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  • Applications still open for Barclays fintech accelerator 2017 programme

    For fintech startups, applications are still open for the Barclays Techstars Accelerator programme, which takes places from 9 May to 2 August in Cape Town. Out of all the applications, 10 startups will be selected for the 12-week programme. They will receive training and mentorship from the bank and Techstars as well. "The Barclays Accelerator, powered by Techstars, is proud to open its doors in Cape Town, offering a gateway into many of the fastest growing global economies," writes the programme. The Barclays Techstars Accelerator programme will fund up to US$45 000 per startup and takes between a 6 to 8% equity share. "We are interested...

  • Company Office

    Judges announced for the IAB SA Bookmark Awards 2017

    The IAB SA has announced the list of judges that will decide which contenders will scoop a coveted Bookmark Award in 2017. The team of judges, led by Jury President John Dixon, features more diverse industry players than ever before. Josephine Buys, CEO of IAB SA says, "Our mid-year, judges workshop yielded valuable insights from the best in the business for judging the Bookmarks 2017. We have secured the time and talent of some of the brightest minds in digital and have expanded our pool of experts to include gamers, innovators and engineers.” Judges will now fall under the categories of...

  • Fomo Travel: the lay-by startup looking to make travel easier

    Travelling the world can be a costly endeavour, however, SA startup FOMO Travel aims to make it much less of a burden on your wallet. The company was started last year by Andrew Katzwinkel and is described as a lay-by service for budding travellers. The team also consists of Vuyisa Qabaka, who's a mentor to Andrew and a board member of Fomo; Dean Cannell, a tech partner; Bradley Elliot from Platinum Seed, who's involved with their digital marketing as well as Brian and Lee-Ann Singer of The Singer Group, who are infrastructural partners. "I decided to start Fomo Travel because too many South Africans...

  • Golf startup Tagmarshal announces further expansion into US market

    Golf technology startup Tagmarshal will further its expansion into the US markets. This comes after the company received an undisclosed second round of funding, lead by Germany investor Christian Vollmann and joined by five EU and SA-based investors. "We have a proven product and a growing list of customers that are not only getting results and significant ROI, but are happy to recommend and refer their networks," says CEO and co-founder of Tagmarshal, Bodo Sieber, in a press release to Ventureburn. "This speaks volumes for the effort our team has put into working closely with some of the industry's best courses, focusing on advancing the...

  • The 6 startups to represent Africa at AFIF Entrepreneurship Awards

    Six African SMEs have been nominated to represent their nations at the 2017 Africa Finance and Investment Forum (AFIF) Entrepreneurship Awards. The event is supported by the Rabobank Foundation and will take place at the Strathmore University in Nairobi from the 13 to 16 February 2017. The awards will seek to provide those selected with the necessary support to grow their businesses. The finalists will not only receive free accreditation to join the AFIF's full programme, which includes conferences, training and B2B networking opportunities, but the award winner will also receive a cash prize as well as national and international media promotion...

  • Amazon Project: Nigeria gets own pitching show

    Nigeria will be receiving its own televised SME pitching competition titled The Amazon Project. The show aims to provide entrepreneurs with the necessary ways to take their product to market. AIS Media along with other partners will help entrepreneurs discover new ideas, validate their concepts as well as try to assist them with financial support in the form of investments. The show is accepting applications from thousands of Nigerian startups, who will undergo major scrutiny by a consulting organisation. This same organisation will shortlist businesses who will be selected to pitch their idea on the show. These pitches will undergo further scrutiny from a...

  • The African Business Angel Network’s year in review

    Since the launch of the African Business Angel Network (ABAN) in 2015, there has been a noticeable growth in the amount of Angel Investors. "2016 saw the rise of cross-border collaboration of Angel groups across the continent and an increasing focus on Angel investor education as their investments in startups continued to grow. We also saw a marked increase in the number of Business Angel Syndicates and Networks emerging," said ABAN president, Tomi Davies, in a press release to Ventureburn. According to ABAN, Angel investor groups, networks, as well as initiatives have grown to over 40 across 25 African countries. They've...

  • Bitcoin exchange company BitX rebrands to Luno, launches new products

    SA Bitcoin exchange company BitX, has announced it's rebranding to Luno. Along with the announcement, the company is launching a number of new products. "We believe that decentralised digital currencies like Bitcoin will fundamentally change how the world views and uses money," said the CEO of Luno (previously BitX), Marcus Swanepoel, in a press release to Ventureburn. "Cheaper, faster and safer transactions; more privacy and financial freedom; a significantly better user experience; and ultimately, more equality by giving everyone in the world access to the same financial system. "Our new brand and product offerings are better aligned with this vision and will help drive our...

  • The startup dead zone and how to avoid it

    The 'dead zone'... This is the purgatory where startups are either cleansed of their inability to serve the needs of their respective markets or they, like most startups, die a painful death. This is a familiar and very dangerous place to be in because it could literally make or break your venture. Based purely on my limited experience in the startup realm, the dead zone can be defined as any prolonged period of time where your early-stage startup makes money but experiences little to no growth. What makes this zone exceptionally dangerous for startups is that you get fooled into...

  • 4 factors to consider before signing with an accelerator

    If you were starting a business 20 years ago, you'd typically spend most of your time running around town searching for customers, investors, and mentors. In a single day, you might only have time for one meeting with a customer and another with an investor. If you were lucky, you could squeeze in a meeting with a mentor. Carving out time to work on your actual product generally meant sacrificing sleep. In the mid-2000s, accelerators such as Y Combinator and Techstars changed the startup world. Instead of founders having to go out to visit mentors, investors, and customers, accelerators made it possible for these...

  • Top startup events in South Africa, Africa you should know about this week [09/01/2017]

    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...