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  • Seven days left to apply for #cocreate2ACCELERATE 2017

    There are seven days left to apply for the #cocreate2ACCELERATE initiative, with this year's deadline falling on 24 July 2017. #cocreate2ACCELERATE is an initiative by the Kingdom of the Netherlands through the Dutch Consulate General in South Africa. The programme will focus on five sectors this year, in the form of agritech, bluetech, fintech, healthtech and edutech. The programme will be held between 28 August 2017 and 8 September 2017 in Cape Town. Successful applicants will also be able to participate at the Innovation Summit. Last year's winning participants covered video games, application development and agritech. Read more: Five tech startups chosen for Dutch #cocreate2ACCELERATE challenge Cocreate SA stated...

  • Company Office

    Silvertree Internet Holdings, Africa’s premier internet platform and leading recruiter

    Cape Town:  Silvertree Internet Holdings, founded by Manuel Koser, Peter Allerstorfer, and Paul Cook, is Africa’s premier Internet platform with countless benefits and growth opportunities for prospective employees. After just three years of active investment in Sub-Saharan Africa and beyond, Silvertree Internet Holdings currently invests in over 10 companies across South Africa, Nigeria, Kenya and Ghana; and boasts around 300 employees with 3 million unique users visiting their various online platforms, per month. Within the last year, Silvertree Internet Holdings also achieved one of their greatest successes thus far through the acquisition of PriceCheck (previously Naspers owned). Together with CompareGuru and...

  • PeaceTech Accelerator looking for more startups for its next cohorts

    PeaceTech Accelerator, a Washington DC based cloud innovation centre and scale-up programme devoted to peace technology, is looking for more participants for its next cohort starting on 8 September with the third planned for January next year. PeaceTech Accelerator was launched earlier this year by tech investment firm C5 Accelerate and PeaceTech Lab , a peace building non-profit, in collaboration with cloud computing service provider, Amazon Web Services, and has since graduated its first cohort. It runs eight week programmes for companies and non-profit organisations involved in the development of innovative technologies that promote peace and build stronger, safer societies. Dimitra Hatzudis, external relations coordinator at C5 Accelerate,...

  • Q&A: Karoo Tech Hub hosting developer handling $1 billion a month in spend

    A tech hub in South Africa's Karoo has already attracted 20 to 30 people since launching nine months ago -- including a team of developers who have developed software that handles transaction of over $1-billion a month for clients. "They (Rubberstamp.io) are managing over a $1-billion of spend each month for companies all over the world," says Karoo Tech Hub founder Priscilla Kennedy, of the team that is building and marketing an innovative software that helps companies control their expenses. Rubberstamp.io is currently managing over $1-billion in spend a month for firms all over the world, says Karoo Tech Hub founder Ventureburn asked Kennedy to tell us more about the tech...

  • ‘Percentage of women in tech sector has declined from 40% of professionals’

    The percentage of women in the local IT sector has declined from a level of 40% of professionals in the 1980s claims Cape Town entrepreneur Lorraine Steyn. A 2014 survey by the Joburg Centre for Software Engineering (JCSE) of 711 IT practitioners revealed that only 21% of ICT jobs are held by women. "If we're cutting out 50% of the population from those career opportunities, well I'm pissed off, I want to see the girls in there," said Steyn, speaking at a Startup Grind event at Workshop 17 in Cape Town last night. Steyn, the CEO of Khanyisa Real Systems (KRS), challenged businesses to be more flexible...

  • SA fintech startup Yoco announces it has hit 10 000 SMEs users milestone

    South African payments company Yoco today announced that it now has 10 000 small and medium-sized enterprises (SME) clients in South Africa using its point-of-sale payments platform to accept card payments. “This milestone is indicative of the significant demand for these kinds of services in the SME sector. Over 72% of Yoco merchants had never accepted cards before, a key metric for us at Yoco, as we look to be market makers, not just participants,” said Yoco CEO and co-founder, Katlego Maphai in a press release today. Maphai said the company is adding over 1 000 new SMEs to its base every...

  • SA’s first equity crowdfunding platform to launch later this month

    South Africa's first equity crowdfunding platform will be unveiled by ThundaFund founder Patrick Schofield in a soft launch later this month, Schofield confirmed today. Schofield did not want to comment on the launch of the platform, which is expected to take place in Johannesburg, saying only "at this stage, no comment, treading lightly right now :-)" in an email to Ventureburn. However a source said the soft launch is aimed at creating awareness on the platform to those in the media and to startups in search of equity finance. The platform is expected to initially list six startups or projects, the source said. South Africa's first equity...

  • These were 10 startups that competed in the SA finals of Seedstars World

    Last month saw a sold out Seedstars South Africa final at the Standard Bank Auditorium in Rosebank, Johannesburg -- with Cape Town startup EMGuidance clinching top spot. The startup, which solves a critical problem for medical professionals by aggregating medical content from regional experts in one app, beat off nine other startups. The company will now go on to represent South Africa at the Seedstars Global Summit in April next year, and will have an opportunity to compete for $500 000 in investment capital, participation in the Africa Regional Summit and a global network in over 80 countries around the world. Read more: Meet...

  • So what kind of entrepreneurship is South Africa really trying to promote?

    Backing high tech innovative entrepreneurship is the only way forward for our country, but requires commitment from the private sector and skills development “Entrepreneurship” is on everyone’s agenda. Primary schools are running entrepreneurship days, while companies run hackathons and challenges to find and support budding entrepreneurs. Summing up its key priorities, after the recent ANC National Policy Conference, the organisation’s treasurer-general Zweli Mkhize set as a priority, the development of “entrepreneurial skills” among all South Africans as a way of stimulating what it calls “radical economic development”. While this growing interest in entrepreneurship is very encouraging, we need to be cautious not...

  • Startupbootcamp InsurTech fasttracks head to Johannesburg, Cape Town

    Europe’s leading accelerator programme Startupbootcamp is getting geared up to showcase South Africa’s entrepreneurial talent in the global market through the third series of Startupbootcamp InsurTech FastTrack days. The 2017 FastTrack tour will be coming to Johannesburg on 14 August and Cape Town 17 August 2017. These sessions are free of charge and are aimed at giving young InsurTech startups the opportunity to engage with industry experts, Startupbootcamp said in a press release. FastTrack days give startups an opportunity to present their insurance technology related business idea to the Startupbootcamp InsurTech team and industry experts. Sessions are open to innovative early-stage startups specialising in insurance related areas: virtual and augmented reality, blockchain,...

  • XAfricaMart.com marketplace launches with a transaction fee of just 1.2%

    Online B2B marketplace XAfricaMart.com was launched yesterday in Johannesburg, with its CEO Stephen Oehley claiming that the marketplace has one of the lowest transaction fees in the market for suppliers. The marketplace which is aimed at small and growing businesses, will offer sellers and customers a secure payment platform that mitigates online trading risks and non-delivery. Sellers are charged a 1.2% sales success fee. This compares to Amazon which charges a fee of 3.9% for international transactions, eBay which charges a fee of 3.5% or 10% depending on the number of goods listed on the site and Alibaba which charges a 5% fee. XAfricaMart.com also seeks to network businesses up...