The Mother City has won yet another accolade, this time being named among the world’s top cities who are succeeding in creating a favourable environment for start-ups to thrive.
The world’s most comprehensive global Startup Ecosystem Map and Research Center, StartupBlink ranks the start-up ecosystem of more than 1000 cities and 100 countries.
Their yearly Startup Ecosystem Rankings Report provides free quality information for start-up founders so they can make intelligent decisions about relocation and the right place to build their start-up. Their latest report places Cape Town in 146th place out of more than 1 000 cities.
Cape Town is home to 60% of all South African start-ups, and the city is also considered the continent’s tech hub.
Executive Mayor Dan Plato has welcomed this exciting placement.
“We are pleased to see Cape Town placed so highly in the global ranking. Cape Town is home to almost two-thirds of start-ups in the country and this can be attributed to the many support structures we have put in place to assist entrepreneurs. The City of Cape Town has prioritised support for small businesses and entrepreneurs, and being ranked as number one in the country just goes to show that this hard work is paying off,” said Executive Mayor Dan Plato.
“Of course, we are facing challenging times where many entrepreneurs and start-ups have not been able to trade due to the lockdown restrictions imposed by the national government during the COVID-19 pandemic. However, I am encouraged to see many businesses adapting to these challenging times and working together to assist those in need. The City has put a number of initiatives in place to support the business sector’s recovery from the lockdown,” added Plato.