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All posts tagged "saban"

  • World Bank launches accelerator programme for African digital startups

    The World Bank has announced the launch of XL Africa, an acceleration programme aimed at supporting 20 top digital startups from Sub-Saharan Africa. XL Africa will run over five months and startups will be put through a tailored curriculum, while receiving mentorship and the chance to attract early-stage capital of between US$250,000 and US$1.5-million. "Digital startups are important drivers of innovation in Africa," said Makhtar Diop, the vice-president for the Africa Region at the World Bank, in a press release. "To scale and spread new technologies and services beyond borders, they need an integrated ecosystem that provides access to regional markets and global finance. "Pan-African initiatives...

  • Funding your startup: Ventureburn lists the SA investors that are delivering

    For entrepreneurs wanting to find early-stage funding, this is the article for you. As there is generally a veil of secrecy surrounding funding and startups, there is often smoke and mirrors in the industry, with many claiming to be "investors".  Ventureburn has sifted through the South African landscape and brought you the investors that are putting the money where their mouths are, and investing in the startup industry. Make sure to keep checking back on this article. We will constantly be updating it with new funds as the startup space grows in South Africa. Also, with your comments and suggestions we hope...

  • SABAN launches to support early-stage startup investors in SA

    On 11 November, several organisations within the SA startup community came together to launch the South African Business Angel Network (SABAN). The aim of SABAN, according to Daniel Guasco, head of Silicon Cape, is to "create an environment where people can learn and feel safe". When addressing the audience, Guasco said: "We really need more people like yourselves who are eager, able, and willing to make a commitment to funding early-stage companies, specifically in the technology space, to put money down. It's high-risk, but the opportunities around that and the benefit that one gets out of it is quite substantial." Other focuses of SABAN include...

  • South African Business Angel Network to fill key gap?

    Right now in the South African funding landscape, there is a gap between the 'friends, fools and family' money at the base of the funding pyramid and the post revenue, typical venture capital (VC) stage of funding. This week's launch of SABAN (South African Business Angel Network), the professional association for the South African early stage investor community, is committed to filling this gap. Christopher Campbell, co-founder of SABAN and MD of Socius, says the intention behind SABAN is to "give the local entrepreneurial ecosystem the bridge it needs to get more early stage businesses ready for the R5 million+ VC stage of investment". "Today's launch was to introduce...

  • SA to receive first non-profit association for growing angel investors

    SA will be receiving its first national non-profit association to grow angel investors, named the South African Business Angel Network (SABAN). It is set to launch on 24 August in Johannesburg. According to a blog post on VC4A, the inspiration for SABAN came about when SA entrepreneur Chris Campbell, was involved with EBAN Winter University 2014 in Helsinki, Finland, along with pitching in SA. Campbell realised a need to easily connect businesses with angel investors in SA. It is headed up by Campbell; Bodo Sieber, CEO of Tagmarshal and Mvikeli Hlophe, fund manager at SA Enterprise. This new initiative will pull inspiration from the Finnish Business...