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  • PE incubator gets new R&D lab

    The SEDA Nelson Mandela Bay ICT Incubator (SNII), based in Port Elizabeth, this week announced the launch of a Research and Development Lab centre, located on-site at its Newton Park technology office business park. According to a press release sent to Ventureburn, the R&D lab offers assistance and support to creatives, entrepreneurs, and small businesses in PE to design and develop apps, software solutions, as well as electronic and mechanical device prototypes. People developing new technologies in the lab will also own the intellectual property and patents on what they develop. The lab forms part of SNII’s technology infrastructure...

  • Company Office

    Netflix: What do South Africans think?

    With the announcement of Netflix launching in South Africa a few months ago, it might have seemed like a belated Christmas gift from America. But has the novelty seemingly worn off quicker than one would expect? There are plenty of reasons why the excitement of Netflix in South Africa seems to have died down. For one, there are not many South Africans who are fortunate to enjoy the luxury of cable TV, never mind Netflix. There is also the added hurdle of using the streaming service with limited to no access to the Internet for many and data bundles that do...

  • Giraffe receives undisclosed seed funding from Omidyar Network

    Recruitment service startup Giraffe has closed a round of seed funding from Silicon Valley-based VC fund Omidyar Network. The VC was established by eBay founder Pierre Omidyar. When inquiring about the funding amount, Giraffe declined to disclose the amount publicly. "Omidyar Network’s focus on job creation and particular expertise in marketplace networks makes them an excellent strategic fit for Giraffe," says co-founder and CEO of Giraffe, Anish Shivdasani. He goes on to say, "We're very proud to have a Silicon Valley investor supporting a South African company, especially at this troubled time of prevailing economic malaise." According to the principal of investments at Omidyar Network, Charmaine Padayachy, the VC...

  • The fintech revolution is here and disrupting banking, Bitcoin not so much…

    I have just returned from Money2020 in Copenhagen, effectively Disneyland for anyone interested in the fintech space. Themed "The Centre of the Revolution", the conference brought together the leading lights of the financial service industry, VC funds and also technological innovators. Just under 4 000 delegates from 70 Countries heard from 422 speakers including leading lights such as Sir Michael Morris, Chairman of Sequoia Capital, Carlos Torres Villa CEO, BBVA, Nicolas Huss, CEO Visa Europe, Blythe Masters CEO Digital Asset holdings as well as the head of Mastercard, the VP of Amazon payments, the CEO of Visa, The COO of...

  • 5 tax questions every entrepreneur should ask in 2016

    It’s tough out there. Entrepreneurs need to do more with less and keep an eye on changes in the tax legislation, as these could affect their payroll calculations and the tax they need to pay on behalf of their employees. Finance Minister Pravin Gordhan’s recent budget speech admirably brought a sound outline for the country’s framework for the next year with some changes in tax legislation. Some of these legislative changes (as included in the amendment Acts and reiterated in the budget speech), such as employee contributions to retirement funds, will most probably have an impact on the company’s payroll...

  • Seedstars World announces 20-country African tour

    Seedstars World, the global seed stage startup competition for emerging markets and fast-growing startup ecosystems, has announced an African tour that will see it travel through 20 countries looking for promising entrepreneurs. The African tour is part of a global effort, comprising bootcamps and pitching competitions in 65 countries around the globe. Alongside bootcamps, each country visited will host a pitching competition with prizes including the opportunity to compete at the Seedstars Summit in Switzerland with the possibility of walking away with up to US$1-million in equity investment and additional prizes. This is the fourth time the organisation...

  • 3 lessons learned from revolutionary changes in the ecommerce space

    With ecommerce rates increasing each year and becoming such a large part of the economy, a tipping point is fast-awaiting many retailers. Ecommerce in 2016 is set for a major revolution. People love to shop. People especially love to shop online because of the comfort it gives them to shop where everything is accessible anytime and anywhere. This access is exceptional - and not just for shoppers. Retailers also get 24/7 access to their customers, residing in different corners of the world. As a result, ecommerce has significantly changed the business model and revised the way shoppers approach...

  • Nairobi bootcamp to up-skill entrepreneurs in fund-sourcing, deal structuring and negotiation

    A Nairobi bootcamp takes place this week, with the aim of bringing together entrepreneurs and investors and educating startups on sourcing for funds, deal structuring and negotiation. Organised by the East African Angel Investor Network and Viktoria Ventures, the event includes a panel consisting of both angel investors and startups that have gone through previous rounds of financing. In an interactive Q&A session, they will relay their experiences to the startups in attendance. This event, which takes place on 14 April at Strathmore University is part of series of events Viktoria Ventures is organising to connect promising entrepreneurs with the local...

  • Start-Up Tel Aviv South Africa aims to reward top female tech entrepreneurs

    If you're one of the very small minority of female technology entrepreneurs in South Africa, you might want to check this out. The Israeli embassy has launched a competition aimed specifically at female-led startups in the seed stage, with the final prize being a week in Tel-Aviv to consult with some of the city's best entrepreneurial minds. The all-expenses-paid trip will take place in September 2016, during the exciting and innovative DLD Festival. According to a press release sent to Ventureburn, the competition judges are looking for "one woman who is actively involved in an innovative company that has...

  • LeWeb founders announce new startups

    Long-time Burn Media readers know how important LeWeb is to Burn Media. It was at the Paris-conference, after all, that the first lines of code for our flagship site Memeburn were written. So when we receive news that conference founders Loic and Geraldine Le Meur are launching their own startups, we're bound to sit up and take notice. Both startups launch in May at exclusive events in Paris and both are aimed at continuing LeWeb's original vision of helping out entrepreneurs. Geraldine is launching The Refiners, a cross-border accelerator aimed at helping foreign startups thrive in Silicon Valley (co-founded...

  • This startup wants to help you level up your knowledge in the most fun way possible

    These days there's a sense that if you're not constantly looking to improve yourself, you might as well be standing still. Given the rate at which the sum total of human knowledge is expanding, there's probably some merit to that. There are plenty of tools out there that aim to help you keep up, but the truth is very few of them are actually fun to use. Enter 42Courses. This Edtech startup, founded by ex-head of Innovation for Ogilvy & Mather in Africa Chris Rawlinson, aims to make the digital world of education the best, fun and most speedily...