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  • GEM looking into questionable data says director

    Global Entrepreneurship Monitor (GEM) executive director Mike Herrington says he and his team are looking into the accuracy of various data in its annual global report. This, after the GEM team discovered that several of the 54 countries surveyed in the year's report - released in January - had seen significant changes in the rate of entrepreneurship for adults that the report tracks. In Malaysia the total early stage entrepreneurial activity (TEA) rate rose by a massive 16.9% from 2016 to 2017 – from 4.7% to 21.6%. The rate measures the number of adults between 18 and 64 involved in starting or...

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    Free WiFi grows Citizen Journalism in the City of Tshwane

    Project Isizwe, a non-profit organisation that aims to bring the internet to people across South Africa, said on Wednesday it is encouraged that citizen journalism using video news is rapidly growing in the City of Tshwane on the back of free WiFi. Citizen journalism is provided through WiFi TV, a video-on-demand service of relevant and engaging video content distributed over the Tshwane Free WiFi network that the City of Tshwane has provided for its citizens. The WiFi TV service offers 5 channels and hosts content created by young film makers living in the various areas of the City of Tshwane providing...

  • Craig Wing’s six tips on launching new projects, dealing with setbacks

    Having founded two startups -- including a visual aid company Focal Point Engineering and cleantech firm Cleantech U -- and led several enterprise projects, serial entrepreneur Craig Wing is no stranger to setbacks. Wing's most recent project, Hackr House -- a Johannesburg "live-in" tech entrepreneur development programme failed to take off in February as scheduled -- and the founder is back at the drawing board, working on the project's next steps. Read more: Why Joburg’s HackR House stands empty a month after intended launch These are moments founders dread -- and perhaps define how good an entrepreneur you are -- when your startup...

  • Why Joburg’s HackR House stands empty a month after intended launch

    It began as an idea to get entrepreneurs to live and work together in one house. Now Johannesburg's HackR House -- which was set to launch last month -- stands empty, while founder Craig Wing ponders what to do next. Wing's idea stemmed from his experience working in Silicon Valley where he ran a cleantech startup and his belief that tech entrepreneurs need round-the clock support -- and that those that live (and work) together will have a higher probability of success. The "live-in" programme aimed to give participants business coaching and mentoring in addition to access to other support services. But after receiving only eight applications for the...

  • Global Startup Awards: Nominations for Southern Africa open 31 March

    Nominations for the inaugural Southern African Startup Awards -- the regional finals of the Global Startup Awards -- are set to officially open on Saturday (31 March). In a post on Facebook Monday (26 March), the Southern African circuit of the Global Startup Awards called for nominations of startups and entrepreneurs from any of the 15 Southern African Development Community (SADC) countries. The Global Startup Awards, which have been held annually around the world since 2012 in Denmark, aim to select and recognise startups and entrepreneurs who have shown outstanding achievement in business and service to the community. The grand finale of the inaugural...

  • Competition offers £250 000 in prizes to stimulate off-grid cold chain technology

    The Global LEAP Off-Grid Cold Chain Challenge (OGCCC) – a competition to develop innovative and energy-efficient off-grid cold storage technology – launched yesterday in Nairobi, Kenya. In a press releases yesterday the UK Department for International Development’s (DfID) said the challenge -- which forms part of the department's Ideas to Impact programme -- will offer £250 000 in prizes for off-grid cold chain technologies deployed in select Sub-Saharan African countries. The goal of the competition is to stimulate innovation and investment in the sector and help to drive market development, bringing prices down for those who need it most. Innovation prizes of up to £50...

  • Craft brewer Drifter raises R1m in first day of equity crowdfunding campaign [Updated]

    Cape Town-based Drifter Brewing Company has raised over R1-million, hours after its equity crowdfunding campaign went live on equity crowdfunding platform Uprise.Africa. The craft brewer is looking to raise R3-million for 12.1875% equity over the next 59 days . At the time of publication Drifter had raised R1 013 000 from nine investors. The company is accepting investments from R1000 and above. In a phone call with Ventureburn, Uprise.Africa marketing officer Inge Prins said the campaign went live last night (27 March) at 7pm. "Their value proposition is clear to customers," Prins said, explaining why the campaign had taken off quickly. Drifter is aiming...

  • Was SA startup TechnoVera overlooked for Gauteng pharmacy ATM? [Opinion]

    On 15 March 2018, the Gauteng Department of Health (GDoH) in South Africa unveiled what they called a "historic ATM pharmacy". The first ATM pharmacy machine was deployed and launched in the Alexandra township of Johannesburg, at the Alexandra Plaza Shopping Centre. Also known as the "Pharmacy Dispensing Unit (PDU)", GDoH went on to state that the PDU is "the first of its kind on the African continent and will reduce congestion in public healthcare facilities". How the PDU works is like a typical cash ATM, but for medication. It allows patients to insert their unique "ATM" cards to start the...

  • SA startup Cape Networks to be acquired by Hewlett Packard Enterprise

    Cape Networks, a software as a service and hardware startup based in Cape Town and San Francisco, is set to be acquired by IT giant Hewlett Packard Enterprise (HPE) for a yet-to-be-disclosed price. In a statement late yesterday (27 March), HPE announced it had a definitive agreement to acquire Cape Networks, which uses Internet of Things (IoT) sensors to monitor and optimise Wi-Fi networks. The acquisition will see Cape Networks merge with Aruba, an HPE subsidiary which specialises in data networking solutions. The acquisition, set to conclude in the next couple of weeks, will see Cape Networks join HPE subsidiary Aruba Cape Networks co-founder David Wilson...

  • Injini winds up African tour a week before application deadline for second cohort

    With just under a week left until applications for Injini's second cohort close, the edtech incubator was expected to yesterday wind up a three-week African tour in Cape Town. The tour saw members of Injini's team hold events in Lagos, Accra, Nairobi, Dar es Salaam, Abidjan and Kampala. "We wanted to get a sense of the ecosystem around the continent," Injini co-founder Jamie Martin (pictured above, far right at the Lagos event during the tour) said in a phone call yesterday, speaking ahead of the tour's last event held in Cape Town. "There's a feeling on the continent that education is broken and we...

  • Bitcoin, blockchain rules must evolve as sector matures – cryptocurrency expert

    Regulations around initial coin offerings (ICOs) and cryptocurrencies including Bitcoin should be flexible enough to enable them to be regularly updated as regulators gain a better understanding for the sector. So says cryptocurrency expert David Orban. Regulations on cryptocurrencies and ICOs differ from country to country, with some like Korea and China having banned ICOs and others such as Russia and France planning to bring out regulations on cryptocurrency (see this Bloomberg story published yesterday). Bitcoin and other tokens are not regulated in South Africa. Speaking by telephone from an event held today the Cape Town International Convention Centre (CTICC) by SA fintech startup...