Seedstars Launching Tech Incubator In Cape Town This Month
Switzerland-based Seedstars, the world’s biggest startup competition in emerging markets, plans this month to launch a tech incubator in Cape Town.
The Seedspace in the Mother City will be the fourth on the African continent, after the launch of the company’s Cairo Seedspace in April this year, and two further incubators in Lagos, Nigeria and Abidjan, Cote D’Ivoire.
With four other incubators present in Geneva, Switzerland (La Chevillarde and La Praille) and Colombia (Bogota and Medellin), the organization aims to have 15 Seedspace venues globally by the end of the year, according to Seedstars.
Known for its global startup contests, Seedstars brings together the best tech startup talent from around the world, with a special focus on emerging economies.
Competitions take place within each of these countries, with the eventual winner given the chance to pitch to global investors at the Seedstars World competition, providing these early-stage companies with invaluable exposure.
Until recently Seedstars has been operating a work space in the popular South African city in a joint venture with co-working space Spin Street House.
Romulo Navarrete, head of operations at Seedspace, explained the natural evolution of Cape Town as the next important Seedspace venue.
“For a long time we’ve been active in the Cape Town ecosystem, organizing our Seedstars World startup pitch competition and engaging with ecosystem actors like Spin Street House, which played a vital role in our settlement in the city,” Navarrete, according to Ventureburn.
“Now, by fusing this local hub with Seedspace globally we aim to consolidate our activities in Cape Town and South Africa, providing the local ecosystem not just with a space, but also access to a robust international community,” he added.
Tech incubator launch builds on Africa’s Seedstars success
Agrocenta was eventually chosen as the winner from the 65 tech startup finalists from around the world, earning a $500,000 investment from Seedstars as a result, according to
Seedstars World, which describes itself as the world’s biggest startup competition in emerging markets, saw the Ghanaian startup chosen as the best among many impressive ideas and innovative businesses.
AgroCenta was the Ghanaian winner in their local Seedstars Accra competition. The startup has developed a solution which empowers smallholder farmers through innovative technology.