new markets in Africa, Europe, North America and Australia in the next 18 to 24 months. "To have received the backing of these notable investors and programmes is a real validation of our product and the service that we offer our customers, as well as the huge market opportunity we see," Libryo co-founder and CEO Peter Flynn (pictured right) said...

  • Less than two days left to apply to join MAN Truck and Bus Impact Accelerator

    South African startups in the transport and logistics sector have until Sunday (1 October) to apply to join the join the six-month long MAN Truck and Bus Impact Accelerator. In an announcement on its website, the truck manufacturer said the programme -- which aims to scale social ventures in transport and logistics -- will kick off at the Global Social Business Summit in Paris this November. The programme will then see participants travel to Munich, Mumbai, Cape Town and San Francisco with a final pitch day scheduled for Munich in June next year. To be considered for the programme startups must be able to prove that...