I know that IS announced a while ago in June that they were creating a VC-like fund for innovation and yesterday FMtech reported on more of the details.

I just wanted to say well done. It is great that companies such as IS are starting to invest in the SA web and start-ups.

“We are trying to improve the Internet in SA,” IS product development manager Jeff Fletcher said. - and that is a noble and worthy cause.

Our(24.com) investment into Blueworld Communities was a fantastic decision and I am sure Vodacom’s minority share in Zoopy.com will assist them to really grow their presence.

If you are looking to pitch a start-up them to HAVE to read “The art of start” by Guy Kawasaki.  In fact get your hands on anything you can from Guy - he is an apple legend and now focusses on getting start-ups started so to speak. The web is littered with his videos, talks and texts. You MUST do it. I read his book recently and was frothing at the mouth I got so excited. He details the best way to do pitches, plans and presentations. Key elements in getting funding.

I think we are going to see an explosion on the SA web and look forward to it!