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Startup Blitz: Zapacab talks taxis and being South Africa’s Uber

zapacab1 Ever wished you could just snap your fingers and a taxi would magically appear in front of you? Well, a South African-based startup is working on a similar solution: one that involves a smartphone app that lets you 'zap' a cab. Founded by Paul Donner and Rupert Sully, Zapacab is a high-tech taxi-hailing service that allows passengers to request a ride and track the cab's progress towards their location in real time. The startup, which is currently working towards a public ...

Competition, Startups

Tech Trailblazers Awards adds incentive with Regional Trailblazers Cups

tech trailblazers lead The global Tech Trailblazers Awards for IT startups has announced a new Regional Cup Awards. Every entrant into the global competition will automatically be entered into their Regional Cup - giving them an opportunity at recognition, mentoring and prizes (from an estimated US$1-million fund) not only within their technology sectors, but also in their geographical regions. The Tech Trailblazers Awards describes itself as a new concept in awards, designed explicitly for smaller businesses and startups that are five years old or ...

Startup news

5 top startups emerge from the Global Forum

Entrepreneurs are important. They help drive economies by creating jobs and their disruption of industries can help push innovation forward. Giving them a helping hand is therefore pretty important, which is what the Global Forum, currently taking place in East London, South Africa is all about. And now, Ventureburn can reveal the top five startups from the event's Dragons' Den contest. The winners, selected from the top 20 we wrote about recently, are in reverse order of ranking: Amant Antennas, ...

Startups

How do startup valuations work?

startup_valuations2 Putting a price tag on a young startup is a peculiar practice. While valuation models exist, many agree that it's more of an art than a science, especially in the absence of revenue -- if you've ever wondered how Instagram reached a billion dollar valuation without literally ever having made a cent, you're not alone. When a company is producing a profit or revenue, valuations can be based on thumb-suck math like five to ten times annual profit, or three to ...

Startup news

GoMetro launches in Eastern Cape, brings relief to commuters

As promised, GoMetro is rolling out its traveller information system to railway commuters in the Eastern Cape. The Cape Town startup has a partnered with Metrorail Eastern Cape to become a digital resource for the 40 000 train users of East London and Port Elizabeth. GoMetro's service delivers train schedules, updates, announcements and other important information to commuters' mobile phones. Commuters can also access a trip planner, fare calculator as well as general information like line maps. Updates detailing delays or ...

Startups

Hate shopping? Meet Tate & Tonic, the personalised fashion site for men

tate and tonic A man doesn’t go to the shop. The shop comes to the man. Tate & Tonic comes to you men with curated picks. All this talk about online fashion startups and female clothing made us wonder, “Hey, this isn’t fair! What about the men?” If you’re a male and shopping for clothes happens to be your favorite activity, well, good for you. But for those of you men out there who would rather do something else, you might just want to ...

Africa, Featured

Forget mobile-web: here are 5 sectors in Africa worth your money and innovation

Africa Mobile-web is all the rage in Africa lately, and not without reason. Mobile penetration and access to the internet is going to blow up in the coming years on the continent, connecting around one billion new and empowered consumers waiting to be tapped into. But let's not forget that there are other areas, sectors, that could use our attention - be it in innovation from entrepreneurs, or from funding. Let's take a look at five. Energy The energy crisis on Africa is widespread. ...

Startup news

Africa’s most promising entrepreneurs get special fundraising opportunity

Venture Capital for Africa (VC4Africa), the large African entrepreneur and investor community, launched an opportunity for promising African entrepreneurs to raise capital. Entrepreneurs selected to be a part of VC4Africa's June 2013 Cohort will receive three months of targeted coaching, personal introductions to angel investors and principals at key investment firms. Application closes Wednesday 12 June and selected entrepreneurs will be announced on Wednesday 19 June. Entrepreneurs who apply must have a solid business plan, clear market strategy, a working pilot, ...

Africa, Startup news

Ushahidi’s BRCK reaches and surpasses its Kickstarter goal

BRCK Well this is super cool. The Ushahidi initiative that hopes to connect users the internet no matter where you are and without electricity has done it: the project has raised more than US$125 000 on Kickstarter. BRCK which is described as "the easiest, most reliable way to connect to the internet, anywhere in the world, even when you don’t have electricity," reached and surpassed its goal last night. "At 10:40am PST, we crossed our $125 000 mark with our 814th contributor. ...

Startup news

Meet the top 20 entrepreneurs at the Global Forum

Recognizing entrepreneurs that are doing amazing work around the world is quite important and that's what the Global Forum on Innovation and Technology Entrepreneurship is all about. This year's event is currently taking place in South Africa and touts itself as a "biennial flagship event convening the global innovation and entrepreneurship community to exchange know-how, establish partnerships and develop innovative approaches". It's hosted in partnership with the South African Department of Science and Technology and infoDev, a global partnership program ...

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