• BURN MEDIA
    • Memeburn
      Tech-savvy insight and analysis
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Motorburn
      Because cars are gadgets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!

Startup news

  • Seedstars to launch hub in Cairo, kick off first Seedstars competition pitch

    Seedstars, a Swiss-based organisation that supports startups in emerging markets, will open its first hub in Egypt, Seedspace Cairo this Friday (4 May). The announcement was made in a press release last Thursday (26 April). Seedstars said Seedspace Cairo will have a co-working area, offering a wide range of membership plans, from single-desks areas to private offices for larger teams. The hub will have a co-living area, an accommodation alternative for those wishing to visit and live in Cairo. Romulo Navarrete, head of operations at Seedspace, described the move as a "strategic step" for Seedstars which will help the organisation to get closer to the community that...

  • Impact Dakar launches its first early-stage incubation programme Incuberation

    A month after its official launch, Senegalese entrepreneur hub Impact Dakar has launched its first incubation programme for early-stage startups, Incuberation. The incubation programme -- which is run in collaboration with international strategy consulting firm Dalberg, and is funded by entrepreneurship platform Suguba -- kicked-off earlier this month and will run until December. Suguba co-founder and MD Fayelle Ouane told Ventureburn in an email that the platform had invested €60 000 into the incubation programme in addition to the €100 000 it plans on investing in Impact Dakar this year. Impact Dakar's inaugural cohort includes four women who were selected from an applicant pool of 60...

  • Test product, gauge demand before seeking funding says SkillsRus founder

    It is crucial to first test products and gauge the demand for them before seeking funding from potential investors, says Kgotso Kobo CEO and founder of graduate placement portal SkillsRus. "If the market responds positively to it, then it will be easier for you to acquire funding and clients," Kobo says. The two-year-old startup is aiming to tackle a problem that President Cyril Ramaphosa last month described as South Africa's "greatest and most pressing" challenge. Kobo's advice has served his startup well. Early last year, the startup secured an undisclosed investment from Cape Town-based angel investment firm Snowolf, in return for 29% equity. The Johannesburg-based company...

  • Nigerian startup TradeDepot scores big with $3m in funding from Partech

    Nigerian web platform TradeDepot has received $3-million in funding from Partech. It's the global investment firm's first commitment from its €100-million Africa fund launched earlier this year. The announcement was made in a press release yesterday. The Lagos-based company's platform helps retailers in the fast-moving consumer goods sector to distribute goods in Africa. Partech said the funding will support the expansion of TradeDepot’s footprint in Nigeria and development in other countries. Since its founding in 2015, TradeDepot has developed what it calls a "360-degree solution", integrating all participants in the trade value chain: manufacturers, distributors and retailers. The solution has been deployed across Nigeria in distributors’ warehouses. Partech's...

  • Will fashiontech make Africa more competitive in the global fashion sector?

    What are you wearing today? Odds are your clothes were not designed or made in Africa. According to the African Development Bank Group, sub-Saharan Africa represents just under one percent of global fashion exports. Could the fusion of tech and fashion --fashiontech -- make Africa more competitive in the fashion industry? Mustapha Zaouini, who runs a Johannesburg-based tech startup studio, says the market for fashiontech solutions in Africa is as yet unquantified, but adds that it is growing. He points to the McKinsey Global Fashion Index which forecasts that industry sales are expected to nearly triple between 2016 and 2018, from 1.5% to between 3.5% to 4.5%. Last Monday (16...

  • French South African Tech Labs opens applications for third cohort

    The French South African Tech Labs (FSAT Labs), a Cape Town-based incubator and accelerator, has opened calls for application to its third cohort. Applications are set to close on 27 May. Launched last year, FSAT Labs' six-month long programme aims to assist tech entrepreneurs turn their ideas into minimum viable products and, ultimately into sustainable businesses. The incubator and accelerator -- which works in partnership with the Small Enterprise Development Agency (Seda) and international technology firm Methys -- mainly focuses on digital innovation around smart cities, education, commerce, smart homes and smart media. French South African Tech (FSAT) Labs' third cohort is...

  • AfricArena expecting 1000 investors this year, adds Africa tour in run up to event

    International tech conference AfricaArena is back for a second edition which is set to be held between 15 and 16 November at Century City Conference Centre in Cape Town. AfricArena founder Christophe Viarnaud made the announcement today in Cape Town at a press conference held in partnership with Wesgro and Silicon Cape. Viarnaud (pictured above, far right) said he expects at least 1000 international investors to attend this year's event. Last year's inaugural event was attended by over 450 attendees including over 100 investors and more than 80 startups representing over 25 countries. He added that last year's budget of R3-million has been doubled...

  • CiTi, CPGR sign agreement to launch OneBio incubator in Cape Town

    The Cape Innovation and Technology Initiative (CiTi) has signed a collaboration agreement with the Centre for Proteomic and Genomic Research (CPGR) to launch a biotech incubator, OneBio. CiTi announced yesterday that it had signed the agreement with CPGR, together with the head of SingularityU Cape Town chapter Michael Fichardt and entrepreneur and venture builder Nick Walker. CiTi senior ecosystem manager Claire Jowell said in an email yesterday to Ventureburn that the incubator will be launched at the end of this year, but said no date has been set yet. Jowell said the incubator is looking to take in eight to 10 biotech startups, every six months. OneBio...

  • Here’s all you need to know about the 2018 Ecobank Fintech Challenge

    Is your fintech startup ready to work with one of Africa's biggest banks, one with operations across 36 countries on the continent? Then you have until 23 May to apply for the 2018 Ecobank Fintech Challenge. The challenge is open to any African startup. Through the challenge, Ecobank aims to showcase, collaborate with and support Africa's most promising fintech startups. The 2018 Ecobank Fintech Challenge will see selected startups receive mentoring from leading experts as well as access to Ecobank's banking ecosystem. The 2018 Ecobank Fintech Challenge spans six focus areas, applications close on 23 May The challenge winners will also be provided with the...

  • Seda relaunches, mandates Sabtia to build more inclusive incubation system

    Small Enterprise Development Agency (Seda) has relaunched the Southern African Business and Technology Incubation Association (Sabtia) and mandated the non-profit organisation to address challenges in the local business incubation and acceleration community. The relaunch -- which was hosted by Seda, the Small Enterprise Finance Agency (Sefa) and the Department of Small Business Development -- was held yesterday (19 April) at the Gallagher Convention Centre in Midrand, Johannesburg. Addressing the event, Minister of Small Business Development Lindiwe Zulu (pictured above) said incubation and acceleration programmes are crucial to accelerating economic growth and transformation in developing nations. Sabtia will serve as an entry point for international...

WP Twitter Auto Publish Powered By : XYZScripts.com