Cape Town named the best place for tech startups
CAPE TOWN - The Western Cape is considered to be the best place for technology startups, according to a report commissioned by Wesgro and the Cape Innovation and Technology Initiative.
Amongst the reasons cited by Tech startup funders who were interviewed, Cape Town offers the best lifestyle for Tech entrepreneurs compared to other tech hubs across the continent.
Although Cape Town has less (450-550 Tech startups, the report revealed that Cape Town tech Startups produce more jobs.
The report also revealed some of the challenges that need to be addressed in order to enable smooth operation by Tech startups.
Talent and access to capital has been highlighted as one of the major obstacles by startups.
Tim Harris, Wesgro CEO, called for collaboration by the Cape Town tech eco-system to address some of the challenges highlighted in the report.
Have a look at the full report by CiTi, Wesgro and the Allan Gray Orbis Foundation.