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  • LifeQ inks deal with Garmin for digital health solution

    LifeQ, the Stellenbosch-based biotech startup, is on a serious roll. In the 18 or so months since it launched globally, its technology has been used by TomTom, it's announced a partnership with US-based designer and manufacturer of semiconductor products and solutions US Analog Devices, Inc. (ADI), and now it's partnered with Garmin with the goal of developing a "connected health solution". According to a press release sent to Ventureburn, the aim of the partnership is to ensure health data generated from its wearable devices delivers on current and future high efficacy information requirements of the health insurance and corporate...

  • Company Office

    Don’t let expansion ruin a great company culture

    As a young company that primarily serves informal markets, we have quickly expanded into new regions on the African continent. While South Africa remains a key focus – and our base – we have invariably needed to establish a presence in other fast growing markets. In practice, this has meant that our management team spends a great deal of time away from the rest of the team – and working remotely. Without a doubt, this scenario is impacting the culture of the business – as the core structure shifts from a centralised management system to a more distributed model....

  • New 4Di Capital VC fund raises R256m

    This is very good news for the South African startup space. 4Di Capital, the Cape Town-based venture capital firm has raised R256-million for its new fund, aimed at early and growth-stage startups. According to an official blog posted on the company's website, the bulk of the money for the fund comes from MMI Holdings's recently launched Exponential division. Headed by company veteran Jaco Oosthuizen, the division's aim is to hunt out innovative entrepreneurs. To date, it's primary focus has been on potentially disruptive innovation opportunities around financial wellness globally and domestically in South Africa. In the...

  • SA-based Snapt expands after nabbing $1m in funding

    South African tech company Snapt is expanding after it secured almost US$1-million from local investment firm Convergence Partners. The company, which provides "high-end virtualised and cloud-based load balancing, web acceleration and security software", confirmed that it has appointed 4Di Technologies as its African distributor. The news sees the SA company shift some focus back to its home continent, signalling a potential move away from North America. It confirmed that South Africa will be the initial focus, but that East and West Africa are on the cards too. Speaking of clients, the company also provided interesting figures on its growth. "Since its launch in 2012, it has grown by...

  • Is EFT the new payment comeback kid?

    Electronic Fund Transfers (EFT) may be one of the older payment methods on the block, but thanks to fraud and crime they are experiencing a revival. As technology platforms evolve to make EFTs more easily managed by users and merchants alike, they are growing in popularity. EFT payments are also more cost-effective and break down significant barriers to entry. A recent 2015 Ipsos survey examined some of the drivers and barriers that impacted online shopping around the world. The survey found that 22% of South African internet users have made purchases using EFT as their preferred payment, with this...

  • Social entrepreneurship is on the rise, says Global Entrepreneurship Monitor report

    It looks as though social entrepreneurs are on the rise. This is according to the Global Entrepreneurship Monitor (GEM)'s special report on Social Entrepreneurship. Sub-Saharan African has one of the highest social entrepreneurial activities with 9%, which is followed by Southeast Asia with 3.8%. Those are lower than the US and Australia's 11%. According to a press release sent to Ventureburn, the report was "based on interviews with 167 793 adults in 58 economies in 2015." "Social entrepreneurship -- which GEM defines broadly as any kind of activity, organisation or initiative that has a particularly social, environmental or community objective -- is now...

  • Top startup events in South Africa, Africa you should know about this week [13/06/2016]

    Looking to get into the South African startup scene or scratch up on some of your skills? Well, you’ve come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we’ve rounded up to make your life a bit easier. 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...

  • This infographic shows you how to build a stellar pitch deck

    Ah, the art of the pitch. It's probably the subject you'll see more articles dedicated to on entrepreneurial sites than any other. Small wonder too: a great pitch aimed at the right investor can get you the funding you need to accelerate and grow your startup. And, depending on what kind of pitch you're doing, a great pitch deck can make a massive difference. It can help you stick in the mind of potential investors and illustrate what sets you apart from your potential competitors. But how do you go about building a great pitch deck? According to this...

  • Ride sharing platform GoMyWay reaches one-year milestone, shares customer experiences

    Nigerian ride-sharing startup, GoMyWay, celebrated its one-year birthday of operation on 10 June. The company connects passengers to car-owners who are using the same route or heading for the same destination. To date, the platform has over 4000 registered users and 30 000 seats offered across 20 different Nigerian states. "The benefits of ride-sharing to Nigeria, its citizens and the environment are huge. It has also been interesting to see the role it plays in building new connections, which is something we highlighted in our anniversary video," writes CEO and co-founder Damilola Teidi in a press release to Ventureburn. "Our goal is to...

  • 4 strategies for early global expansion

    Technology has disrupted every industry from retail to media to taxi services — and it has also disrupted how we build businesses. Recent advancements in remote conferencing and analytics enable companies to launch global operations much earlier than in the past. Historically, businesses started small and local. This was the only way to build successful companies because they depended on local manufacturing and supply chains. Establishing international reach right off the bat was costly and unwieldy. Thanks to the disruptive technologies that have emerged in the past several years, the classic growth model proves increasingly limiting. New startups can leverage multiple...

  • FNB crowns WiGroup CEO as winner of 2016 Innovation Awards

    SA banking institution FNB named WiGroup founder and CEO, Bevan Ducasse, as the winner of its FNB Business Innovation Awards for 2016. As Ducasse's prize, FNB and SWISS International Airlines will sponsor his attendance to the Endeavor International Selection Panel (ISP), which takes place in September in Boston, USA. Those selected for ISP will stand a chance of being selected as an Endeavor Entrepreneur, which will grant them access to a global network of founders and mentors. "This accolade is testament to the hard work and dedication that has gone towards establishing wiGroup as a trusted and reputable brand. Innovation and excellence have always...