People 'n' Issues

SA start-up climate measured

August 5th, 2015
Ventureburn – in partnership with First National Bank, investment advisory firm Clifftop Colony, and data gathering and analytics company Qurio – has launched the Ventureburn Startup Survey 2015, which is looking to uncover the nuts and bolts of the startup sector.
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Ventureburn, part of the Burn Media group, is an authority on recording the wild growth of startup and entrepreneurial activity in South Africa, Kenya and Nigeria.

The survey answerers questions like: What are the major challenges facing the country’s entrepreneurs? What do South Africa’s startup founders look like? What sectors are startups more prevalent in? What types of funding are startups securing, and where are they getting their money from? Why do people choose startup life over comfortable corporate life? Why are people flocking to startups to work there?  Where is the most startup activity happening in South Africa?

“We explore, in depth, real data on the startup community, and interpret and publicise the survey data in the form of a series of articles on Ventureburn and the wider media. With the data that we release to the country, we will create a case study, publish an infographic and present the insights at various associated conferences,” says Jacques Coetzee, who heads up Ventureburn.

It’s not just about startups. Big businesses have also stepped into the spotlight. First National Bank recently invested over R3-million in the Silicon Cape initiative. This collaboration will further help foster technology in the Cape Town region. Clifftop Colony meanwhile has raised close to R750-million in equity and equity equivalents for South African high growth technology companies since the firm was founded in 2012. MTN and the University of Cape Town’s Graduate School of Business recently announced a R15-million deal to help foster innovation.

On the government front and in the spirit of the National Development Plan 2030, the City of Johannesburg has dedicated millions of Rands to support entrepreneurs through the Green City Startup Challenge. In the Western Cape, the government recently announced that it has dedicated over R45-million this year to support entrepreneurship and business development.

Who qualifies? Am I startup? If you are a technology-based startup, small business, SMME with annual revenues of between R0 and R30-million and/or staff numbers of anywhere from 1 to 50, we want you to participate in the survey.

What can I win? By completing the survey, you are guaranteed to win a Startup Goodie Bag to the value R4300. In addition to that, you stand the chance to prizes to the value of R170 000, including an iPad mini 16gb with wifi & cellular worth R7 799, courtesy of Digicape.

Alright, I am keen already! Tell me who, what, where, hen, and how: To participate in the survey simply visit the Startup Survey page and follow the instructions:

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