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  • Here are the 20 startups that will take part in accelerator XL Africa’s first cohort

    World Bank accelerator XL Africa yesterday announced the 20 startups it has selected for the first cohort for its scale-up accelerator programme. The 20 include startups in sector such as edtech, fintech, healthtech, transportation and human resources. The accelerator will help the startups gain access to investors and will assist in raising up to $1.5-million in capital. The accelerator will also offering mentoring by global and local experts for the next four months. The startups will also take up a two-week residency in Cape Town between 6 and 17 November which will entail more interaction with mentors, partners and peers. The residency will culminate in...

  • Company Office

    SA consumers no longer willing to pay a premium for big name brands

    Prior to the arrival of the Digital era, marketers and advertisers gained insight into consumer sentiment via door-to-door visits, lengthy paper surveys and tedious questionnaires. Now, by simply scrutinising what consumers are searching for online – and more specifically – which search terms they are actually using, companies and marketers can get an accurate take on what consumers actually want (and what they are concerned about). “In recent years, people have been spending a significant portion of their budgets on mobile phones and connectivity, especially given the initial aura around brands such as Blackberry and Apple, coupled with the fixation...

  • With over a million downloads meet Cameroon’s file sharing service Feem

    Have you ever had issues with transferring files between devices? Then you might be happy to learn that there is a world-class file sharing solution that can solve your issue and it was built in Africa. In fact, it was built by Cameroonian entrepreneur Fritz Ekwoge and his team in Buea, Cameroon. It's called Feem. And it has over one million downloads from people all over the world. It was also covered by the renowned CIO magazine that covers tech. 'One of the features that makes Feem a great product is that you do not need an internet connection but only a...

  • Inaugural Global Youth Index report to be unveiled at the 2017 Misk Global Forum

    The first annual Global Youth Index will be unveiled at the 2017 Misk Global Forum set to take place in Riyadh, Saudi Arabia on 15 and 16 November. The report, which will be prepared by British consumer research agency Populus in collaboration with non-profit Misk Foundation, will reveal how confident and prepared the youth from 21 nations, including the G-20 bloc, are about the Fourth Industrial Revolution. “We are expanding the ambition and scope of the Misk Global Forum. We are set on becoming the pre-eminent global platform to discuss vital issues relating to young people, their future and the knowledge economy,” Shaima Hamidaddin,...

  • Record turnout expected at Startup Grind Cape Town with over 800 tickets issued

    Over 800 tickets have been sold for tonight's Startup Grind Cape Town party and event, which kicks off at 5.30pm at Workshop 17 in the Waterfront. Speaking to Ventureburn yesterday Guillaume de Smedt, who is the chapter 's Cape Town director, said he had already issued 800 free tickets to tonight's event which will feature Takealot co-CEO Willem van Biljon. There will also be live music and entertainment. De Smedt said he expects about 40% of those that got tickets to drop out, but has as a contingency measure organised special viewing screens in rooms around at Workshop 17 to accommodate the expected additional...

  • Former Rocket Internet man tells how he cloned firms, from Cape Town to Bangkok

    Cape Town born Tauriq Brown always wanted to be an international businessman. He may claim to be an entrepreneur. But the 28-year-old former Rocket Internet employee is just one of the hundreds employed by massive venture-builder companies to clone and run companies for them. As a venture builder, Brown (pictured middle, above) has been involved in starting and running at least five ventures, on behalf of venture-builder companies Rocket Internet and Mountain Partners, which is headquartered in Switzerland. This has taken him to Nigeria, Vietnam and now to Thailand, where he is employed as managing director for 15-year old Thai lingerie company Kyra Mode. Yet he admits he still draws a...

  • Six time management tips startups can deploy to use to make more money

    Everybody knows the saying "Time is money". It’s a phrase so old that the creator has been lost to the mists of time and exhausted minds. Time is, by far, the most elusive resource when it comes to building a company and creating a product. Every action has an opportunity cost, as does every inaction. So how does the entrepreneur handle the challenge of time versus tasks, especially when the latter seem to pile up like emails in an untended inbox? Every action has an opportunity cost, as does every inaction. So how can an entrepreneur improve their time management skills? Here then...

  • SA startup Pineapple secures R5.2m to take on short-term insurance market

    SA insurtech startup Pineapple has secured R5.2-million in seed funding from Lireas Holdings, the strategic investment arm of Hannover-Re Group Africa, in return for a 25% stake in the business. The startup, which is based in Johannesburg, made the announcement yesterday to Ventureburn. The funding will help the company to bring their innovative insurance offering to market by funding marketing, development and staff costs. Pineapple co-founder and former actuarial science graduate Matthew Elan Smith, 24 (pictured above right, with co-founders developer Ndabenhle Junior Ngulube, 26 and accountant Marnus van Heerden, 26) said he and his fellow co-founders are in the process of signing...

  • Want to join UCT’s incubator programme? Here’s what you need to consider

    Interested in joining the UCT Graduate School of Business MTN Solution Space’s Venture Incubation Programme? Startups should be prepared to fail many times and not give up, says Andrew Valentine one of the senior advisors at the incubator. Valentine (pictured), who is an entrepreneur-in-residence at the MTN Solution Space, says entrepreneurs who are keen to join the incubator should understand that running your own business is challenging and a full-time affair. Since the centre launched the programme last year it has held four cohorts in both its summer and winter schools and incubated a total of 20 startups overall, most of which have evolved into profitable businesses,...

  • SA’s ProsperiProp plans to run two ICOs to get around crowdfunding challenge

    South African startup ProsperiProp plans to hold two initial coin offerings (ICOs) for investors to invest in international property -- with the first next Friday, 8 September -- to get around South Africa's lack of crowdfunding regulations. Traditionally investors need to put down tens to hundreds of thousands of dollars to invest in property, but ProsperiProp wants to give the man on the street a chance to invest in property The startup's founder and CEO Llew Morkel said the first ICO will be aimed largely at international investors, using a cryptocurrency created by the company, called “PROPX”. The ICO aims to raise between $60-million and $120-million in PROPX...

  • Startups misjudge complexity of dealing with corporate says Standard Bank head

    Startups should understand the complexity of dealing with large corporations. Failing to do so could put a strain on their resources, cautions Jayshree Naidoo, the head of the Standard Bank Incubator. In an interview with Ventureburn on how startups can best prepare themselves to pitch to corporates, Naidoo adds that entrepreneurs should take the necessary steps to protect their IP before presenting to a corporate. She adds that many corporates won't enter into an NDA unless they see potential value in the solution for their respective corporate. Startups should understand the complexity of dealing with large corporations, says Standard Bank exec She says the bank gets on average at least 10 to 15 requests a month through...