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  • Reel Gardening takes home Agripreneur of the Year Award

    South Africam gardening startup, Reel Gardening has taken home the prestigious Agripreneur of the Year Award at the Future Agro Challenge (FAC) held in Johannesburg. Founder of Reel Gardening, Claire Reid bested eight other competitors in a live pitching competition. Last year's winner, Nicolás Morelli commented on Reid's victory. "Winning the championship opened many doors for me and I look forward to seeing what Reid will achieve being propelled from this platform," in a press release to Ventureburn. As the winner of the competition, Reid will be receiving ongoing mentorship, partner possibilities, as well as the chance to expand her business into different markets. Reel...

  • Company Office

    Peach Payments and Callpay announce EFT system partnership

    Peach Payments, a leading and one of Africa's fastest growing payment service providers and Callpay, an innovative provider of secure payment solutions announce collaboration to provide automated Electronic Fund Transfers (EFT) as well as secure telephonic payment acceptance solutions. The innovative products will enable millions of South Africans to make instant and secure payments when shopping online or during payment processes over the phone and via call centres. Through this exciting collaboration announced at the 3rd eCommerce Africa Conference, customers will now be able to pay online using their cheque, savings or credit card accounts. Merchants that sign up through...

  • I-Drop Water to represent SA in Chivas Venture pitching competition

    South African greentech startup I-Drop Water has been selected as one of 30 finalists in the US$1-million Chivas Venture social enterprise competition. The finals will take place in Los Angeles in July. Founded by James Steere, I-Drop Water looks to change the way water is sold in SA by installing purification and dispensary vending machines in stores. The company says the water sold is 80% cheaper than bottled water and will be housed in refillable containers. Finalists will have five minutes to pitch their businesses in front of a panel of judges and live audience, where they will compete for US$750 000. "We were blown away...

  • Jamie Martin on Edtech and the EdTech Open Innovation Cluster

    Tech hub, CiTi recently launched the first EdTech Open Innovation Cluster and incubator in Africa. Ventureburn had the opportunity to sit down with the initiative's lead, Jamie Martin, to discuss his thoughts behind the accelerator as well as edtech in general. "I really believe that the developing world, in particular Africa, is firstly the place that edtech can make the most impact and is also the place where I think it's going to be the most innovative. Secondly, I think that particularly in SA there is a unique combination, I call it 'first world infrastructure, third world problems'." He further explained that data...

  • Your startup could be featured on 702, Cape Talk radio

    Are you a startup founder looking for that big break? South African startups have an exciting opportunity to be exposed on national radio and to be coached by well-known talkshow host and entrepreneur, Pavlo Phitidis. SA radio stations 702 and Cape Talk have partnered with Nedbank for the sixth Business Accelerator programme. Ventureburn has also teamed up with the accelerator to promote the event and foster relationships in the startup ecosystem. The aim of the Business Accelerator programme is to talk about businesses on air and make listeners aware of them, as well as help accelerate their growth in 2017. The programme is looking for companies that make a...

  • There are over 300 tech hubs in Africa and counting [infographic] [update]

    Update: Following publication of the article, the GSMA pointed out its research shows there are closer to 300 tech hubs in Africa.   Africa is becoming a place for innovation in the startup tech sector, which is in part due to the boost from tech hubs and incubators around the continent. According to research from The World Bank, as of June 2016 there were 173 tech hubs and incubators in Africa, with 32 of those being in South Africa. This is an increase of 56 tech hubs since the September 2015 version of the research. As thorough as the report is, it...

  • CiTi launches first EdTech Open Innovation Cluster in Africa

    The Cape Innovation & Technology Initiative (CiTi) has launched the first EdTech Open Innovation Cluster and incubator in Africa. The event was held on 15 March at the Bandwidth Barn in Woodstock, Cape Town, and saw a turnout of close to 500 people. The aim of the cluster is to collect as many of the best edtech startups and companies in one location to work on education problems. The initiative is helmed by Jamie Martin, who previously held positions at Deloitte and The Boston Consulting Group. Martin said there is also a team from Yale, researching and supporting the cluster. EdTech Incubator Part of the EdTech Open Innovation Cluster is to launch an...

  • Media24 acquires 10% equity in SA music streaming service NicheStreem

    South African media company Media24, has invested an undisclosed amount to acquire 10% of music streaming service NicheStreem. The service focuses on emerging markets and curated music solutions. NicheStreem and its product The service is solely founded by Catherine Lückhoff, who was previously an Exco member of Silicon Cape, as well as chief business development officers and head of brand strategy at Bozza.mobi. Though Lückhoff couldn't give us the exact amount that Media24 had invested, she did say NicheStreem is raising a US$1.5-million round on a US$3.5-million valuation, and 50% of that has been filled so far. NicheStream's first and only product thus far, Liedjie, launched in 2016 as...

  • AUC Venture Lab mentor invests in JewelHub

    One of the AUC Venture Lab's newest mentors, Nada El Mosalamy recently invested an undisclosed amount in online shopping platform, JewelHub after graduating from the accelerator. El Mosalamy met the co-founders of JewelHub, Haytham Ragab and Mohamed Ebeid when she just began mentoring at the AUC Venture Lab. She expressed how Ragab and Ebeid's excitement and passion for their company was a huge factor in swaying her to invest. "It has been a great opportunity to meet JewelHub through my mentoring at AUC Venture Lab. They have been great to work with and help grow. I am very happy with my investment with them...

  • Johnson & Johnson announces Africa Innovation Challenge winners

    Healthcare company, Johnson & Johnson has announced the three winners of the Africa Innovation Challenge at the Global Entrepreneurship congress, which took place in Johannesburg. The three winners submitted ideas around early child development, maternal health, empowering young women, and improving family well-being. "Africa is one of the fastest growing regions of the world, and Johnson & Johnson is proud to support this growth through strong collaborations that encourage innovation and accelerate advancements in the continent’s health systems," said the CSO and MD of Johnson & Johnson, Paul Stoffels, in a press release to Ventureburn. "We are seeing a surge of activity...

  • #YouthStart entrepreneurial challenge open to Cape Town residents

    Created by the City of Cape Town, the #YouthStart Challenge aims to provide young Capetonian entrepreneurs with an opportunity to either grow their business or get it off the ground. The challenge was announced on the DA's website. This year's #YouthStart Challenge will also feature a digital solutions category for entrepreneurs and SMEs operating in the space. "Unemployment, poverty and inequality are some of the biggest challenges in South Africa and young people, in particular, are bearing the brunt," said the City’s mayoral committee member for safety and security; and social services, Alderman JP Smith. "Entrepreneurship has been identified as one of the ways to tackle...