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Startups

  • South Korea seeks to diversify its startup scene with its latest accelerator GAPS

    The South Korean government has opened applications for 30 foreign startups to join its new Global Accelerator Program for Startups (GAPS). The application deadline is 31 July. The 1o-month programme will run from this September to June next year and shortlisted startups will each get a grant of $26 000. Applicants will be assessed on how marketable and scalable their business models are as well as on their team’s makeup. Winning startups will also be provided with office space, equipment and material. The programme will also assist participants in getting startup visas and additional mentorship on how to run a business in Korea. GAPS is...

  • LinkdPro completes projects worth R2.5m on its freelance marketplace

    Members who have used LinkdPro, a South African digital platform for consultants looking for contract and project-based work, have completed projects worth more than R2.5-million in the almost year since its launch, says co-founder and CEO Scelo Makhathini. “We are seeing a growing demand for industry sector experts and management consultants as investment and private equity firms look to these professionals to help assess investment opportunities and up-scale or create value-add teams on-demand,” Makhathini (pictured above, left) told Ventureburn. Makhathini, who refers to the platform as the "Uber for consulting”, added that since the platform's launch in August last year the site's 600 members have generated a combined revenue in...

  • 6 drone startups in South Africa to look out for [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 this piece we take a look at some interesting startups involved in developing drones and drone software solutions. Aerobotics Aerobotics was started in 2014 by Benji Meltzer (pictured above, left) and James Paterson. Using artificial intelligence (AI), Aerobotics deploys drones to help farmers in South Africa, Australia and the UK to collect data and to detect leaks and determine whether crops are receiving too little...

  • Seven days left to apply for #cocreate2ACCELERATE 2017

    There are seven days left to apply for the #cocreate2ACCELERATE initiative, with this year's deadline falling on 24 July 2017. #cocreate2ACCELERATE is an initiative by the Kingdom of the Netherlands through the Dutch Consulate General in South Africa. The programme will focus on five sectors this year, in the form of agritech, bluetech, fintech, healthtech and edutech. The programme will be held between 28 August 2017 and 8 September 2017 in Cape Town. Successful applicants will also be able to participate at the Innovation Summit. Last year's winning participants covered video games, application development and agritech. Read more: Five tech startups chosen for Dutch #cocreate2ACCELERATE challenge Cocreate SA stated...

  • PeaceTech Accelerator looking for more startups for its next cohorts

    PeaceTech Accelerator, a Washington DC based cloud innovation centre and scale-up programme devoted to peace technology, is looking for more participants for its next cohort starting on 8 September with the third planned for January next year. PeaceTech Accelerator was launched earlier this year by tech investment firm C5 Accelerate and PeaceTech Lab , a peace building non-profit, in collaboration with cloud computing service provider, Amazon Web Services, and has since graduated its first cohort. It runs eight week programmes for companies and non-profit organisations involved in the development of innovative technologies that promote peace and build stronger, safer societies. Dimitra Hatzudis, external relations coordinator at C5 Accelerate,...

  • ‘Percentage of women in tech sector has declined from 40% of professionals’

    The percentage of women in the local IT sector has declined from a level of 40% of professionals in the 1980s claims Cape Town entrepreneur Lorraine Steyn. A 2014 survey by the Joburg Centre for Software Engineering (JCSE) of 711 IT practitioners revealed that only 21% of ICT jobs are held by women. "If we're cutting out 50% of the population from those career opportunities, well I'm pissed off, I want to see the girls in there," said Steyn, speaking at a Startup Grind event at Workshop 17 in Cape Town last night. Steyn, the CEO of Khanyisa Real Systems (KRS), challenged businesses to be more flexible...

  • SA fintech startup Yoco announces it has hit 10 000 SMEs users milestone

    South African payments company Yoco today announced that it now has 10 000 small and medium-sized enterprises (SME) clients in South Africa using its point-of-sale payments platform to accept card payments. “This milestone is indicative of the significant demand for these kinds of services in the SME sector. Over 72% of Yoco merchants had never accepted cards before, a key metric for us at Yoco, as we look to be market makers, not just participants,” said Yoco CEO and co-founder, Katlego Maphai in a press release today. Maphai said the company is adding over 1 000 new SMEs to its base every...

  • These were 10 startups that competed in the SA finals of Seedstars World

    Last month saw a sold out Seedstars South Africa final at the Standard Bank Auditorium in Rosebank, Johannesburg -- with Cape Town startup EMGuidance clinching top spot. The startup, which solves a critical problem for medical professionals by aggregating medical content from regional experts in one app, beat off nine other startups. The company will now go on to represent South Africa at the Seedstars Global Summit in April next year, and will have an opportunity to compete for $500 000 in investment capital, participation in the Africa Regional Summit and a global network in over 80 countries around the world. Read more: Meet...

  • So what kind of entrepreneurship is South Africa really trying to promote?

    Backing high tech innovative entrepreneurship is the only way forward for our country, but requires commitment from the private sector and skills development “Entrepreneurship” is on everyone’s agenda. Primary schools are running entrepreneurship days, while companies run hackathons and challenges to find and support budding entrepreneurs. Summing up its key priorities, after the recent ANC National Policy Conference, the organisation’s treasurer-general Zweli Mkhize set as a priority, the development of “entrepreneurial skills” among all South Africans as a way of stimulating what it calls “radical economic development”. While this growing interest in entrepreneurship is very encouraging, we need to be cautious not...

  • XAfricaMart.com marketplace launches with a transaction fee of just 1.2%

    Online B2B marketplace XAfricaMart.com was launched yesterday in Johannesburg, with its CEO Stephen Oehley claiming that the marketplace has one of the lowest transaction fees in the market for suppliers. The marketplace which is aimed at small and growing businesses, will offer sellers and customers a secure payment platform that mitigates online trading risks and non-delivery. Sellers are charged a 1.2% sales success fee. This compares to Amazon which charges a fee of 3.9% for international transactions, eBay which charges a fee of 3.5% or 10% depending on the number of goods listed on the site and Alibaba which charges a 5% fee. XAfricaMart.com also seeks to network businesses up...