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  • German accelerator F-LANE releases names of African startups for 2nd cohort

    Two startups from Africa are among five teams selected by Berlin-based accelerator F-LANE to attend the next cohort of its acceleration programme which starts next month. The six-week accelerator programme for social ventures, which is backed by the Vodafone Institute, will kick off on 9 October in Berlin. In an emailed announcement to Ventureburn, F-LANE's Gabriele Scheibert told Ventureburn that Ugandan telemedicine hub Kaaro Health and Mozambique's Mowoza, which aims to use the Blockchain to create digital retail communities for women-owned micro enterprises, are among the five teams selected for the accelerator's latest cohort. Ugandan telemedicine hub Kaaro Health and Mozambique's Mowoza will participate in F-LANE's next cohort She said the five were...

  • Company Office

    Why all fintech startups should consider joining a global innovation hub

    Entrepreneurs in the fintech space have been shaking up the banking industry for a number of years and their impact continues to grow, making it imperative to collaborate with the startups that are helping to shape the future of financial services as we know it. Stories of entrepreneurs who "cracked the code" in the basement and became overnight billionaires are plentiful, but in most cases, a great idea is only half the battle won. And in most cases, successful entrepreneurs have to invest time and money over long periods to get an idea off the ground and through to execution...

  • Israeli tech deal flow ‘mind boggling’ says StartUp Tel Aviv SA Challenge winner

    Tel Aviv's startup ecosystem has blown away local entrepreneur Nish Singh who earlier this month attended DLD Tel Aviv Innovation Festival. "The ecosystem there is warm and open, the tempo is fast and the deal flow is mind boggling," says Singh, who is the co-founder and COO of Multifractal Semiconductors, a Pretoria-based startup that develops computer chips. Singh and fellow co-founder Piotr Osuch traveled to Israel from 3 to 7 September to attend the festival after the startup was earlier this year selected as one of the winners of the StartUp Tel Aviv SA Challenge. The startup was one of 15 startups from Africa, Europe and Asia -- chosen from...

  • TIA seed fund lending to innovators, entrepreneurs grows 12% to R74m

    The Technology Innovation Agency (TIA) channeled R74.3-million in the last financial year to 133 innovative projects -- up from R66.5-million in the 2015/16 year -- through its seed fund, the agency revealed in its latest annual report. The seed fund, which the agency launched in 2013, provides entrepreneurs and innovators that develop innovative solutions with grant funding of up to R500 000 to R650 000 per project. The fund has two streams – one that channels seed funding through technology transfer centres at universities and science centres to innovative projects and another that works with a number of small business support organisations in provinces...

  • SA fintech company Electrum selected for Gartner Aspiring Innovators Programme

    South African fintech company Electrum, which specialises in payments technology, has been selected to participate in the Gartner Aspiring Innovators Programme. The programme aims is to highlight innovative providers of enterprise technology to attendees of the Gartner Symposium/ITxpo Africa 2017, which is being held in Cape Town from Monday to Thursday next week (18 to 21 September 2017). Over 1000 chief information officers and senior IT executives from around the world are expected to attend. In a press release today Dave Glass (pictured above), managing director of Electrum, said he is "thrilled" to be participating in the programme. "The selection by Gartner demonstrates the interest and demand...

  • Struggling with parking? These four apps could get you out of that jam [Native]

    Paying for parking is a grudge purchase to most, that is if you are lucky enough to find it in the first place. Just think back to how much time have you have wasted in the past cruising around looking for parking or queuing to pay for it? Here are four parking apps available in South Africa that do away with those pesky queues, parking tickets and the never-ending hunt for change that comes with looking for parking in our increasingly congested cities. KaChing KaChing allows you to pay for your parking by credit or cheque card. On arrival, cameras installed in the...

  • ProsperiProp appoints Grant Thornton for ICO in bid to boost investor confidence

    Ahead of its initial coin offering (ICO) planned for this Friday (15 September), South African African fintech startup ProsperiProp announced today that it has appointed international auditing firm Grant Thornton to audit its business processes and financial results. Through its planned ICO startup wants to allow investors a chance to invest in international property. ProsperiProp aims to raise between $60-million and $120-million through the ICO in its own PROPX tokens, valued at one dollar a piece. The company will itself retain $80-million of tokens. Today's announcement comes just days after ProsperiProp announced last week that it had delayed its ICO to this...

  • Startups must think twice about pivoting for corporates – MMI Holdings manager

    Startups that pitch to corporates should be wary about pivoting their business just to accommodate a corporate, if they risk losing focus on their initial values, cautions Carol Atkinson, the managing partner of Integration Exponential Ventures at MMI Holdings. This is one of Atkinson's key tips for startups looking to pitch their web platforms and apps to corporates such as MMI (which includes insurers Momentum). In her 17 years with MMI, Atkinson has been involved in diverse areas in the company -- from product design, to development and implementation. She previously headed up the group's SMME segment and has been working specifically in the disruptive innovation space...

  • Is Durban man’s Airwater solution to Cape Town’s drought really that water-tight?

    It sounds like a breakthrough solution – producing water from condensation in the air. But in his bid to solve Cape Town’s water crisis, a Durban man could be knowingly wasting thousands of litres of water. Airwater CEO Ray de Vries has in recent weeks appeared on television talk shows and in newspaper articles warning that if the water crisis is not tackled Cape Town will be "dry by Christmas", while punting his machines that he claims can provide a sustainable water solution to everyone from offices and restaurants to car-wash services. De Vries, the former marketing manager for the country's Dusi Canoe Marathon,...

  • MTN Business extends deadline for App of the Year submissions

    App developers who may miss the 14 September MTN Business App of the Year submission deadline shouldn’t be despondent -- MTN Business has extended the deadline for the sixth edition of the awards to 18 September. In a press release today, Mandisa Ntloko, MTN Business SA's general manager of enterprise marketing, said the decision to extend the cut-off date for entry submissions is in response to requests for an extension from the app-development community. The overall winner of the MTN Business App of the Year will walk away with a prize to the value of R200 000. The prize money will go towards meeting the joint strategic goals with...

  • France bound: Five SA startups selected for the 2017 Young Enterprise Initiative

    Five South African tech startups have been selected to travel to France for the week-long Young Enterprise Initiative acceleration programme which takes place this November. Romain Petit, innovation manager at the French Embassy in South Africa, told Ventureburn that the five will leave for France in the week of 13 November. During this time they will spend two and a half days in Paris attending training and business to business-to-business (B2B) meetings. Thereafter, they will be assigned a partner incubator which will assist them on finding the right partners for research and development. Read more: Is seven days enough time for startups to be...