Saturday, July 26, 2008

Artificial Intelligence

This is not strictly a Venture Capital related post but I think it is something that ties into the VC sector.

Artifiical Intelligence is one of the areas where Venture Capitalists might be investing in the next few years.

This blog post asked the question of whether a computer brain could ever have an "imagination" or be "creative".

Its a tough debate - maybe throw in your 10 cents worth?

Thursday, July 24, 2008

InVenFin

Former JSE listed IT investor, VenFin has launched a new fund called "InVenFin". The idea is to serve as a sort of incubator for innovative new ideas in the:

Engineering
Information Technology
Digital Media
Communications
Design
and Bio-technology fields.

www.invenfin.co.za

The fund has a starting point of R50 million to spend on new start-ups and combines money with the heavy hitting power of the VenFin management. If you have a really innovative and unique technology, then these are probably the guys who are going to take your South African bred technology to the world.

SAVCA Venture Capital Sub-Committee has released it Venture Capital development discussion paper

This discussion paper attempts to establish a business case for growing the VC industry in South Africa, by outlining the critical role of the VC industry in the economy and highlighting the returns potential, albeit at significant risk, to investors.

The SAVCA Venture Capital Sub-Committee has released it Venture Capital development discussion paper. This discussion paper attempts to establish a business case for growing the VC industry in South Africa, by outlining the critical role of the VC industry in the economy and highlighting the returns potential, albeit at significant risk, to investors. It lists some of the challenges faced by a pre-emergent VC industry in South Africa. The document’s purpose is to elicit debate and define a response in respect of steps that can and must be taken to nurture this asset class, in order for creative destruction to lead to a sustainably vibrant, growing economy.

SAVCA will host two workshops (Johannesburg and Cape Town) to discuss the document’s content, recommendations and questions (which we feel require debate).

A copy of the VC development discussion paper can be obtained from the SAVCA Office

Author : SAVCA Office
www.savca.co.za

SA Venture Capital Strategist

Over the last week I have attended different announcements for different venture capital, entrepreneur funding and incubator type offerings.

South Africa has an abundance of money to fund these start-ups but very few resources for tracking where and how the different funds are investing.

This is a pity because many of them fully publish the details, the mainstream media often overlooks these investments because they don't carry sufficient weight or "proof of concept".

The aim of this blog will be to try and track what the major funds are doing, where they are investing their money and the kind of concepts they are looking at.

If you have further news or information on this sector please feel free to drop me an e-mail at newsdesk@rival.co.za