Africa ready to accommodate ICT start-ups

BUSINESS

|
Image: Marnus Viljoen. By BiztechAfrica
Marnus Viljoen

Now is the time for startups to embrace the many opportunities within the burgeoning ICT sector, says Marnus Viljoen, Chief Technology Officer at FOXit.

The ICT market would not be where it is right now without the contribution and significance of startup technology companies.

This is the view of executive management at FOXit, an Independent Software Vendor and Microsoft-certified Gold Partner.

Marnus Viljoen, Chief Technology Officer at FOXit, says “startups are the heart and soul of the ICT market. They are that special place where dreams become innovation and innovation becomes success.”

Viljoen believes now is the time for startups to really embrace the many opportunities within the burgeoning ICT sector. One of the reasons is because of the level of industry-led support, via training and development initiatives, that exists and that entrepreneurs can take advantage of.

He cites the Microsoft Bizspark Program as an example. This program helps startup companies by doing away with the initial cost of both software and servers, allowing them to focus on products and services instead of overheads.

Another similar initiative is that of South Africa's Aurik Business Incubator, a company that is focused on the development of entrepreneurial businesses.

A lack of available capital represents an ongoing challenge to entrepreneurs wanting to enter and sustain operations within ICT.

This shortage has resulted in the rapid increase in angel investors and venture capitalists. Viljoen believes the advantage of establishing a partnership like this is that in many cases it would be impossible for the startup to achieve success without this capital outlay.

But is a startup that has been able to sustain itself without any capital investment from outside the company automatically a stronger operation compared to one that has relied on investors? This is about long-term growth strategy management says Viljoen.

“Although a company that held its own knows how to conservatively grow only where it is truly able to, a company that had the advantage of capital investment will have the advantage of showing more profitability much quicker - and will reach a stronger vantage point much quicker in its life cycle,” he says.

The most important thing for any new company is to minimize overheads and only expand when this expansion can be sustained Viljoen continues.

“Africa has a fantastic supply of skilled resources and, with the constant development of infrastructure, the region’s growing ICT market is an attractive option for potential investors and entrepreneurs,” he concludes. 



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE BUSINESS NEWS

Ekocenters to empower Rwanda’s women entrepreneurs

Ericsson and The Coca-Cola Company have launched a pilot to bring mobile connectivity to EKOCENTER in Rwanda, with a view to expanding the partnership to other countries. Read More

Africa’s youngest entrepreneurs stand to win $75,000

The Anzisha Prize is expanding, after initial success, to provide increased support to entrepreneurial youth and partner organisations to drive pan-African economic growth to 2020. Read More

New age e-commerce consumers challenge traditional business models

African consumers are increasingly searching online platforms with commercial intent, says DHL. Read More

VMware appoints Bask Iyer as chief information officer

VMware has announced the appointment of Bask Iyer to the role of senior vice president and chief information officer (CIO) of VMware. Read More

SpeedCast acquires Geolink

SpeedCast International Limited, a leading global satellite communications service provider, has announced the acquisition of Geolink Satellite Services, a leading provider of satellite communications solutions in the African region. Read More

Out of the Dark: Survival guide for businesses during load-shedding

As Africa’s premier integrator of business continuity services, ContinuitySA’s team spends a lot of time identifying risks and how to mitigate them. One risk that has become very real for South African businesses is load-shedding.  Read More

Insurance body: ICT essential

The newly established Insurance Institute of Botswana (IIB) says in this day and age it was virtually impossible for organisations, insurance companies included, to operate without incorporating ICT in every facet of their operations. Read More

VMware appoints Scott Dodds as new Vice President, Channel and Alliances in EMEA

VMware, the global leader in virtualisation and cloud infrastructure, has announced the appointment of Scott Dodds as Vice President of Channel and Alliances in Europe, Middle East and Africa (EMEA). Read More

IHS Towers awarded Telecom Finance Deal of the Year

IHS Towers, Africa’s leading independent mobile telecommunications infrastructure provider, has won TelecomFinance’s 2015 award for Deal of the Year.  Read More

Moving from doer to influencer – the shifting role of the CIO

The role of the chief information officer (CIO) has evolved over the past few years, with CIOs no longer just the decision makers for IT systems.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

2bn priced out of internet access2bn priced out of internet access

A new report from the Alliance for Affordable Internet shows that the price of broadband remains prohibitive for billions in developing and emerging countries, with women and rural dwellers hardest hit.

IN DEPTH

Kenya’s digital TV battle hots up Kenya’s digital TV battle hots up

Kenya’s journey to Digital TV broadcasting took a new turn this week, when the Communication Authority of Kenya (CAK) accused three local media firms of intent to disrupt the process.

COMPANY NEWS

VMware unveils vCloud for NFV with Integrated OpenStack to accelerate service innovation

VMware, the global leader in virtualisation and cloud infrastructure, today debuted VMware vCloud for NFV, an integrated Network Functions Virtualization (NFV) platform that will combine VMware’s production-proven ...