The Silicon Cape initiative

By Staff Writer

The Silicon Cape initiative kicked off in Cape Town last Thursday. The initiative is a new organisation that is devoted to developing a digital innovation hub in Africa. It is modelled on the Silicon Valley concept in San Francisco. Drivers of the initiative Vinny Lingham and Justin Stanford opened the proceedings with their own particular brand of tech presentation as conversation. So what is the initiative for?

 

  • Develop a digital innovation hub
  • Kick start entrepreneurs make
  • Set up a Cape VC fund for start ups

 

So what does this have to do with your money? Well at the moment not much, it is a new initiative that wants to attract digital entrepreneurs and digital investors. Investors need to make a return; entrepreneurs want to make a going concern. The initiative is focussed on providing the environment to do this. The key is apparently people. The right people in the right place at the right time. This is where your money comes in.

The Silicon Cape initiative is aimed at creating, in the Western Cape, a great environment to make money. So if you are thinking of starting up a tech company now is the time and the Cape is the place. There will be a mass of new start ups coming out of this initiative and the scope to invest in them as well as start them is wide open. However there are some major constraints including regulatory and infrastructure issues that will need to be dealt with. If you are interested in the tech sector support the Silicon Cape initiative as it will be a growth area in the years to come.

Recent Articles

Featured Debt consolidation – Explained

Dealing with debt can be daunting. If you’re struggling to keep track of which store account to pay next and weighing up which credit card is more important to settle first, you may have considered debt consolation. At Justmoney, we’ve decided to get down to the basics and explain what this entails and what impact you can anticipate on your credit score.  

Read more

3 Vehicle financing options compared – which is cheaper?

Buying a car is a considered a milestone, both in life and financially. Unless you’re able to fork out the cash, many opt for financing. But often the excitement to drive it off the showroom floor overshadows the need to check if you’re choosing the most-suited option. To help you make the best-informed decision we compare available vehicle financing structures in South Africa.

Read more

Splitwise: Split the bill not the friendship

Collecting your friends’ debt to you can be draining. You don’t want to ruin your friendship with them, and it can also be extremely awkward. I don’t know how many times I have written, deleted, and rephrased texts, reminding people to pay what is due to me.

Read more

Stokvel-friendly accounts – which one is fair?

The stokvel economy is approximately worth R49 billion in South Africa. This is according to the National Stokvel Association of South Africa (Nasasa). Altogether 24% of these stokvels are in Gauteng, while only 6% are in the Western Cape.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Save with 10X investments

Price: Free
When: Until 30 June
Where: Online

Sanlam Cumulus Investment Plan Limited Offer

Price: From R2,500
When: Limited Period
Where: Nationwide

Roman's Pizza Special-Single Large Pizza

Price: R69.90
When: Until 31 July
Where: Nationwide