MATTHEW BUCKLAND: Thinking globally will rev up SA’s robust start-up sector
To create high-growth, digitally enabled businesses that contribute to the country and create jobs, SA’s entrepreneurs should build local but aim global
SA’s start-up ecosystem is robust and growing, but our entrepreneurs and investors need to develop a truly global mind-set to take advantage of a globalising world. Two recent start-up studies on the country’s entrepreneurial and investment sector, released earlier in September, back up the hype with research and hard figures, pointing to a booming start-up sector. A report from the Netherlands-based start-up research firm VC4A notes that the SA start-up ecosystem is one of the most "robust and developed on the continent", with strengths that include significant consumer and business markets, sophisticated entrepreneurial talent, and a strong corporate sector. It also notes that the country has access to local capital and ties to a growing number of international investors, but that more needs to be done for SA to become a global player. Another report from the Southern African Venture Capital and Private Equity Association (Savca), an industry body for venture capital (VC) and priv...