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  • Who needs seed funding? Not this Indian VR startup

    It's always refreshing to see emerging markets take to new technologies, and virtual reality (VR) is no exception. So we're glad to see an Indian VR startup not only taking to the technology, but seemingly making a success of it all, as is the case with FlipSpaces. Focused on interior design, FlipSpaces "enables people to visualise how products they are seeking to buy for their home or office look like in virtual  environment similar to their own", the company wrote in an emailed press release. It also claimed to rake in US$1-million in revenue in three months. Prove your mettle and revenue follows...

  • Company Office

    SA consumers doing their product homework before purchase

    At a time when most consumers are spending conservatively, with a hawkish eye on every last Rand, value for money has become paramount. Long gone are the days when people sign on to mobile contracts on a whim, or buy insurance products at the behest of a smiling salesman. With deep-seated economic and political uncertainty prevailing, consumers are looking to inform themselves as best they can before spending a cent. “The good news for sceptical South Africans is that a host of new and sophisticated digital tools are coming online, giving people much-needed access to information,” says Ryan Marx, CEO...

  • The Munching Mongoose crowned Gauteng winner of 702 Small Business Awards

    Gourmet food retailer The Munching Mongoose has taken home the grand prize for the Gauteng leg of the 702 Small Business Awards. "We're overwhelmed to have won. We love that as a result of our service, families spend quality time together centred around great food. We're humbled that our customers enjoy this offering enough to have nominated us for the award," says co-founder of The Munching Mongoose Tamryn Dicks in a press release to Ventureburn. The Munching Mongoose partners with small-scale local producers and delivers a weekly box of healthy foods to consumers. The startup and its partners also donate food to a home for abused...

  • 8 tips on how to pitch your ecommerce business

    The ultimate goal of any business, including yours, is to create an army of loyal customers. Regardless of the stage that your business is in, everything else will follow smoothly from there. Your loyal customers are the ones to keep the business wheels spinning and also keeping your bottom line magnified. So, basically, it all boils down to your customers, which is why it is crucial that you have them. And that you keep them. In order to attract customers to your ecommerce business, you will need to pitch it the right way. While this sentence may seem like common...

  • MyFinda, the ‘first’ search-engine in Kenya

    Myfinda, which claims to be the very first search engine developed in Kenya, has officially been launched by Finda Mobile Application Limited last week. Since the initial activation in January, they've had over 5000 downloads and over 400 businesses registering, the company revealed in a press release emailed to Ventureburn. "The purpose of Myfinda is simple, to make the Kenyan local business visible and accessible," said CEO and founder of Finda Mobile Application Limited, Maliha Sheikh-Sevany. MyFinda is a mobile application directory which enables a business to increase their visibility within the marketplace. It provides customers with access to updates regarding jobs, fashion and currency, to name a few. MyFinda's subscription...

  • Custos Media Technologies sign R5.9-million funding agreement with TIA

    Technology Innovation Agency (TIA) has concluded a R5.9-million investment agreement with anti-piracy company, Custos Media Technologies. The two-year agreement was brought forth after Custos ended a round of financing with high-profile investors which included Innovus Technology Transfer, an undisclosed South African Angel Investor, and a New York-based Currency Group. "TIA has again shown their commitment to support early­stage technology businesses in South Africa. The funding agreement will allow Custos to accelerate product development, while simultaneously freeing up resources to spend on bringing the product to the widest possible market," said CEO of Custos, G J. Van Rooyen. "Custos is a good example of the kind of innovation ventures for which TIA was established to provide support, where science and technology advancements are the basis for creating new products, services and global enterprises," concurred the head of ICT...

  • mSurvey secures Safaricom investment

    Kenyan survey/research platform mSurvey has secured a US $1-million investment from the Safaricom's Spark Venture Fund. This fund seeks to help Kenyan based mobile technology startups with great innovation potential. mSurvey leverages SMS and mobile to reach a wide audience for surveys and research. This is the second investment as well as the largest from the Spark Venture Fund to date. Safaricom Spark along with Silicon Valley's Cross Culture Ventures and the Virgin Group-backed, Caribbean Alpha Angels Network have all invested in mSurvey. The data research company will use the investment to drive M-PESA-related efforts. "This investment enhances our efforts to leverage mSurvey's highly-sophisticated technology...

  • USA looks to create ‘startup visa’ for international entrepreneurs

    The US Department of Homeland Security (DHS) is looking to publish a new rule in order to accommodate foreign startups. Entitled the International Entrepreneur Rule (IER), this will allow foreign entrepreneurs to gain easier entry into the country. "America’s economy has long benefitted from the contributions of immigrant entrepreneurs, from Main Street to Silicon Valley," writes the director of U.S. Citizenship and Immigration Services (USCIS), León Rodríguez, on the organisation's website. "This proposed rule, when finalised, will help our economy grow by expanding immigration options for foreign entrepreneurs who meet certain criteria for creating jobs, attracting investment and generating revenue in the US," he continues. If passed,...

  • Top startup events in South Africa, Africa you should know about this week [29/08/2016]

    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...

  • Africa’s state of entrepreneurship according to Seedstars World

    Over the past 12 months, we have travelled through 13 countries in Sub-Saharan Africa with the mission to find the best entrepreneurs, connect them with investors, partners and media and to study each local innovation and entrepreneurship ecosystem. After travelling through the continent for an entire year and observing all of the different startup ecosystems, we couldn’t be more bullish on the potential for entrepreneurs on this continent. There is still a long way to go in order to make starting and running businesses easier, facilitating trade and traveling and creating policies that allow companies to grow and investors to invest into them....

  • This year’s PriceCheck E-Commerce Award finalists

    This year's PriceCheck E-Commerce Awards is set to kick off their tenth birthday by celebrating some of South Africa's outstanding innovators in the tech and ecommerce industries. "From start to finish, including the way in which the categories are defined, the votes counted, and the judges selected, the PriceCheck Tech & E-Commerce Awards offer up a uniquely unbiased and credible snapshot of what local e-tailers are up to," said founder and CEO of PriceCheck Kevin Tucker in a press release to Ventureburn. "Our goal is to draw attention to the advances that individuals are making in what remains a challenging sector,...