{"id":165607,"date":"2017-03-22T13:08:48","date_gmt":"2017-03-22T11:08:48","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=165607"},"modified":"2017-03-22T13:08:48","modified_gmt":"2017-03-22T11:08:48","slug":"looking-for-funding-for-your-start-up-this-is-how-much-you-can-expect-to-get-in-cape-town-vs-johannesburg","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/165607\/looking-for-funding-for-your-start-up-this-is-how-much-you-can-expect-to-get-in-cape-town-vs-johannesburg\/","title":{"rendered":"Looking for funding for your start-up? This is how much you can expect to get in Cape Town vs Johannesburg"},"content":{"rendered":"

New data in the Global Start-up Ecosystems report for 2017 reveals how much early-stage funding the average start-up in Cape Town and Joburg can expect.<\/p>\n

The report, which analyses start-up environments in major cities across the world, found that Cape Town lives up to its title of being the start-up capital of South Africa, where, despite having a much smaller ecosystem value than Johannesburg, entrepreneurs can find almost double the funding.<\/p>\n

Cape Town based start-ups, on average, draw around $20,100 (R254,000)<\/strong> in early stage funding, compared to Johannesburg start-ups which draw $10,400 (R131,000)<\/strong>.<\/p>\n

This is despite Johannesburg’s start-up ecosystem being valued almost eight times higher than in Cape Town.<\/p>\n

Johannesburg’s ecosystem value (start up valuations, plus the exit value of start-ups in the city) is pegged at $1.36 billion (R17.2 billion), compared to Cape Town’s $172 million valuation (R2.17 billion).<\/p>\n

Looking at the global start-up ecosystem, however, South Africa is still far out of its league. The global average for early stage funding is over $252,000 (R3.2 million)<\/strong> – while the average ecosystem value is $40.1 billion (R506.6 billion).<\/p>\n

The report noted, however, that the overall value of startup ecosystems is\u00a0highly concentrated, with\u00a011 of the 55 ecosystems in the report\u00a0sample accounting for 78% of the global ecosystem value.<\/p>\n

“These 11 ecosystems are in seven countries,” the report said.<\/p>\n

Unsurprisingly, half of the ten best start-up destinations are in the United States, led by Silicon Valley and New York.<\/p>\n

Other countries identified as top start-up destinations include the UK, China, Israel, Germany, France, Singapore, Switzerland, Canada, Australia, the Netherlands and India.<\/p>\n

\"\"<\/a><\/p>\n

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Read:\u00a0Cape Town start-up selected for major Silicon Valley programme<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

New data in the Global Start-up Ecosystems report for 2017 reveals how much early-stage funding the average start-up in Cape Town and Joburg can expect.<\/p>\n","protected":false},"author":10,"featured_media":82207,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121],"tags":[26],"class_list":["post-165607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/165607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=165607"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/165607\/revisions"}],"predecessor-version":[{"id":165641,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/165607\/revisions\/165641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/82207"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=165607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=165607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=165607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}