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  • Want to join UCT’s incubator programme? Here’s what you need to consider

    Interested in joining the UCT Graduate School of Business MTN Solution Space’s Venture Incubation Programme? Startups should be prepared to fail many times and not give up, says Andrew Valentine one of the senior advisors at the incubator. Valentine (pictured), who is an entrepreneur-in-residence at the MTN Solution Space, says entrepreneurs who are keen to join the incubator should understand that running your own business is challenging and a full-time affair. Since the centre launched the programme last year it has held four cohorts in both its summer and winter schools and incubated a total of 20 startups overall, most of which have evolved into profitable businesses,...

  • Company Office

    Barclays accelerator announces latest participants in African programme

    Barclays Africa Group and Techstars today released the names of 10 financial-technology (fintech) companies selected to participate in the second Barclays Accelerator programme, powered by Techstars. The successful companies, all focused on providing fintech solutions in Africa, will participate in a 13-week growth acceleration programme at Barclays Africa’s Rise fintech innovation hub in Cape Town from mid-May. The 2017 programme participants are: Flexpay (Kenya), Howler (South Africa), Spatialedge (South Africa), Abe.ai (USA), The Sun Exchange (South Africa), Byte Money (South Africa), Avenews-GT (Israel), FOMO Travel (South Africa), Kapitalwise (USA) and eCOIDA (South Africa). Yasaman Hadjibashi, chief creation officer at Barclays Africa Group, said:...

  • SA’s ProsperiProp plans to run two ICOs to get around crowdfunding challenge

    South African startup ProsperiProp plans to hold two initial coin offerings (ICOs) for investors to invest in international property -- with the first next Friday, 8 September -- to get around South Africa's lack of crowdfunding regulations. Traditionally investors need to put down tens to hundreds of thousands of dollars to invest in property, but ProsperiProp wants to give the man on the street a chance to invest in property The startup's founder and CEO Llew Morkel said the first ICO will be aimed largely at international investors, using a cryptocurrency created by the company, called “PROPX”. The ICO aims to raise between $60-million and $120-million in PROPX...

  • Startups misjudge complexity of dealing with corporate says Standard Bank head

    Startups should understand the complexity of dealing with large corporations. Failing to do so could put a strain on their resources, cautions Jayshree Naidoo, the head of the Standard Bank Incubator. In an interview with Ventureburn on how startups can best prepare themselves to pitch to corporates, Naidoo adds that entrepreneurs should take the necessary steps to protect their IP before presenting to a corporate. She adds that many corporates won't enter into an NDA unless they see potential value in the solution for their respective corporate. Startups should understand the complexity of dealing with large corporations, says Standard Bank exec She says the bank gets on average at least 10 to 15 requests a month through...

  • The First 90 Days podcast will give raw account of startup growth claims founder

    Lauren Davies founder of virtual business incubator The Growth Academy believes there is need for transparency around the process of starting a startups and growing a business. Davies is partnering with US-based venture builder WotWot Ventures to run The First 90 Days podcast. Through the podcast the two plan to provide a raw account of their startup Upski's journey from idea to business in three months. Davies (pictured), who is involved in the Future Females platform launched earlier this month, told Ventureburn that the first episode of the podcast, Day 1, will go live next Wednesday (6 September). The series will feature content developed by her and Mark Berman, co-founder of...

  • The do’s and don’t’s of mixing business with pleasure [Sponsored]

    The majority of us spend most of our time, sadly enough, in work. And because of this it's easy to see how so many of us find a partner, a fling or a sense of excitement with someone in the work place. The chance encounters in work, the meeting up on a dating website or the years of working with someone you like very often boils down to an office romance that can improve or destroy your working day. Whether you're already seeing someone in work or a love interest has recently become single here are some do's and don'ts to help...

  • Startups have until Friday to complete first #GoGettaz quiz to win $100 000

    Entrepreneurs looking to win $100 000 in prize money have until Friday to take part in the first in four quizzes in Econet Group chairman and entrepreneur Strive Masiyiwa's #GoGettaz competition. Masiyiwa kicked off the competition, run by his television channel Kwesé Inc, earlier this month. The challenge is currently available at win.kwese.com, Masiywa said in a press release today. Two entrepreneurs – one male and one female – from anywhere in the world stand a chance to each win a cash prize of $100 000 and a trip to spend two weeks with Masiyiwa's as “Kwesé Entrepreneur Fellows” at the Kwesé offices in South Africa. Contestants do...

  • Seven Southern African innovators to pitch for €20 000 HiiL Justice Accelerator

    Seven innovators from South Africa and Zimbabwe have been selected to take part in the regional semi-finals of The Hague Institute for Innovation of Law (HiiL) annual Innovating Justice Challenge set to take place at OPEN Maboneng in Johannesburg on 13 October. The seven, whose names were announced last Friday by HiiL, will get an opportunity to present their ideas to a panel made up of representatives from HiiL’s Boostcamp, legal and innovation experts. They were chosen from 80 applicants from Southern African region. In total 10 regions are taking part in the challenge. The seven include South African startups Lady Liberty, NuvaLaw, Comic Contracts and MoLLy...

  • SA payments platform Nomanini selected as MIT awards finalist, nets $35 000

    South African based payments platform Nomanini has been selected from among 300 companies as one of four finalists in the financial inclusion category of the MIT Inclusive Innovation Challenge. In addition Nomanini has received a $35 000 award in recognition of its transformative approach to driving economic opportunity in the digital age, the Cape Town based company said in a press release today. The company, which provides banks and mobile operators with a better way to serve the continent's informal sector, plans to use the funds to help boost financial inclusion via local informal retail merchants, who serve as a daily touch point for over 80% of people in...

  • Top startup events in South Africa, Africa you should know about this week [28/08/2017]

    Looking to get into the South African startup scene or catch 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...

  • Dutch consulate announces names of startups for #cocreate2ACCELERATE 2017

    The Dutch consulate in Cape Town today announced the names of those South African and Dutch startups that will take part in #cocreate2ACCELERATE 2017. The programme, an initiative the Netherlands Consulate General in Cape Town introduced last year, is aimed at building of relationships between high-potential young companies from the Netherlands and South Africa. This year the initiative will include a long programme based on a rigorous process aimed at matching companies from both countries within specific vertical sectors to actively collaborate in the solving of identified challenges. A short programme will accompany this process and is aimed at introducing Dutch companies to the Cape...

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