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  • The world of venture capital and a peep into the basics

    Every thriving company has a founding story behind them. Usually it involves college dropouts, friends experimenting in a garage or products sold individually. It makes us wonder how they achieve it. Their success is connected to their passion, perseverance, innovation and usually just being lucky. But the important role venture capital plays in the founding of a company doesn’t usually get told. The money provided to startups in exchange for partial ownership in a business is called venture capital. It helps in changing the direction and potential of the company. Nowadays, it is a necessary in part in industries for...

  • Company Office

    Judges announced for the IAB SA Bookmark Awards 2017

    The IAB SA has announced the list of judges that will decide which contenders will scoop a coveted Bookmark Award in 2017. The team of judges, led by Jury President John Dixon, features more diverse industry players than ever before. Josephine Buys, CEO of IAB SA says, "Our mid-year, judges workshop yielded valuable insights from the best in the business for judging the Bookmarks 2017. We have secured the time and talent of some of the brightest minds in digital and have expanded our pool of experts to include gamers, innovators and engineers.” Judges will now fall under the categories of...

  • 10 startups the New Economy Accelerator thinks are seriously investable

    The New Economy Accelerator, launched in 2015, has announced the graduation of its first cohort of entrepreneurs. The graduating startups, it says, are focused mainly on green and environmental technology and represent an investment opportunity of R22-million. The investor showcase is hosted at the inaugural ATTANE Forum taking place at the Innovation Hub in Pretoria from the 27th -28th of June 2016. The ATTANE Forum is a platform for championing Africa’s transition into a more inclusive and sustainable economy by bringing together thought leaders from business, government and civil society to collaborate towards driving Africa’s development agenda. The 10 startups are:...

  • Top startup events in South Africa, Africa you should know about this week [27/06/2016]

    Looking to get into the South African startup scene or scratch up on some of your skills? Well, you’ve come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we’ve rounded up to make your life a bit easier. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or...

  • LaunchLab picks up BioTech company AzarGen

    Go to most startup incubators and accelerators around South Africa and you'll see a fair few good businesses, but chances are few of them are actively pushing the bounds of science. It's pretty exciting then when you see someone doing something a little different. One such startup, AzarGen, has just joined the LaunchLab in Stellenbosch and it looks pretty damn cool. According to a press release sent to Ventureburn, AzarGen is a biotechnology company focused on developing human therapeutic proteins using advanced genetic engineering and synthetic biology techniques in plants. Started by four PhD students at Stellenbosch University’s Institute...

  • #Brexit: Berlin to shoot past London as Euro startup capital?

    Britain's plans to leave the European Union (EU) will be good news for Germany's startup scene, a major German venture capital provider said. According to Christoph Gerlinger, CEO of Berlin Startups Group, Brexit will see London lagging further behind Berlin. "The Brexit is good news for the German startup scene. Only since 2015 was Berlin able to surpass London, the previously dominant hub of Europe, in the number of and overall volume of financial transactions from startups," Gerlinger explained in a statement. "This development will now accelerate and the distance between Berlin vs. London will increase. We expect a significant decrease in new...

  • The importance of digital finance for financial inclusion in South Africa

    The Banking Association of South Africa defines Financial Inclusion as a development that improves the “range, quality and availability of financial services and products focusing on the unserved, under-served and financially excluded. Principles of financial inclusion include: access, affordability, appropriateness, usage, quality, consumer financial education, innovation and diversification, and simplicity.” According to Bank SETA, 53% of the country’s adult population is unbanked. The reasons vary, including the fear of exploitation, an inability to access physical bank buildings, strict FICA requirements and the steep fees. But factors like the lack of trust in the traditional banking sector, concerns about safety and...

  • This conference wants to connect South Africa’s JAVA coders

    If JAVA is your game, you might want to check this one out. Set to take place on 21 and 22 July in Johannesburg, The I Code Java 2016 Conference is a bid to train and connect Java developers to each other and open up new opportunities in the tech industry. Now in its second year, the conference cites JAVA's popularity as a coding language -- close to 90% of Fortune 500 companies use it -- as a major reason for its existence. According to a press release sent to Ventureburn, the conference is a mix of practical applications...

  • $100m fund launched for impact startups in Africa, Latin America, and Asia

    Capria, a global business accelerator for impact fund managers, on Thursday announced the launch of a US$100-million fund targeting early-stage impact businesses across Africa, Latin America, and Asia. According to a press release sent to Ventureburn the fund plans to invest in at least 15 impact funds over the next five years, significantly expanding Capria Network’s global reach. By 2025, Capria says it hopes to unlock over US$500-million in local and global capital to invest in businesses that will "cumulatively serve more than 5 million low-income people across diverse emerging economies". The fund, which is meant to address the fact...

  • All you need is coffee: innovation in 72 hours

    Innovation isn’t a strategy; it’s a series of orchestrated tactics that solve defined problems, casting aside the status quo in favor of invention and improvement. The magic lies in finding the right idea to take forward. We’ve tried several approaches at my company, but the most effective is the one we use now. We call it “Innovation Sprinting.” What is innovation sprinting? We don’t want to waste time. Our objective is to move from a problem statement to a tangible, testable outcome as efficiently as possible, and we’ve aggressively condensed the time frame to help us achieve this outcome. Over a few...

  • This infographic for entrepreneurs is actually great advice for a successful life

    Being an entrepreneur can be a profoundly rewarding experience. For many, it's a chance to break away from a mundane corporate life and do something truly innovative. But it can also be incredibly challenging and, at times, horribly lonely. As rewarding as leaving corporate life behind might seem, it comes with serious risks, and those can weigh pretty heavily on any entrepreneur's mind. Small wonder then that many entrepreneurs suffer from anxiety and depression. But even for those who aren't clinically diagnosed the road to success can seem more like a mountain traverse. But when everything finally does pull together,...