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  • Top startup events in South Africa, Africa you should know about this week [26/11/2017]

    Looking to get into the South African startup scene or catch 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...

  • Company Office

    Tshwane free WiFi project provides model for social impact bond

    Model could help with municipal infrastructure challenges A free WiFi project that has successfully taken root in Tshwane could set the pattern for social impact bonds in South Africa in which the private sector guarantees delivery of services, the public sector guarantees payment and commercial funding is accessed upfront from the financial markets. Social impact bonds are a form of innovative funding that gives service providers, including nonprofit organisations, access to upfront resources to tackle social problems by tapping private funding to cover the upfront costs of social programmes approved by government institutions. Kasief Isaacs, portfolio manager for infrastructure investments at Mergence...

  • Seedspace in drive to buy up, partner with co-working spaces across world

    Seedstars, the startup competition for emerging markets, is on a drive to acquire or partner with co-working spaces in cities around the world through its Seedspace brand. Three of its 16 planned sites will open in Africa shortly. Nathan Heller, who heads up Seedspace experience and is the founder of Cape Town Seedspace venue Spin Street House, says among the 16 new sites planned, the organisation aims to add sites in Abidjan (Ivory Coast), Cairo (Egypt) and Casablanca (Morocco). Other sites are planned for Quito, Mexico City, Lima, Medellin, Jeddah, Beirut, Naigaon (India), Saigon, Islamabad, Baku, Abu Dhabi, Manila and Hong Kong. Heller could not provide any dates on when the...

  • Alan Knott-Craig book – set yourself up to deal with adversity [Extract]

    In being an entrepreneur you have to deal with adversity all the time. It could be closing that first sale, making a new hire or or even saving your company from liquidation. In this fourth extract from his new book, tech entrepreneur Alan Knott-Craig Junior how you can devise a strategy to benefit from unpleasant shocks to the system. With permission from Knott-Craig — the founder of Project Isizwe and former Mxit head — Ventureburn is serialising parts of the entrepreneur’s new self-published book 13 Rules for Being an Entrepreneur which is now available via his website http://bigalmanack.com. Ventureburn is also giving away five copies of the new...

  • Facebook, Taxify among first 25 speakers announced for Africa Tech Summit

    The first 25 speakers from leading tech companies across Africa have been announced for the upcoming Africa Tech Summit Kigali which is set to take place in February in Kigali, Rwanda. The tech event, which is supported by the Rwandan Minister of ICT and RwandAir, will take place on 14 and 15 February 2018 at the Kigali Marriott Hotel. Africa Tech Summit Kigali speakers announced this week include industry leaders from Facebook, Andela, BRCK, Taxify, AHL Venture Partners, Draper Dark Flow, Safaricom, Atlas Mara, BitPesa, babyl Rwanda, aKoma, kLab, iHub, Boomplay Music, what3words with many more speakers to be announced in the...

  • KwaZulu-Natal man wins R250 000 worth of support for his Solar Nexus device

    Following a rigorous adjudication process which saw the top eight finalists presenting their business concepts to a panel of judges, Trever Colvelle from Bulwer in KwaZulu-Natal’s Midlands region took first position in this year’s Inkunz’isematholeni Youth in Business Competition. Ithala Development Finance Corporation, which spearheads the programme, said in a press release today that the decision was largely influenced by the social impact of the innovation. Out of a total of 198 entries, Colvelle was selected for his invention of the Solar Nexus, a foldable solar charging device that can power a heater, radio, TV and lights in your home, thereby...

  • Everything you need to know about West African startup landscape [2017 Update]

    Update: Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or other opportunities? Are you an aspiring startup owner looking for assistance? Well, you have come to the right place. Ventureburn presents an updated* guide to West Africa’s startup scene. This article is the most comprehensive guide for anyone who wants to get involved with, or have a better understanding of, the region's fast-growing startup space. It's the second of our inaugural series, with others focusing on South Africa and East Africa. With some insight from our friends...

  • New MEST Cape Town Incubator offers African launchpad for SA entrepreneurs

    South African entrepreneurs looking to launch into the rest of the continent should look no further than the Meltwater Entrepreneur School of Technology (MEST), which last night launched a Cape Town incubator. Speaking at the launch of MEST Cape Town Incubator, held at the Woodstock Exchange in the city, the organisation's managing director Aaron Fu (pictured above) says the incubator will among other things, run workshops on cross-border trade -- on things such as how startups can build a remote or regional team. The programme aims to get entrepreneurs and developers from different African countries to work together and to jointly set up startups. "Our Nigeria general manager...

  • Joburg wedding gift service Wrapistry in R4m deal [Updated]

    Online gift registry startup Wrapistry has signed a deal to secure a R4-million investment from Section 12J venture capital fund Anuva Investments and Genesis Capital. The Johannesburg-based startup's online shop and wedding registry service allows couples to source various gifts -- including both products and experiences such as travel trips. Speaking to Ventureburn last week, Wrapistry CEO Jed Shein, 28, said R2.25-million would be invested upfront by each investor, in return for a 10% stake in the company for each investor. The remainder would be invested upon the achievement by the startup of certain targets in return for a further five-percent stake each. So far the three-year old company has assisted...

  • Could Parkfind be the answer to traffic congestion in African cities? [Sponsored]

    Poor road networks and infrastructure, a growing urban population and lack of foresight by African urban planners. These are all factors widely cited by experts to be behind the growing number of traffic jams African motorists today face. But Zunade Loghdey, the CEO of Street Parking Solutions (SPS) claims his Cape Town-based parking management company has come up with a solution to the problem. He believes there is a more important factor which plays an even bigger role -- parking, and says there is a "simple solution" to this. "It's reducing time spent searching for parking, " he says. Loghdey claims his company's parking app Parkfind does just...

  • HAVAÍC announces R4.5m investment in Cape healthtech startup Recomed

    South African venture capital (VC) firm HAVAÍC announced today that it has led a fully subscribed equity raise of R4.5-million in Cape Town healthtech startup RecoMed. The investment was secured by HAVAÍC, the Association for Savings and Investment South Africa's Enterprise and Supplier Development (ASISA ESD) Fund, and Growth Grid Venture Capital Partners. It comes after Recomed founder Sheraan Amod (pictured above) last week revealed that his startup, which he founded in 2013, had been in talks with a funder for a second-round of funding. Read more: SA medical bookings platform Recomed set to announce new funding round The startup recently began white labelling its platform – which allows...

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