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  • Tech startups must spend more time on honing target market says MTN manager

    Tech entrepreneurs must spend more time developing a complete value proposition for the apps and web platforms that they pitch to corporates, says MTN's general manager of digital commercial management Mophethe Moletsane. "Unfortunately, most startups do the work on the solution, but are quick to rush to their demos without contextualising the market opportunity," says Moletsane. He says aligning the app, widget or platform to the strategic initiatives is everything for a big organisation. Unfortunately, most startups do the work on the solution, but are quick to rush to their demos without contextualising the market opportunity, says MTN manager Read more below on the advice he has for startups...

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    Catching a Ride With Zapacab – Tech Report

    Zapacab made its first appearance on TV this past week on eNCA Tech Report. Seth Rotherham of 2OceansVibe gives a great run down of the benefits of using our app. Enjoy!

  • Female-only YHER Accelerator to offer participants two prizes of $20 000 each

    Australian accelerator Spark* has opened applications for YHER , a week-long Johannesburg-based acceleration programme aimed at female entrepreneurs in Africa which it aims to launch in November. The first cohort of 15 female founders of early-stage startups from across the continent will take participate in the accelerator programme which will take place between 11 and 17 November in Johannesburg. Two prizes, each of $25 000 Australian dollars ($20 000), will be awarded to participants during the programme. To qualify interested applicants must be running an early-stage startup and be developing solutions that improve the lives of women and girls living in poverty, and must have gained traction...

  • ‘SA Reserve Bank offers no protection for those that take part in ICOs’

    As China's ban on initial coin offerings (ICOs) has lead to renewed concerns over the use of cryptocurrencies, South Africa's Reserve Bank says it offers "no recourse or protection" to consumers involved in ICOs. In response to questions from Ventureburn on whether it is concerned on the legality of ICOs following their banning in China and move to regulate them in the US, the Reserve Bank said in a statement to Ventureburn that it has taken note of regulatory developments surrounding initial coin offerings (ICOs). "In South Africa, cryptocurrencies are not guaranteed by the SARB (SA Reserve Bank), hence offer no recourse or...

  • #cocreate2ACCELERATE announces deal between SA startup Santerno, MEDx

    South African startup Santerno Health & Wellness has signed an agreement to partner with Dutch healthtech startup MEDx eHealthCenter on a healthtech pilot, Duthc initiative #cocreate2ACCELERATE announced in a press release today. The partnership is the first tangible outcome of the #cocreate2ACCELERATE programme, an initiative of the Dutch Consul in South Africa which aims to link Dutch and SA startups. Read more: Dutch consulate announces names of startups for #cocreate2ACCELERATE 2017 The pilot aims to demonstrate how the MEDx Care integrated health technology can make a difference in the simplification of health processes. “We are excited about the partnership between Santerno and MEDx. Both organisations share the common belief...

  • SA startup ProsperiProp delays ICO following China’s ban on token offerings

    South African startup ProsperiProp has delayed by one week its PROPX initial coin offerings (ICO) -- which it planned to run on Friday, 8 September -- following China's decision to ban ICOs in China and the US's moves last month to begin regulating ICOs. The ICO, which will be aimed largely at international investors looking to invest in international property and will use a cryptocurrency created by the company called “PROPX”, will now be run next week Friday (15 September). 'Based on this current market volatility, we have decided to allow the storm to pass before launching our ICO' It follows an announcement last month by ProsperiProp founder and...

  • Adapt or be disrupted, Ran Neu-Ner implores business at Innovation Summit

    Business must adapt or risk being disrupted, marketer and Creative Council group Co-CEO Ran Neu-Ner, told delegates at a Cape Town conference. Speaking at the Innovation Summit at the Cape Town Stadium which kicked off today and runs until Friday, Neu-Ner said all businesses will need to move away from what they presently define themselves as doing and move to become data firms -- if they are to prosper in the future economy. He singles out the example of a recent Nike's sports app: "They got a 100 million users in three months because they started to say 'we're a data...

  • Here’s what you need to know before you apply to Propella’s incubator programme

    Are you running a tech startup in or near Port Elizabeth? Looking to get into an incubation programme? Here's what you need to know about the Propella's business incubator programme. Propella was launched in 2015 through a partnership by business support company Engeli Enterprise Development and Nelson Mandela University owned commercial company Innovolve in an effort to develop tech startups in Nelson Mandela Bay. Propella provides support for startups working in ICT, renewable energy, smart city solutions, energy efficiency and advanced manufacturing sectors Grant Minnie, the senior industrial advisor at Propella, told Ventureburn that startups interested in joining the accelerator need to be aware of the...

  • Tech startups crucial to Pick n Pay’s technology strategy says executive

    South Africa retail giant Pick n Pay has in the last year worked closely with "at least" 10 startups on various projects that have been delivered into the business, says the retailer's deputy CEO Richard van Rensburg. "Tech startups are crucial to Pick n Pay’s technology strategy," Van Rensburg told Ventureburn last week, in a set of emailed responses. He says over half of the retailer's spend on innovation is with startups. "We have recently completed re-platforming all our systems across the group , from in-store point-of-sale (systems) through logistics and distribution, buying, customer loyalty and finance. Our core business systems are up to date and...

  • SA VC firm Knife Capital expands to UK in deal with former rugby star Bob Skinstad

    Venture capital (VC) firm Knife Capital has expanded into London after introducing UK-based Draper-Gain Investments as a strategic investor. It follows Knife Capital's management buyout last week from JSE-listed African Dawn Capital. The London office will accelerate the international growth of companies within Knife Capital’s investment portfolio. Draper-Gain is a family office with significant global resources including existing investments in South Africa. The transaction was facilitated by entrepreneur and angel investor Bob Skinstad (pictured above, right) who is Knife Capital’s partner in KNF Ventures, a SA Revenue Services (Sars) Section 12J VC company. South African 12J schemes were created to promote early stage capital...

  • Crackdown on ICOs only a temporary setback believes Bitcoin Foundation head

    China’s announcement today that it has banned all initial coin offerings (ICOs) might be “unexpected”, says Bitcoin Foundation executive director Llew Claasen but is only a temporary setback for startups looking to raise capital through ICOs he adds. He said the decision by Chinese authorities to ban ICOs rather than to regulate them as the US is moving to do, is simply another way to "deal with it” and that going forward regulators are likely to gain a clearer understanding on what can and cannot be done. He added however that it would be “very unfortunate” for startups in need of early-stage venture capital (VC) finance...