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  • Social entrepreneurship is on the rise, says Global Entrepreneurship Monitor report

    It looks as though social entrepreneurs are on the rise. This is according to the Global Entrepreneurship Monitor (GEM)'s special report on Social Entrepreneurship. Sub-Saharan African has one of the highest social entrepreneurial activities with 9%, which is followed by Southeast Asia with 3.8%. Those are lower than the US and Australia's 11%. According to a press release sent to Ventureburn, the report was "based on interviews with 167 793 adults in 58 economies in 2015." "Social entrepreneurship -- which GEM defines broadly as any kind of activity, organisation or initiative that has a particularly social, environmental or community objective -- is now...

  • Company Office

    Beyond Innovation – it’s Innovation velocity that really matters…

    '5 Ways to Drive Innovation'…'The World's Most Innovative Leaders'….'The Latest Innovations in Fintech'…sound familiar? In mainstream media, and in the corporate lexicon, the word innovation has become ubiquitous – particularly when discussing entrepreneurship, technology, leadership, and how all three combine. As a result, it has all but lost its meaning. Among startups, for example, product differentiators are often peddled as 'innovations' – when in fact they are simply, product differentiators. Journalists often trumpet the release of a high profile company's latest 'innovation', when in fact it is simply the release of a new product (and should be reported as such!). Why is...

  • Top startup events in South Africa, Africa you should know about this week [13/06/2016]

    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...

  • This infographic shows you how to build a stellar pitch deck

    Ah, the art of the pitch. It's probably the subject you'll see more articles dedicated to on entrepreneurial sites than any other. Small wonder too: a great pitch aimed at the right investor can get you the funding you need to accelerate and grow your startup. And, depending on what kind of pitch you're doing, a great pitch deck can make a massive difference. It can help you stick in the mind of potential investors and illustrate what sets you apart from your potential competitors. But how do you go about building a great pitch deck? According to this...

  • Ride sharing platform GoMyWay reaches one-year milestone, shares customer experiences

    Nigerian ride-sharing startup, GoMyWay, celebrated its one-year birthday of operation on 10 June. The company connects passengers to car-owners who are using the same route or heading for the same destination. To date, the platform has over 4000 registered users and 30 000 seats offered across 20 different Nigerian states. "The benefits of ride-sharing to Nigeria, its citizens and the environment are huge. It has also been interesting to see the role it plays in building new connections, which is something we highlighted in our anniversary video," writes CEO and co-founder Damilola Teidi in a press release to Ventureburn. "Our goal is to...

  • 4 strategies for early global expansion

    Technology has disrupted every industry from retail to media to taxi services — and it has also disrupted how we build businesses. Recent advancements in remote conferencing and analytics enable companies to launch global operations much earlier than in the past. Historically, businesses started small and local. This was the only way to build successful companies because they depended on local manufacturing and supply chains. Establishing international reach right off the bat was costly and unwieldy. Thanks to the disruptive technologies that have emerged in the past several years, the classic growth model proves increasingly limiting. New startups can leverage multiple...

  • FNB crowns WiGroup CEO as winner of 2016 Innovation Awards

    SA banking institution FNB named WiGroup founder and CEO, Bevan Ducasse, as the winner of its FNB Business Innovation Awards for 2016. As Ducasse's prize, FNB and SWISS International Airlines will sponsor his attendance to the Endeavor International Selection Panel (ISP), which takes place in September in Boston, USA. Those selected for ISP will stand a chance of being selected as an Endeavor Entrepreneur, which will grant them access to a global network of founders and mentors. "This accolade is testament to the hard work and dedication that has gone towards establishing wiGroup as a trusted and reputable brand. Innovation and excellence have always...

  • Seedstars names 3 winners at Durban pitching event

    On 8 June, international startup programme, Seedstars, named Guardian Angel, Vitls, and You, Baby & I as winners of the Durban pitching event. Eight pre-selected startups pitched in front of a panel of judges and audience. After the pitches were completed, the judges picked the winners. The three winners will go to Johannesburg where they will compete against winners from Cape Town and Soweto. There, the ultimate winner will go on to represent South Africa in the Seedstars World pitching event in 2017, and stand a chance of winning a US$500 000 equity prize. Jacobs Foundation will award US$50 000 to the best...

  • Testing assumptions at every step is key to MVP success

    To create the best and most relevant product, start-ups need to understand the value of testing all possible assumptions early - even if that results in the product not being what you originally thought it would be. This testing of assumptions may show you that your solution really does solve a problem out there – or it could show you that your perceived need for a solution is really just a perceived one, and that it’s not worth pursuing. This is a tough lesson, sure, but one worth learning before you’ve invested all your money (and the money of...

  • M4JAM’s mystery buyer goes public

    The past few months have been more than a little turbulent for M4JAM, the high-profile micro-jobbing startup. In March, users were told to cash out as founder Andre Hugo scrambled to find a way to save the business. The in May, it was revealed that the company had been bought out and that Hugo and his fellow co-founder Warren Venter would play no further part in the business. At the time, it was unclear who the buyers were, but we can now reveal that Informal Solutions is the company behind the acquisition. As subsidiary of DNI, Informal Solutions specialises...

  • Raising your game: Morake House [SPONSORED]

    United by a love for design, husband and wife Ipeleng and Lebo Morake are college sweethearts. Together, they are the brains behind the Morake Design House, an end-to-end branding consultancy based in Joburg. Designed for each other Power couple Lebo and Ipeleng fell in love 12 years ago when we were both studying design. From early on, they worked on projects together and realised that they make a formidable team! So in 2010 they started our own business, Morake Design House, giving them the creative freedom they need to raise their game. From boutique hotels to trendy restaurants, this stylish...