After just a few weeks of calling for nominations, close to 1,000 total entries and 141 unique entries were received for the Nedgroup Investments and Heavy Chef ‘SA’s Top 5 Most Exciting Startups’ event on the 4th December 2018. Entries were closed on Friday 23 November, and yesterday a shortlist of 12 startups were announced. Today, we reveal the final five.
Donna Barnes, head of Retail Investments, says: “A rigorous structure was followed, which entailed sifting through the total entries to create a comprehensive list of the startups in the South African ecosystem.”
This list was sent to a panel of respected investors, entrepreneurs and community members. A final tally was taken, and then the final tally was ratified by Fred Roed, CEO of Heavy Chef.
Roed says: “The Top 12 is a strong list in its own right. The group of companies represented shows a healthy diversity across sectors in technology, race and gender – which is incredibly encouraging. It was really hard to leave companies out. For example, Augmentors is a strong favourite within the Heavy Chef team. There are also some great companies coming through the ranks, such as Click2Sure.”
“Getting to the Top 5 took over a week of constant emailing between twenty people, with the Top 5 list only being finalised on Wednesday 28th November.”
“By calling for nominations, we’re shining a light on all the amazing work that is being done in this sector. This is a celebration. This is intentionally the ‘most exciting’ startups, not ‘the best’ or ‘the most profitable’.
“In looking at the finalists, it’s important to note the spirit with which this event is intended. By calling for nominations, we’re shining a light on all the amazing work that is being done in this sector. This is a celebration. This is intentionally the ‘most exciting’ startups, not ‘the best’ or ‘the most profitable’. The final five looks at representation, inclusivity, diversity, and of course technological innovation.
“It’s only the second year we’re running this concept, but we are excited by how the community is responding.”
South Africa’s Top Five Most Exciting Startups 2018:
Using satelite and drone mapping, Aerobotics monitor crops and warns farmers about potential risks, scouts. The mobile app increases accuracy and saves time by planning targeted scouting trips. Farmers can receive accurate statistics for orchards with every drone flight including tree health, tree counts, individual tree size and canopy area. Benjamin Meltzer and his co-founder James Paterson are creating a global agritech business that is solving age-old problems for farmers, worldwide.
DataProphet is an AI startup that reduces risk in manufacturing by analysing data in factory production and uses machine learning to identify and eliminate defects and minimises downtime. Its primary product, Omni, seamlessly works on top of existing platforms and manufacturing environments. Isaac Matsa, a natural born salesman, is driving growth for this impressive startup and will be representing DataProphet on stage on Tuesday 4th December.
LifeCheq is making financial advice credible and authentic by moving personal financial advice from a biased, commission-based advisor to a subscription service that gives users access to a team of actuaries and experts. Co-founder Abu Addae is an Actuarial Scientist who cut his teeth at Old Mutual, and is now shaking up the industry by providing legitimate, non-biased financial advice at an accessible rate.
LifeQ is a world-leading science and technology company that aims to enable people from all walks of life to enjoy optimal health. LifeQ has made significant strides into international markets with its tailored health solutions. LifeQ aims to help people live longer, higher-quality lives. LifeQ’s founder Riaan Conradie will arrive in Cape Town this weekend, just in time to represent one of South Africa’s proudest startup exports.
eCommerce startup Thursdays (allegedly named because it was founded by Shona Macdonald on a Thursday) focuses on swimwear and lingerie for women c cup and up. Focused on empowering women in the clothing sector, this is a truly inspiring, fun and heartwarming social entrepreneur venture. Founder, Shona Macdonald, is tackling on the most challenging segments in business and has made healthy strides over the past year.