Africa, Entrepreneurship, News

SA startups catch a tax break as Reserve Bank allows for offshore IP transfer

Intellectual Property The South African Reserve Bank (SARB) has relaxed regulations for private companies in the country, which now makes it possible to transfer intellectual property (IP) offshore, reports TechCentral. According to ENS Africa IP director Chris Bull, restrictions on intellectual property assets has been one of the key obstacles for local businesses to tap into the international venture capital market. For private companies operating in technology, media, telecommunications, exploration and research and development sectors, it's now possible to seek approval for ...

Entrepreneurship, Startups

Flipboard’s Eric Feng: ‘build a team with potential, not specific expertise’

ANCHORMAN On May 5th at Beijing’s funky co-working space Tech Temple, Startup Grind’s Beijing Chapter hosted its inaugural event by welcoming Eric Feng. Feng is currently the CTO of Flipboard, and previously was the founding CTO of Hulu and a former venture capitalist at Kleiner Perkins. Feng actually has close ties to China, as he spent time at Microsoft Research in Beijing he also founded the video startup Mojiti, which was ultimately acquired by Hulu and became the core technology behind ...

Africa, Operating systems

5 reasons why Africa hasn’t embraced social business software… yet

co-creation Africa's adoption of social business software (SBS) has been at a much slower pace when compared to other continents. In fact, a recent visit to the US lifted the lid on a maturing market for SBS, a trend local businesses would do well to take note of. Enterprises across industries are using this approach to business supported by class software for high-impact engagement of various corporate audiences, unlocking huge value in doing so. Whether they're sourcing ideas, gathering market intelligence or ...

Africa, News

EY report shows where investors are putting their money in Africa

EY-lead-image A recent report released by Ernst & Young, titled Executing Growth, EY’s 2014 Africa Attractiveness Survey, shows that foreign direct investment (FDI) in Sub-Saharan Africa has gone up by a massive 4.7% last year. With investment in technology, media and telecommunications showing the highest growth, and the retail industry second highest, the study also found a general shift from extractive industries like oil, gas and minerals to consumer-related sectors. This is very good news for the region indeed. Based on combined ...

Ecommerce, News

Breaking: ecommerce player uAfrica raises $1.5million funding round

uAfrica South African ecommerce outfit uAfrica has closed a US$1.5-million funding round led by online auction site Bidorbuy and the company's own managing director, Andy Higgins. The service was founded in 2004 and, in its current guise, provides cloud-based ecommerce services to small and medium-sized businesses across Africa. Prior to 2012 however, it was known as Jump Shopping and functioned as an online comparative shopping service. The name change came about after Higgins joined the business and saw its offerings expand to include a ...

Advertising & Marketing, Africa, News

Grey Group advertising set to acquire major stake in SA’s Volcano Group

Grey-Group South Africa's ad industry is being shaken up. The global advertising and marketing agency, Grey Group, is today re-entering the South African market after it agreed to acquire a majority stake in The Volcano Group -- one of the country's fastest growing advertising communications groups. The Volcano Group, in turn, is rebranding as Grey Africa, which will focus on developing a strong local presence in South Africa as well as lead the brand's expansion in other key African markets. Grey has been ...

Africa

Send a tweet and get grilled cheese sandwiches delivered to your face

Grilled Cheese Flickr Have you ever glanced up from your computer screen while the sun was rising to the midpoint in the sky, felt your stomach complain in grumbles and wondered where you could find sustenance? Turns out it's pretty easy -- you just hit Twitter. A new pop-up take away service Trojan horse for a tech startup called the Grilled Cheese Club is here to make it all better. Launched today, the Club promises to faithfully deliver helpings of toasted cheesy goodness ...

Africa, Startup news

South African photo editing startup Over wins global U-Start competition

Over-new Hailing from Cape Town, South Africa, mobile app startup Over has been named the number one startup at the international U-Start competition in Milan, Italy. The U-Start competition has sourced impressive early-stage ventures from across the globe. With startups hailing from Brazil, Chile, Russia, South Africa and Europe, eighteen ventures were given the opportunity to pitch their ideas in front of a group of renowned international investors. The five South African startups which were chosen to pitch their businesses in ...

Africa, News

Livity Africa launches Digify to create digitally astute young South Africans

livity Livity Africa is launching a digital bootcamp for youth aged from 18 to 25 interested in pursuing a career in digital. The programme, called Digify, is in association with Google and IAB SA and will teach participants digital and social media skills. Livity Africa is a Cape Town based non-profit company that focuses on launching the careers of young South Africa through paid internships and training programmes. They are most widely known for publishing Live Magazine SA, an online and print ...

Africa

Built in Africa: Meet the young African scientists and engineers competing at Intel’s ISEF

SAMSUNG CSC Built in Africa focuses on entrepreneurs, startups and technologies that hail from the continent and empower its citizens. Touted as the world’s largest international pre-university science competition, Intel's International Science and Engineering Fair (Intel ISEF) provides a platform for young innovators to create, invent and reinvent in the field of science and engineering and hopefully change the world. Annually the competition brings together more than 1 700 high school students from over 70 countries, regions, and territories to showcase their independent research ...

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