Botswana has the most determined entrepreneurs
Botswana, Malta and Timor-Leste are the three countries with the most determined entrepreneurs. Individuals starting up in Botswana are the most determined, given that launching a business there can take up to 48 working days or more than nine weeks.
The number-one place with the most determined entrepreneurs is Botswana. According to Brant’s analysis, it takes 45 days, on average, to register a new business in the country, which is far higher than the global average of 8.3 days. “This may be due to the high number of procedures new business owners must complete,” she explains. “Nine separate processes must be completed to register the new venture, compared with two in some of the places with high missed opportunities such as Azerbaijan and Canada.”
The top 15 countries ranked among the most challenging places to start a business that still had a proportionately large number of startups also included:
Botswana; Malta; Timor-Leste; Gabon; Brazil; Belize; Antigua and Barbuda; Bulgaria; Croatia; Suriname; Vanuatu; United States; South Africa; Uganda and Cyprus. (Fast Company)
Three SA startups make it into international startup accelerator
Three South African startups have made it on the shortlist to becoming one of the 10 startups to be accelerated by leading international startup accelerator Startupbootcamp InsurTech in 2017. Aerobotics, Emerge Analytics and NuvaLaw are up against 20 other startups for the opportunity to collaborate with more than 400 mentors, partners, and investors over a three month period to build products to international standards.
Aerobotics, Emerge Analytics and NuvaLaw were three of the 633 applications received by Startupbootcamp InsurTech following a call for applications from innovative early stage startups specialising in insurance. Startupbootcamp InsurTech and MMI Holdings’ Exponential Ventures hosted the FastTrack tour in South Africa on 11 and 13 October 2016 where these startups presented their solutions for the insurance industry. The events were open to startups looking for expert advice, exposure and the possibility of funding.
“We had a great week in South Africa and found a few gems. It is clear that InsurTech in South Africa has matured compared to 2015,” said Sabine VanderLinden, managing director for Startupbootcamp InsurTech. (via Gadget)