LaunchLab offers bursaries for acceleration programme

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Stellenbosch-based incubator LaunchLab is offering 50 per cent bursaries to those in need of financial assistance for its 10-week entrepreneurship acceleration programme.

Those selected by LaunchLab for the bursaries will only be required to pay ZAR2,500 (US$200) for the programme, which is looking for entrepreneurs either with ideas for businesses or already running their own startup.

Interested parties should contact chani@launchlab.co.za for more details about the programme.

Disrupt Africa has reported regularly on LaunchLab in recent months, with the incubator launching its Lift-Off accelerator at the beginning of February, with South African tech-driven entrepreneurs invited to participate in the 14-week training programme.

In April LaunchLab held the first round of pitching in its Pitching Den competition, with the winning startups to share ZAR50,000 (US$4,130) in seed funding.

Meanwhile, Disrupt Africa reported in November Sandile Mamela had won the first Lift-Off programme for his business idea Magic Flow, a secure web-based platform where users can buy and re-sell second-hand tickets.

Sponsored by Deloitte, the IDC and Stellenbosch University, the programme included 13 entrepreneurs and saw Mamela walk away with ZAR15,000 (US$1,500) in seed funding.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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