{"id":39391,"date":"2023-11-26T16:44:44","date_gmt":"2023-11-26T16:44:44","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/drone-start-up-to-represent-africa-at-world-tech-competition"},"modified":"2023-11-26T17:32:22","modified_gmt":"2023-11-26T17:32:22","slug":"drone-start-up-to-represent-africa-at-world-tech-competition","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/drone-start-up-to-represent-africa-at-world-tech-competition","title":{"rendered":"Drone start-up to represent Africa at world tech competition"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>Delta Scan, with its innovative engineering drone-based inspection technology and digital analysis, has walked off with the African leg of the Start-Up World Cup Pitch Competition at Africa Tech Festival that played out in Cape Town this week (14 \u2013 16 November).<\/b><\/p>\n<p>\u201cI appreciate the belief the judges have in me, it helps with motivation. We\u2019re on a good trajectory and it helps fuel the fire. We\u2019re looking forward to taking this to the global stage,\u201d said an overwhelmed MD Darryl Epstein.<\/p>\n<p>Epstein was one of eight start-up owners vying for the top prize at the Africa Tech Festival in Cape Town, which is globally sponsored by Pegasus Tech Ventures. At the end of November, Epstein will join 49 other entrepreneurs from around the world at the finale in San Francisco, USA. The grand prize winner at that event will walk away with $ 1 million to plough back into their business.<\/p>\n<p>Sawyer Tadano, Pegasus\u2019s South-East Regional Manager, said: \u201cThis was a fantastic event. There was lots of energy and variety in the pitches seeking to solve different types of problems. It was very interesting to see how Africans are solving problems.\u201d<\/p>\n<p>Delta Scan uses drone technology to transform the time-consuming and costly task of gathering information to inspect infrastructure \u2013 think bridges, buildings etc \u2013 and performing a real-time health check on these assets. \u201cIn the engineering world inspections are flawed, and mostly it\u2019s an art of guesswork,\u201d Epstein said.<\/p>\n<p>The drone captures data, which is then used to build a 3D model. \u201cWe can analyse a building in a matter of minutes \u2013 which would usually take weeks for an engineering company to complete. The 3D analytical model is so precise it can see an ant on a building,\u201d Epstein said.<\/p>\n<p>Other pitches at the competition included innovative education solutions, mobile money apps, job recruitment and a beauty app and solution from Kenya that connects Beauticians and clients together in a seamless environment that rewards loyalty from all stakeholders.<\/p>\n<p>Judge Zachariah George, of Launch Africa Ventures said: \u201cIt was a tough call but we had to make sure the winner could put their business on the global stage.\u201d<\/p>\n<p>Keshni Morar, founder and CEO of Investable, agreed: \u201cIt was no easy feat standing here in a room with a strange audience, so well done. We need to get you guys on a global stage for Africa.\u201d<\/p>\n<p><b>Masterclass in Funding<\/b><\/p>\n<p>\u201cInvestors look for chemistry and that comes from your storytelling\u201d Eric Osiakwan of Chanzo Capital<\/p>\n<p>Earlier in the week, visitors at the Africa Tech Festival were given a master class on the dos and don\u2019ts of fundraising. And surprisingly, establishing a good rapport with potential funders came out as the top tip.<\/p>\n<p>Eric Osiakwan of Chanzo Capital said: \u201cInvestors look for chemistry and that comes from your storytelling. Ask yourself, how do I make a connection with that person which is less transactional? Tell them what you are doing and why you are doing it. After the initial connection, the rest becomes easier. But you must tell your investor something that sticks out and stays in their mind, something unique.\u201d<\/p>\n<p>Joining this list of reasons why investors say no, is not having enough information at hand. \u201cLast year I spoke to over 100 start-ups who complained they were just not getting funding. I went on a road show to find out why and investors say they just aren\u2019t getting enough information during pitches. You have one shot in that room to present. There is no harm in, before your pitch, sending an email to see what they require from you,\u201d said Lara Rosman of UVU Accelerate.<\/p>\n<p>Sherif Nessim, of Jedar Capital, says timing is imperative. \u201cYou need to know when to start raising funds, what type of equity and value. And don\u2019t raise more than you need. Also, consider what amount you want to raise and how much equity you want to give away.\u201d<\/p>\n<p>Start-ups were a big part of the festival this year, with a dedicated zone, triple the size of previous events, given that Africa\u2019s future prosperity is in the entrepreneurial spirit of its people and reliance on them to solve many of the continent\u2019s unique challenges. 2024 is expected to attract even more incredible innovation.<\/p>\n<p>Details on Africa Tech Festival 2024 to be released shortly and further details as to how Delta Scan fares at the Start-Up World Cup will be released beginning of December 2023.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/botswana\">Botswana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. Delta Scan, with its innovative engineering drone-based inspection technology and digital analysis, has walked off with the African leg of the Start-Up World Cup Pitch Competition at Africa Tech Festival that played out in Cape Town this week (14 \u2013 16 November). \u201cI appreciate the belief the judges have in me, it [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":39390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,237,234],"class_list":["post-39391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Drone start-up to represent Africa at world tech competition - 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