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WumDrop launches Deliver 2 Me, new address-free delivery option
Startup courier service WumDrop, has launched a new offering, allowing parcel deliveries without the need for an address. The service, which the company calls Deliver 2 Me, uses the receiver's phone and its real-time location. It will also allow users to choose a time for the delivery to take place. "What makes this technology remarkable is its scalability. Deliver 2 Me isn't locked into a native mobile app like most geolocation services - it leverages the increasingly powerful suite of features found in mobile browsers to deliver an accurate delivery location to the driver, and a clean, easy to use interface to the...
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JA Youth Enterprise Development Programme for women now accepting applications
The Junior Achievement (JA) SA, a non-profit organisation, has opened its Youth Enterprise Development Programme, which is set to begin on 6 February 2017. Selected participants will be taken through the 20-week learning programme, which consists of three-hour theoretical and practical sessions taking place twice a week. The participants will be taught various aspects of running a successful business, namely business theory, market research, basic computer literacy, financial and business management as well as sales and marketing. Workshops will take place around SA at various community centres near Gauteng, the Western Cape as well as Limpopo. Those wanting to apply are required to...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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