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All posts tagged "Startups"

  • Landmark Barclays Africa accelerator programme concludes

    Ten companies have showed off their wares as part of the first ever Barclays Africa accelerator programme. The programme, hosted by the Barclays Rise innovation hub in Cape Town, saw the companies receive 13 weeks of mentorship, networking and development before their Demo Day, Absa said in a statement. The Barclays Accelerator is supported by Techstars and promises an "intensive startup programme" for innovative businesses in the fintech sector. The Demo Day saw over 400 people in the audience, including investors, industry/fintech experts as well as Absa and Barclays executives. "We are thrilled with the quality of the ventures. This first-ever cohort to...

  • Tradesman platform IDWork crowned Seedstars World SA winner [update]

    Update: added comment from Sayo Folawiyo The South African leg of the Seedstars World competition has finally come to a close, with IDWork crowned the overall SA winner. Held in Johannesburg on 30 June, the event consisted of ten startups -- from the Cape Town, Durban, and Soweto pitching events -- as well as the 'Wild Card,' IDWork. All of the contestants pitched in front of a panel of judges and an audience. IDWork will go on to represent SA in the SeedStars World finale in Switzerland in March 2017, where it will stand a chance of winning a US$500 000 equity prize. A Gauteng-based startup, IDWork is a...

  • Expensive, legal software a conundrum for Nigerian startups

    Last Thursday, I chaired a panel at the Nigeria International Technology Exhibition and Conference (NITEC 2016) that focused on how Nigeria can harness cloud solutions. I had my talking points ready and introduced the panel by speaking on how cloud computing remains both a research question and a market product -- but I couldn't have predicted how the session ended with the panelists. We argued back and forth on Nigeria's preparedness for cloud services beyond just using social media, YouTube, email services and the like. There was a consensus among panelists that infrastructure-wise, Nigeria isn't ready yet for cloud computing as several of these services require...

  • #Brexit: Berlin to shoot past London as Euro startup capital?

    Britain's plans to leave the European Union (EU) will be good news for Germany's startup scene, a major German venture capital provider said. According to Christoph Gerlinger, CEO of Berlin Startups Group, Brexit will see London lagging further behind Berlin. "The Brexit is good news for the German startup scene. Only since 2015 was Berlin able to surpass London, the previously dominant hub of Europe, in the number of and overall volume of financial transactions from startups," Gerlinger explained in a statement. "This development will now accelerate and the distance between Berlin vs. London will increase. We expect a significant decrease in new...

  • SA-based Snapt expands after nabbing $1m in funding

    South African tech company Snapt is expanding after it secured almost US$1-million from local investment firm Convergence Partners. The company, which provides "high-end virtualised and cloud-based load balancing, web acceleration and security software", confirmed that it has appointed 4Di Technologies as its African distributor. The news sees the SA company shift some focus back to its home continent, signalling a potential move away from North America. It confirmed that South Africa will be the initial focus, but that East and West Africa are on the cards too. Speaking of clients, the company also provided interesting figures on its growth. "Since its launch in 2012, it has grown by...

  • Here are 7 things that SA government can do to help startups

    A new report by the Global Entrepreneurship Monitor (GEM) has outlined a number of ways that the South African government can help small and medium enterprises (SMEs). Several of these recommendations also apply to startups of course, so what can the government do to improve matters. Create a one-stop shop for government interaction The time taken to complete business-starting procedures has doubled since 2015 due to red tape and bureaucracy, the report noted. It added that small business owners tend to handle all government-related processes themselves in a bid to save cash, such as the Department of Labour and SARS. Aside from making these processes,...

  • Startups scramble to reform shipping industry

    Several industries are long overdue for a complete overhaul. Shipping ranks high among them. The way humans have been getting products from one place to another hasn’t changed much in more than a century. In fact, take away the changing nature of transportation and shipping doesn’t go anywhere both literally and figuratively. The advent of the Internet Age, however, is priming to change that or lack thereof. It’s just up to business leaders to take the lead and revolutionise the shipping industry for the 21st century. Admittedly this is a lofty goal—but that shouldn’t stop startups from making it their...

  • Top startup events in South Africa, Africa you should know about this week [01/02/2016]

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

  • Top startup events in South Africa, Africa you should know about this week [25/01/2016]

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

  • PM Modi unveils $1.5bn fund, tax cuts to fire up India’s startup space

    Indian Prime Minister Narendra Modi this weekend unveiled a massive US$1.5-billion fund to support the country's already fast-growing startup sector. Speaking at Startup India in New Delhi, the fund is part of the government's Action Plan, which sets out to encourage innovation and job creation in Asia's second-largest emerging market. Apart from the many millions, the Plan also includes major tax cuts, reduced regulation, procedures to fast-track patents and channels for easier access to public procurement. The government will also be responsible for a mobile app to provide "on-the-go accessibility" for all startups' regulatory needs. Read more: India’s entrepreneurial landscape according...