SA start-up wins international competition

2014-05-20 14:30
iPhone 5. (Duncan Alfreds, News24)

iPhone 5. (Duncan Alfreds, News24)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Cape Town - A South African start-up has won an award at an international conference in Italy.

According to a report on ITWeb, Over, a social photography iPhone application, was judged to be the best start-up at the U-Start Conference held in Milan.

The app is modelled on photography apps like Instagram and allows basic editing for images as well as sharing via social networks.

However, the market for third party image editors is at risk given that many modern smartphones have built-in imaging tools and some, like the Sony Xperia Z2, also have video editing tools that allow users to edit video on the device.

Investors have argued that apps should be focused on developing markets like SA, India, Brazil and China because the next wave of people accessing the internet will come from those markets.

"Emerging markets are much bigger in terms of connections than the US and Europe. It depends on what you define as global. I think it's a fail just looking at the US," Kresten Buch, managing director of 88mph told News24.

The incubator has a South African office in Cape Town and funds technology start-ups with up to $100 000 in exchange for an equity stake of at least 10%.

Read more on:    mobile apps
NEXT ON NEWS24X

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
/Motoring
 

Middle-seat kids: Why are they special?

Limited legroom, a siblings on each side... the middle seat has long been considered the short straw in a car but does it have a secret?

 

Stay safe

Pro's and con's of accredited driver-training
Juvenile pillion riders? Play safe...
Need a family ride? SA's top Mommy Cars
Mom's driving-school dream come true
Horoscopes
Aquarius
Aquarius

You may need to re-look at the fine print. Things are not what they seem. Trust your intuition and look into things a bit deeper...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.