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Seedstars calls for startup entries to global Digital Democracy Challenge

Seedstars has called for entries into its global Digital Democracy Challenge, a hackathon that aims to find solutions to promote digital democracy.

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Seedstars has called for entries into its global Digital Democracy Challenge, a hackathon that aims to find solutions to promote digital democracy.

The challenge focuses on low-cost and viable solutions that can help citizens engage in democracy, the exchange of ideas, and which provide first-hand accounts of government activities.

Winners will receive prize money of $10k for first place, $8k for second place, and $6k for third.

The deadline for applications is 13 September, after which participants will be selected on 18 September.

The hackathon will take place between 29 September and 1 October, with winners announced on 1 October.

According to Seedstars, the theme of the challenge comes from the growing decline of democracy around the world.

The Swiss-based group regularly holds programmes and challenges around the world. It also has a fund dedicated to investing in African startups, which made its first investment in 2020.

This challenge, however, is not location-based — and is therefore open to applicants from around the world.

“The hackathon calls for socially committed citizens worldwide, problem solvers, creative minds, democracy experts, programmers, graphic and web designers to come together in a 72-hour collaborative digital process,” Seedstarts said in a statement.

“It will finish on a Demo Day where the participants will pitch in front of a jury. The top three solutions will be selected and the winners will receive prize money of $10K USD for first place, $8K USD for second place, and $6K USD for third.”

How to apply for the Seedstars Digital Democracy Challenge

Teams that want to apply for the challenge need to have at least three members. You must also already have an idea or minimum viable product for the hackathon.

Your solution will need to address certain key challenges outlined by the hackathon, which include:

  • Populations cannot rely on face-to-face or in-person meetings for civic participation.
  • Internet restrictions due to government shutdowns or throttling.
  • The suspension of major social media platforms by governments.
  • Media censorship.
  • Government disinformation and misinformation campaigns.
  • Digital surveillance of citizens by authorities, including the persecution of dissidents and critics.

In the application, you will be asked to provide your country, team name, and team members. You will also need to explain your solution, the stage of development, the target customer, and your startup’s business model.

To apply, you can visit the Seedstars Digital Democracy Challenge website.

Read more: Applications open for Gauteng Accelerator Programme Innovation Competition

Read more: SA startup Envisionit Deep AI wins $50k at Cisco global challenge

Featured image: Christina @ wocintechchat.com/Unsplash

The deadline for applications is 13 September, after which participants will be selected on 18 September.

Source: https://ventureburn.com/2021/08/seedstars-calls-for-startup-entries-to-global-digital-democracy-challenge/

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Pan African fintech secures $1-million in pre-seed funding 

Pan-African fintech Payday secures $1-million in pre-seed funding from several investors and aims to become ‘paypal’ of Africa.

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African fintech Payday has secured $1-million in a pre-seed round from several investors including; LofyInc, Microtraction, Magic Fund, Ventures Platform, Voltron Capital, CcHub Syndicate, Helicarrier Inc, Greencap Equity, Midlothian Angel Network and Emergence Capital.

Other investors include Olugbenga Agboola (GB), Charles Odita, Eke Eleanya, Adegoke Olubusi, Edmund Olotu, Prosper Otemuyiwa, Dimeji Sofowora, Perseus Mlambo, Abdul Hassan, Onyekachukwu Somtochukwu Eyisi, and several others.

African fintech secures funding

According to reports, the funding will be used to create a fintech platform similar to that of international service “PayPal”.

Temi Awogboro, General Partner at MAGIC Fund comments on their investment made into the fintech.

“Magic is delighted to be an early backer of Favour and the Payday team in achieving their audacious vision of enabling swift borderless online payments services for Africa, thereby connecting its users with vast opportunities around the world. This aligns with our founders-backing-founders thesis and we are excited by the opportunity to support the team as they positively disrupt the space.”

Payday

Founded in 2021 by entrepreneur Favour Ori, Payday has soared since its official launch in July reportedly processing over $1.4-million in transactions.

The newly established fintech platform and services enable users to send and receive money globally. This service allows users to be paid by foreign employees and clients along with the service of virtual mastercards.

Payday aims to provide a one-stop fintech service for its users allowing them to move money freely globally.

Read more: Nigerian tech startup secures $1.4-million in seed funding

Featured image: Supplied

Source: https://ventureburn.com/2021/10/pan-african-fintech-secures-1-million-in-pre-seed-funding/

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Augmental Technologies courts investors for Tracto mental health app

Healthtech startup Augmental Technologies is engaging with investors to accelerate the development of Tracto, its app for neurodiverse children.

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Healthtech startup Augmental Technologies is engaging with investors to accelerate the development of Tracto, its app for neurodiverse children.

The South African startup’s app lets parents and teachers track the treatment progress of neurodiverse children and children with anxiety.

The app is already available on app stores. Multiple education institutions have also implemented the app.

Since its launch, over 200 parents have adopted Tracto to manage their children’s health care.

“We are actively engaging with investors to participate in our seed funding round,” Augmental Technologies Co-Founder, Michael van der Linde, said in a statement.

“The funding will be used to accelerate our product development and commercialisation initiatives including expanding our global footprint.”

Tracto app supports parents with neurodiverse children

In 2019, Augmental Technologies collaborated with parents, teachers, and health care providers to find out if technology could assist neurodiverse children who have ADHD or who are on the autism spectrum, as well as children with anxiety.

“Our mission is to build a digital health platform that transforms the way parents, teachers and care providers work together to support children on their mental health care journey,” Van Der Linde explained.

Tracto launched in July 2021 after the startup ran pilot groups in South Africa and Canada to refine it.

The startup also received pre-seed funding at the start of the year.

The app is available to download on the Google Play Store and Apple App Store.

Tracto lets parents and teachers collaboratively track care symptoms and concerns of children.

They can also use the app to set up reminders for medication, activities, and assessments.

Care providers such as paediatricians and therapists can also use the care history captured on the app to make appropriate decisions.

Since its launch, over 200 parents have adopted Tracto to manage their children’s healthcare.

Two Cape Town schools, Shelanti Private School and Table View Primary School, also use the app to collaborate with parents.

“This is a great milestone for us, but only a small step in what we are ultimately planning,” Augmental Technologies Co-Founder, Herman Lintvelt said.

The startup plans to add one of two new Parent Training programs to the app later this year.

“Investors are invited to get in touch with us and discover how we can work together to accelerate our development and commercialisation,” Lintvelt added.

Read more: Local investment platform launches grant funding for SA edtech startups

Read more: Cape Town healthtech Aviro secures funding

Featured image: Santi Vedrí via Unsplash

“The funding will be used to accelerate our product development and commercialisation initiatives including expanding our global footprint.”

Source: https://ventureburn.com/2021/10/augmental-technologies-courts-investors-for-tracto-mental-health-app/

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Africa Tech Female Founder Summit date announced

TLcom Capital has announced that its 2021 Africa Tech Female Founder Summit will take place virtually on 13 October 2021.

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TLcom Capital, an Africa-focussed venture capital firm has announced that its 2021 Africa Tech Female Founder Summit will take place virtually on 13 October 2021.

The summit will be held virtually on 13 October 2021.

Running for the third year in the row, TLcom has opened applications for female tech founders across the continent to attend the prestigious summit. applications

Omobola Johnson, Senior Partner at TLcom Capital comments on this year’s event.

“Over the last 18 months, African tech has broken into a completely new threshold of investment activity and as the ecosystem continues to mature, founders are being exposed to an entirely new set of challenges. From our conversations with entrepreneurs in our network, the most pressing of these issues lie in building a core team both above and below a founder and ensuring they all work in the interests of the organisation. If we want our sector to continue on its current trajectory, it’s vital we equip founders to successfully execute these processes both in terms of establishing a more deliberate C-Level hiring strategy and effectively partnering with their boards to amplify the value generation process for their businesses.”

This year’s event will be headlined by Julia Gillard, the former Prime Minister of Australia and the chair of tech startup Andela. The summit will provide attendees with a wealth of knowledge and touch on topics such as early-stage growth and scaling a tech startup.

In addition, the summit will be featuring a number of renowned and established female executives from leading African tech startups such as Desiree Craig of uLesson, Mayokun Fadeyibi of Autochek, Kristen Kelly of Terragon, and Susan Kiama of Twiga Foods.

With the theme of “Board and C-Suite Matters – Counsel, Coach and Collaborate”, the third Female Founder Summit aims to provide expert insights on the following; how to build and leverage a senior team and board to drive strong execution and growth.

The summit aims to connect attendees, act as a networking platform and grow the community of female tech entrepreneurs in Africa. Attendees will have the opportunity to submit their burning questions to the panel of speakers and gain valuable insight to assist their entrepreneurial journey.

Andreata Muforo, Partner at TLcom Capital, comments on the importance of hosting summits and events dedicated to women in tech.

“Whilst the evolution of a board may present a new journey for founders across African tech, we cannot deny that there are fundamental differences in how female entrepreneurs are viewed in these settings. Women in leadership still have to deal with harmful stereotypes and biases irrespective of their position but a strong and supportive network can make a huge difference in this journey. This is why the Female Founder Summit is so important as nobody understands our experiences like other women and in Julia, and our incredible panellists, we’re delighted to have people who can not only identify with our attendees, but can also share expert strategies on how to navigate these spaces.”

Read more: SA food tech startup partners with V&A Waterfront

Featured image: Supplied

Omobola Johnson, Senior Partner at TLcom Capital comments on this year’s event.

Source: https://ventureburn.com/2021/10/africa-tech-female-founder-summit-date-announced/

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