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  • 4 tips to release employee-driven innovation

    Increasingly, companies are recognising that innovation doesn’t only happen through investment in Research and Development. Businesses stand to gain a competitive advantage by involving people across the company in identifying and acting on innovation opportunities. One such example is British Airways who introduced an online suggestion box for employees to propose how the airline could further reduce emissions and fuel costs. One of the 200 ideas submitted was a suggestion to descale aircraft toilet pipes which led to the airline saving over R13 000 000 through weight reduction and improving the performance of inflight conveniences. This is just one of many...

  • 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...

  • Crowdsourcing newcomer gets R2m cash injection

    Delvv.io, a new player in the South African startup space, has raised funding of R2-million to accelerate its efforts at using the crowd for market research. Entering an increasingly competitive market, Delvv.io aims to redefine how the clients and agencies get feedback during the creative process. According to press release sent to Ventureburn, the global market research industry, valued at US$45-billion, is dominated by a handful of incumbents who have not kept pace with changes in demographic shifts, media consumption habits and online technologies. Traditionally, the process to test an advertisement takes 60 days and can cost upwards of R250 000. Delvv.io...

  • 3 tips for quickly securing a loan for your ecommerce business

    Businesses around the country are still struggling after the recession that hit in 2008. The tightening of the lending market since then hasn’t helped either, with the majority of big banks steering clear of small businesses and new ventures. This has made it incredibly tough to secure funding for an e-commerce organization lately. However, some of the most recent small business financing trends show that, while the upcoming presidential election may continue to derail the economy somewhat, there is continued growth in the online lending market, and banks are likely to ease back into lending to small ventures too. If you’re...

  • Does your business model have the legs to go the distance?

    To successfully run any business, shareholders, managers and directors of SMEs and privately-held companies can create enduring value through challenging the business model. To run any company, however big or small, it is essential to implement the right model for the way the business operates. It is critical to implement a sustainable, financially viable business model that positively impacts as many of the business’s stakeholders as possible. Here are a few tips for doing just that: Face the toughest question of all Challenge whether or not the business model can generate income and value long-term. Many business founders blame insufficient cash flow as the...

  • Top startup events in South Africa, Africa you should know about this week [23/05/2016]

    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...

  • Is your startup prepared for catastrophic data loss?

    If you walked into the office this morning to find that your customer information had been compromised, or a disgruntled employee had wiped a database clean, would you be prepared? Have you set preventative measures in place to safeguard you against total loss? Do you have security features in place to help you retrieve lost data? Are you able to continue with business as usual or would a security breach such as this bring you to a standstill? It’s a lot to think about, but according to USA Today, approximately 43% of businesses encountered a data breach at some level...

  • Fintech has arrived and it’s changing the South African economy

    The unemployment rate in South Africa is at an 11-year high, with 5.7-million people finding themselves without a job. The technological boom in the financial sector is not only making waves in innovation, but it’s also creating jobs and redefining employment roles within existing, traditional businesses. Technology can create employment opportunities Confidence in South Africa from a financial and investor point of view, is the lowest it has been in 5 years, according to Rand Merchant Bank’s Bureau for Economic Research. Because of the somber outlook on the South African economy, investment from the private sector has been limited, hindering job...

  • Medical startup TechnoVera takes #Hack.Jozi crown

    Medical startup TechnoVera on Thursday took top honours at the 2016 #Hack.Jozi competition, walking away with R1-million in funding. The startup beat out some 400 entrants to take the prize, with its idea for smart lockers that reduce the average waiting time for patients collecting chronic medication at primary healthcare collection facilities. Headed up by Neo Hutiri, TechnoVera aims to reduce the waiting time for chronic medications at public healthcare facilities down to three minutes -- the process can currently take anywhere from three to five hours. This isn't the first competition TechnoVera has done well in either....

  • 4 accounting hacks that’ll keep your startup afloat — and profitable

    Many entrepreneurs are not equipped to survive the years of hard work and reach overall success. Lack of finance is one of the biggest reasons for this. For many small and medium business owners, managing finances is one of the most challenging tasks. Poor accounting practices leave business owners in the dark as to their financial standing. While in many companies, this is a role fulfilled by the Chief Financial Officer (CFO), in a startup, this is just one of the many hats the entrepreneur needs to wear. Entrepreneurs make life sacrifices, take risks to follow their dreams and...

  • Investors are hungrier than ever for African startups

    There's never been a better time to be an African startup looking for investment, with the amount of invested capital in the continent more than doubling from 2015. At least that's according to data from the 2016Venture Finance in Africa research, conducted by VC4Africa. The research, which saw the organisation collect data from 462 ventures from 41 African countries (see chart below) and 140 Africa-focused investors from 25 countries around the world, shows that US$73-million was invested in 224 ventures who took part in the survey. With an average investment of US$326 000, that's significantly higher than US$27-million invested...