Google has announced that it will be launching a startup incubator in Cape Town, South Africa, called Umbono. The incubator aims to support the local tech ecosystem in South Africa by offering local startups access to seed capital, Google mentorship, and angel investors. Umbono will focus on web and mobile-based startups building solutions to local problems, which also have regional appeal, in an effort to help them "transform their ideas into companies", according to Google SA country manager Luke Mckend. Fittingly, "umbono" happens to be the very Zulu word for "vision" or "idea".
Source: http://feedproxy.google.com/~r/Techcrunch/~3/l4Q2lds-kQo/
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