Best city for startups: Joburg vs Cape Town

The findings show that Silicon Valley is the top global startup ecosystem, followed by New York City and London tied at second.

“Today, the digital economy is the economy — or at least the economy’s future,” the report’s authors said. Since 2012, global average Series A rounds have tripled to more than $18 million. Post-money valuations are up, on average, by 239% over 10 years, with the biggest growth in later rounds.As for major innovation trends, the rising digits tell the story: Web3, Industry 5.0, Supply Chain 4.0. And, of course, 5G. Innovations in — among many other sectors — digital finance, AI-discovered molecules, and climate-change mitigation are remaking not just business, but also the social and physical worlds.

The GSER 2022 ranks startup ecosystems on seven success factors, including performance and talent, and for South Africa, the report highlighted Cape Town and Johannesburg.Cape Town’s 450 tech firms, including both giants like Takealot and Amazon and early-stage companies, collectively employ more than 40,000 people. And more businesses are moving to the South African ecosystem.

Private equity and venture capital conference SuperReturn Africa 2022 is scheduled to take place in Cape Town in December.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Makro owner opens massive new distribution centre in JoburgMakro and Game-owner Massmart opened its new distribution centre in Riversands, Johannesburg on Tuesday (14 June). Can't believe that rooftop isn't covered in solar !
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Former Pirates star in court for 'defrauding' City of Joburg R15mFormer Orlando Pirates defender-cum-businessman Tonic Chabalala is accused of paying R500,000 in bribes to supply chain employees who allegedly assisted him in defrauding the City of Joburg of R15m in overpaid invoices. Pirates people bona🚮 Unbealivable😂 PhalaPhalaFarm PhalaPhalaGate RamaphosaMustGo
Source: SowetanLIVE - 🏆 13. / 63 Read more »

ART OP-ED: Navigating a network of artist studios in the centre of JoburgWhile Open Studios wasn’t trying to provide an alternative to Johannesburg’s art fairs and galleries, it was short-circuiting the conventional networks of viewing, buying and selling art and, in doing so, establishing a new audience base in the city. By opening up their spaces to the public, artists can sell their works right off the walls of the studio. Few months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn $50,000 now am financially stable.
Source: dailymaverick - 🏆 3. / 84 Read more »

Air Côte d'Ivoire launches 'the quickest route' between Joburg and Abidjan | BusinessinsiderWith a refuelling stop in Kinshasa, the flight will be the quickest route between South Africa and Côte d'Ivoire, taking less than eight hours. Just_A_Driver24 Another route lost to SA!
Source: BISouthAfrica - 🏆 34. / 51 Read more »

Former Pirates star in court for 'defrauding' City of Joburg R15mFormer Orlando Pirates defender-cum-businessman Tonic Chabalala is accused of paying R500,000 in bribes to supply chain employees who allegedly assisted him in defrauding the City of Joburg of R15m in overpaid invoices. Sea robbers Eish As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of Allison_Grillo I made a successful withdrawal of R 200,000 with the help of Allison_Grillo.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Night Embassy Joburg is back: The city that never sleeps resumes the nightlifeNight Embassy Joburg is back: The city that never sleeps resumes the nightlife - DBN Gogo, Blxckie and ByLwansta are headliners at the return of this iconic event
Source: mailandguardian - 🏆 2. / 92 Read more »