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  • Three startups secure wildcard spot for Seedstars World South Africa event

    Global entrepreneurial competition Seedstars World announced the winners of the wildcard draw to compete at the Seedstars World South Africa regional final this Thursday (29 June) at the Standard Bank Auditorium. The three startups from the Western Cape, Gauteng and Johannesburg will go on to compete against those startups chosen at a Johannesburg pitching event on 26 May (EMG Technologies, GreenFingers Mobile, and mbora) and those selected at a Cape Town pitching event on 8 June (CommuScore, Empty Trips Pty Ltd, Muzi and Invoiceworx) for their chance to represent SA at the finals in Switzerland next year. The winning startup will compete against startups from 79 other countries for a chance at winning...

  • Company Office

    Designing for emerging markets, the challenges businesses face in Africa

    Emerging markets are full of opportunity for the clever entrepreneur. Across Africa, Asia and South America are countries with millions of underserved consumers. These people may be living on very little, but their basic needs are similar to those of wealthier people in more developed countries. In their paper, The Fortune at the Bottom of the Pyramid, C.K Prahalad and Stuart L. Hart explain that “low-income markets present a prodigious opportunity for the world’s wealthiest companies to seek their fortunes and bring prosperity to the poor.” This opportunity exists for any company, whether it’s wealthy or not. Designing for emerging markets,...

  • Top startup events in South Africa, Africa you should know about this week [26/06/2017]

    Looking to get into the South African startup scene or catch 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 them 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,...

  • Time to reimagine education system to tackle SA’s Industry 4.0 challenges

    Unemployment in SA is at a 14-year high with youth unemployment (15-34 years) reaching 38.6% in the first quarter of this year. Most concerning is that unemployment among the youth is disproportionately high even among those with tertiary education. Coupled with this South Africa is one of the few countries in the world in a technical recession. In addition we are seeing a skills shortage in critical areas of the economy, particularly for those positions which support new growth areas of the economy, such as technology and innovation. South Africa currently spends a higher proportion of its budget on education than the US,...

  • Drive Revenue gets multi-million rand funding injection from HAVAÍC

    Cape Town tech startup Drive Revenue has landed an undisclosed amount from HAVAÍC, the venture capital (VC) fund announced yesterday. HAVAÍC executive director Grant Rock said in a press release that the funding will be used to help Drive Revenue to roll out its cloud-enabled financial management system for legal practices. Speaking to Ventureburn, Rock said he could not disclose the amount in funding invested in Drive Revenue, saying only that it was "several million" rands and that it was made available from individual investors offshore. Rock said the idea is to help Drive Revenue to secure a round of equity investment later this year. 'We have resellers coming...

  • Techpreneur Africa joins Abu Dhabi Global Market to promote fintech across Africa

    Social-entrepreneurial impact firm Techpreneur Africa has signed a memorandum of understanding (MOU) with Abu Dhabi Global Market (ADGM), an international finance centre. The MOU, signed earlier this week between the two parties, seeks to grow and support fintech initiatives in the Middle East and Africa. "The new partnership with Techpreneur Africa marks another achievement towards strengthening the connections between fintech communities and harnessing synergies in innovations and capabilities through global collaboration," said Richard Teng, the CEO of ADGM on Monday in a press release. ADGM's regulatory labs is a fintech sandbox which provides participants with a safe place to test their products and services, while...

  • Cape Town startup WhereIsMyTransport in $1.5m in funding round

    Public transport data and technology startup WhereIsMyTransport has received a collective investment of £1.2-million ($1.5-million) from the Global Innovation Fund (GIF), Goodwell Investments and Bombardier. The investment has been secured as the Cape Town and London based company completes the digital mapping of informally run public transport in South Africa’s major metropolitan areas, the company said in a press release on Monday. In recognition of these achievements, WhereIsMyTransport earlier this month received the International Transport Forum “Promising Transport Innovation Award” and a place in the prestigious NewCities “Global Urban Innovators” initiative. 'We are delighted to welcome Global Innovation Fund, Goodwell Investments, Bombardier to...

  • SA angel investment sector has to grow, black or white, says Simodisa head

    South Africa needs more angel investors who can help startups and small businesses to grow. Yet there are still too few black Africans involved in angel investing. In a bid to create more debate around the issue Ventureburn asked Simodisa managing director Matsi Modise what the country can do to address this. Ventureburn: When you hear stories of angel investors you see mainly white faces, and perhaps just a smattering of Indian angels - most of them being male. Where are the black angel investors then? Matsi Modise: The angel investment space in South Africa is still in its infancy and is...

  • MIT, Mastercard launch ‘Open Mic Africa’ entrepreneurial talent search programme

    The Massachusetts Institute of Technology's (MIT) Legatum Center for Development and Entrepreneurship in partnership with The MasterCard Foundation have launched an entrepreneurial talent search programme -- Open Mic Africa. The initiative will host events in three cities across Africa. Namely Lagos (26-27 July), Dakar (23-24 September) and Cape Town (27-28 September). The MIT Legatum Centre will also stop over in Accra, Ghana and Nairobi to establish better networks and increase its presence in those areas. Each event will host inspirational talks from other African entrepreneurs, workshops and venture pitch training as well as mentorship sessions. Each city will also host an open pitch...

  • Kuruman ticketing startup lands deal with Ackermans, PEP stores

    Most people have never heard of Kuruman -- a small dusty town of 13,000 people in the Northern Cape -- where Tshepang Peme runs tech startup DigiTicket SA. Now the ticketing platform is spreading its wings after landing a deal with retailer PEP stores and Ackermans. “Customers will be able to buy tickets by walking into any PEP and Ackermans store, pay for their tickets and the customer will receive their tickets within 24 hours after the purchase in the form of an email, MMS or SMS,” says Peme, 29. The deal, which the startup landed in April, has allowed DigiTicket to roll out its ticketing offering...

  • Three MENA developers win Facebook’s Bots for Messenger Developer Challenge

    Facebook has announced the three winners of its Facebook's Bots for Messenger Developer Challenge, launched earlier this year. The social media company made the announcement on Monday. The selected winners, from the Middle East and North Africa, have competed against startups from across 64 countries and have each won $20 000 and three months of mentorship from Facebook. The challenge was launched on 15 February. "It's been nearly five months since we first invited submissions for the 2017 Bots for Messenger Challenge and we’re excited to share the winners," said Emeka Afigbo, Facebook’s Head of Platform Partnerships for the Middle East and Africa in...