WHAT MAKES THE TECH SECTOR IN CAPE TOWN and STELLENBOSCH STAND OUT?
Endeavor Insight partnered with the Cape Innovation and Technology Initiative (CiTi), Allan Gray Orbis Foundation, and Wesgro to understand how tech entrepreneurs achieve scale in Cape Town and Stellenbosch and what foundations and other stakeholders can do to support them. Over the course of the study, more than 150 tech entrepreneurs were interviewed and secondary data was collected on over 450 tech companies. Their responses and data informed the findings and the interactive tech map below.
Entrepreneurship networks can transform industries, because successful entrepreneurs have a multiplier effect on their local economy - if they share their knowledge and resources. Through angel investment, mentorship, serial entrepreneurship, and former employee spinouts, they can have an outsized influence on job and wealth creation in their sectors. As part of this research, Endeavor Insight mapped these connections between Cape Town and Stellenbosch tech founders to see how the sector evolved over time.