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  • Biosimilars: the next great biotech investment?

    Entrepreneurs are all about disruption. As crowded as many industries have become with thousands of startups competing for market share, one area still has a curiously high ratio of opportunity to competitors: biotechnology. Even more interesting, the advent of biosimilars and the wave of patents on their production set to expire before 2020 — worth about $67 billion — indicate that biotech startups are about to have a lot more room to expand. What Are Biosimilars? Biosimilars are price-friendly versions of biologics — drugs used to treat a range of diseases, such as cancer, arthritis, and diabetes. Most nonbiologic drugs have...

  • 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...

  • #Hack.Jozi: 100 shortlisted entrepreneurs receiving mentoring

    The #Hack.Jozi Challenge, now in its second year, has whittled down entries from some 400 entrepreneurs to around 100 contestants looking to use technology to improve life in Johannesburg. The 100 entrepreneurs are currently undergoing the first training and mentoring leg of the challenge. Within the next week or so, the top 100 projects will be narrowed down to 20 candidates with the final 10 announced in late April. Following a series demo days, the final three winners will be announced on 19 May. The #Hack.Jozi Challenge is a boot camp for start-up entrepreneurs that was...

  • Startups, here’s how to make money [infographic]

    You may be bored with your current job, longing for the day when you can be your own boss. There many be a business idea, a product, a solution rattling around in your head, and you may have the intention of creating a startup around it. The question is, how do you make money out of your idea? Funders & Founders have put together a small infographic on just how to achieve your goal. It's not in-depth, and some may want to look at their previous infographics, such as doing things that don't scale and how to nab that investor,...

  • These are the 10 African startups entering Barclays’ Rise programme

    Barclays Africa has announced the 10 startups that will enter its Rise programme. The programme, run in partnership with TechStars, aims to provide mentorship and developmentfor startups working on breakthrough financial technology (fintech) innovations. It is the first time that the programme is being run in Africa. More than 450 start-ups from over 45 countries applied for one of the ten places on the programme. The chosen fintech companies range from a solution empowering the financial literacy and inclusion of people with special needs, to one that allows governments to convert physical land titles to digital copies on an...

  • 4 Ecommerce strategies for reaching a newly defined middle-class

    The Dot-com bubble at the turn of the century was part of a new focus on technology in the digital age. Today we take for granted that we can check our email, keep up to date with our family and friends, and even complete entire assignments for work from a small rectangle that fits in the palm of our hand. Information that used to take hours of research in a library to acquire is now available through a 2.7 second Google search. We are in a new age of instantaneous information, and as the economy shifts to compensate for these...

  • SA innovation scientist wins space at Singularity University, wants to cure HIV

    Nick Walker, an innovation scientist looking to stem cells for an HIV cure, has won the South African edition of the Singularity University Global Impact Competition (GIC), and with it the chance to attend a 10-week course at the prestigious innovation institution. The scientist currently works at Next Biosciences, Africa's leading stem cell laboratory and cryogenic biobank, based in Johannesburg, South Africa. Walker completed his BSc, BSc (Hons, Cum Laude) and PhD at the University of KwaZulu-Natal in Pietermaritzburg. In his PhD work he focussed on the role of the extracellular matrix (ECM) on various aspects of...

  • It’s hot in Asia: VC funding doubled year-on-year in Q1 2016

    Talks of a cooldown appears to be just that – talk. For now at least. According to Tech in Asia’s data, venture capital funding in Asia has doubled in Q1 2016 compared to the same period in 2015. Things get even more interesting when we break down the numbers by region. China has grown at a blistering pace, with its venture capital funding doubling to US$14.5 billion in Q1 2016 against Q1 2015. The country’s cooling stock market appears to have not affected investor confidence yet. Southeast Asia exhibited the most growth in terms of percentage: it grew 2.5 times to...

  • 7 tools that make an entrepreneur’s day simpler and more productive

    Busy entrepreneurs have many responsibilities to manage each day, from doing the admin and managing finances, to attending meetings, conference calls and networking to overseeing staff and communicating with customers and suppliers. During these busy times technology is a big enabler, entrepreneurs benefit greatly from the apps and online resources they have at their disposal. Below are some online resources that make an entrepreneur’s day simpler, more convenient and more productive. 1. Banking apps The reality for a small business is that you need agility; to be able to do things immediately. Whether it’s to do payments and transfers...

  • These are the 10 South Africans vying for a place at Singularity University

    Towards the end of February, we told you about the South African leg of the Singularity University Global Impact Competition (GIC), presented in collaboration with Rand Merchant Bank. With the winner standing to win a 10 week course at the prestigious Singularity University, there's plenty incentive to enter. In order to do so, people had to come up with innovative ideas for positively impacting millions of lives, both locally and globally through the use of technology. On Wednesday, the 10 finalists for the competition were announced, with a fairly wide spread of idea represented. The 10 finalists were selected...

  • Entrepreneurs, learn how Elon Musk got started [infographic]

    Becoming a tech entrepreneur doesn't just happen overnight. Besides having failures and successes in business, you'll have failures and successes in your personal life. Even big names, like Elon Musk, has had an interesting journey to where he is today. In an infographic created by Anna Vital, and hosted on Funder and Founders, it details Musk's life from when he was born until the end of 2015. It also takes a cheeky turn by chronicling events that have yet to happen, going past 2025 to when the supposed Mars Colonial Transporter launches. In addition to the infographic, the website also contains a...