Entrepreneur Traction, a network of tech experts, is seeking to fill the gap and reduce the fragmentation seen in Cape Town’s tech start up community, by introducing a series of high profile networking breakfasts aimed at driving partnerships and collaborations set to put promising local tech businesses on the global map.
With Cape Town becoming a colourful and fast growing hub of vibrant tech innovators, the Western Cape is expected to play a significant role in driving job creation as an economic driver for the country.
“The emerging technology sector in SA, however is already a critical economic driver for the country, as we see a healthy demand and rapid adoption of technologies among African businesses, spanning the telecommunications, e-commerce and IT industries,” says Eric Edelstein co-founder of Entrepreneur Traction.
Edelstein explains that although there is a healthy stream of exciting opportunities for tech entrepreneurs starting up on African soil, there are also many obstacles and challenges that contribute to the high number of these businesses going under within the first 20 months of operating. “So many factors contribute towards these hi-tech start-ups failing such as lack of business experience and support from government; limited opportunities to access capital, shortage of developers and product experts or simply a lack of confidence and hesitance to take the risks necessary to succeed.”
“This, coupled with the existing fragmentation among these start-ups in the Silicon Cape region made us aware of a burning need to bring like-minded tech entrepreneurs together to collaborate, innovate and problem solve collectively rather than in silos.” Edelstein believes that if this inherent problem in the industry can be resolved, then SA’s tech sector will have the ability to impact the global technology industry.
“The rapid growth in SA’s tech start-up space has inevitably resulted in an inundation of workshops, seminars and sales pitches, in an effort to enable and educate tech entrepreneurs,” says Ariel Navarro, CEO of Entrepreneur Traction. “Although there is a solid place for education, we see a significant need for simply providing a quality environment for tech entrepreneurs to network with substance. We would ultimately like to see collaborations and business partnerships becoming success stories through the exclusive network that we are creating.”
With inroads to some of the greatest minds in the tech world, locally and abroad, Entrepreneur Traction will be hosting a mystery speaker at each and every monthly intervention, only to be revealed at each event.
Young tech entrepreneurs who are hungry and passionate to grow themselves and their organisations are encouraged to register online in order to be considered for inclusion in this vibrant community.