Africa, Entrepreneurship, News

$100m Tony Elumelu Entrepreneurship Programme reveals 1k finalists

Foundatin-logo Hailing from across all corners of the continent, and over 20 000 applications later, the finalists for the US$100-million Tony Elumelu Entrepreneurship Programme (TEEP) have been announced. The 1 000 chosen entrepreneurs have been chosen to become part of Elumelu's vision of creating 10-billion jobs within the next 10 years across the continent. Ranging from a range of different industries, from agriculture to ICT and manufacturing, Elumelu says that these sectors are critical for job-creation. “The selection of these 1 000 entrepreneurs ...

Africa, Entrepreneurship, Startups

5 important trends that show Africa’s venture scene is on the rise

Africa New data from VC4Africa, a startup funding platform, revealed that startups are contributing more to job creation while the investment scene is steadily growing. The data also reiterated the fact that South Africa, Nigeria and Kenya are the startup hotspots on the continent. South Africa has the largest investment per startup (average investment) at US$250 000 average, and Nigeria has the largest mass of startups (investments tracked) in its ecosystem, at 24 (startups), while Kenyan startups have received most funding from ...


How SA gov is planning to uplift entrepreneurship in 2015

parliament The Department of Small Business Development in South Africa may have to cut some of its planned projects to support small businesses, after the National Treasury last month effectively slashed a third off its requested allocation from the fiscus. What can we expect to see in the coming year then? Finance Minister Nhlanhla Nene revealed during his 2015 Budget Speech last month that the department would be allocated R3.5-billion between 2015/16 and 2017/18. The department had wanted more. It asked for an allocation ...


Startup going off the rails? Here are 5 basic things you can do to get back on track

rails Last year was a challenging one for South African businesses and there are few signs that 2015 will be much easier. However, get the basics right and your business will be in a good position to survive and even thrive this year. Here are five fundamentals that can help you to succeed in growing your business during 2015. 1. Get your admin sorted Most small business owners dislike doing admin because it’s a distraction from selling, serving customers and growing the business. ...

Advertising & Marketing, News

SA startup Monocle wants to boost companies’ online rep using big data

Insights-update Recently launched online marketing startup Monocle recently launched, aiming to give clients in-depth analysis of their online personas by using big data. Monocle is described as taking big data -- that confusing mass of computationalised figures -- and turning it into smart data, which is information that can be easily understood and so used to make real-world business decisions. “It is only when you see how your brand is performing online -- where exactly it is flying and where exactly it ...


Get married and 4 other tips on getting off the ground as an entrepreneur

Hold hands We all know that running a business can be a rather personal affair. As in any relationship, you'll go through ups and downs, celebrate here and grieve there. While the analogy might be apt, mixing one's personal life with the professional might seem like a recipe for disaster. Apparently that's not entirely the case. At the Western Cape Funding Fair held this week, Project Isizwe founder Alan Knott-Craig Jr laid down five tips budding entrepreneurs should take into account. Essentially, he ...

Advertising & Marketing, Startup news

WeChat set to launch on-demand courier service in SA

Picup pic This is interesting. WeChat, the Tencent-owned mobile social and instant messaging service, is set to launch an on-demand courier service in South Africa. While the service, called PicUp, is yet to be formally announced its website is live. In many respects, the service is similar to other on-demand delivery providers. You set the pick up and delivery addresses, describe the kind of package being picked up (making it easier to determine what kind of vehicle should be used), and provide ...

Advertising & Marketing

Innotribe Startup Challenge announces Africa’s 14 fintech semi-finalists

SWIFT The Innotribe Startup Challenge for 2015 has revealed its semi-finalists for this year. Sixty fintech startups from across the globe -- 14 hailing from Africa -- have been selected to pitch their new products during the regional showcases in London, Cape Town, Singapore and New York. "For the second consecutive year, we are thrilled with the record number and quality of the contestants applying to our programme," says Fabian Vandenreydt, head of markets management, Innotribe and the SWIFT Institute at SWIFT ...

Entrepreneurship, News

Western Cape Funding Fair sees record 600 startups apply for R10m funding

Western Cape Funding Fair At the inaugural Western Cape Funding Fair yesterday, 34 startups were chosen out of 600 applicants to pitch for a minimum of R10-million in funding. Alan Winde, Western Cape Minister of Economic Opportunities opened the event at the CTICC in Cape Town, South Africa. "I have a vision of a different ecosystem for entrepreneurs in this province," he said. "And this is the platform where everything starts to change, and money starts to flow to the entrepreneurs. It is initiatives like ...

Africa, Startup news

DEMO Africa 2015 startup competition opens for applications

DEMO Africa 2013 The major pan-African startup competition, DEMO Africa 2015, is upon us and startups are encouraged to apply now. The application window is open until the end of May. Since 2012, DEMO Africa applications have increased each year. Harry Hare, executive producer for DEMO Africa adds in a press statement: "We expect these numbers to go up again this year which is extremely encouraging as it clearly shows that more and more African entrepreneurs are getting enthusiastic about being part of Africa’s ...