In an article published in November, a tech journalist suggested that institutions within the South African, and African, tech ecosystem operate in silos.
Laurence Woodburn, CEO of Woodburn Solutions, a Cape Town-based business development consultancy, knows a thing or two about failure. . He learned what it looks like, how it feels and absorbed some tough lessons in the process - 40 million lessons, to be precise.
The first Venture Incubation Programme ran in the summer session of 2016. Since then, we've seen 40 teams graduate from two cohorts a year. With each cohort, we see teams grow, ideas develop and networks expand.
In 2012, 17 students were trampled and a woman was crushed to death in a stampede when parents and prospective students rushed to gain last-minute places to study at the University of Johannesburg.
While broken relationships weren't the only factors in the demise of Buys' first business, they did teach him some of the most important lessons about founding teams. "It's not an easy journey," he says
Uliza is a graduate of the Solution Space Venture Incubation Programme (VIP) Summer School 2018. At one level, the start-up’s mission sounds relatively simple: to transcribe and translate audio recordings of business communication into African and Asian languages.
Traditionally, a business would build a product and hope to find customers who want to buy it. Aggressive marketing tactics would hook consumers who, faced with few other choices, would respond accordingly. The company would corner the market and move on to building the next product.
Are you an early-stage start-up with an idea that advances financial inclusion for customers in Sub-Saharan Africa? Have you developed a new electronic payment system, customer-centred payment plan, new financial products, mobile banking instruments or similar ideas?