FNB and Silicon Cape sign strategic partnership

The Silicon Cape initiative is a non-profit organisation that aims to improve the ecosystem for tech businesses by providing a platform for the community to collaborate, share resources and amplify tech innovation. The initiative to date has been completely volunteer driven and includes tech-entrepreneurs, developers, angel investors and venture capitalists who are passionate about entrepreneurship in their community. Silicon Cape has over 8500 registered members and is one of the largest entrepreneurial networks in Africa. The collaboration with FNB is Silicon Cape's first long-term partnership since inception.

"The partnership with Silicon Cape advances our contribution to creating an enabling environment for SMEs in South Africa. Through its diverse membership, Silicon Cape has been at the forefront of efforts to minimise barriers in doing business among tech-entrepreneurs. The partnership will also enable us to share best practice and contribute towards better positioning of tech businesses to potential investors," said Stephan Claassen, FNB Business Provincial Head: Western Cape.

An immense vote of confidence

Speaking on behalf of Silicon Cape, Alexander Fraser said: "FNB's endorsement is an immense vote of confidence for tech-entrepreneurs and every start-up business in the Western Cape, as well as the rest of South Africa. Big business has a crucial role in ensuring that entrepreneurs have the necessary support to create jobs and boost economic growth. FNB's backing will certainly bolster our efforts to build a better ecosystem for tech-entrepreneurs. This investment and long-term commitment will enable Silicon Cape to scale and build additional value in our ecosystem."

The tie-up was also welcomed by Tim Harris, the City of Cape Town's Director of Trade and Investment: "This is an important collaboration between FNB and the tech sector in the city region. Cape Town is poised to become a leading technology hub in Africa, and partnerships like this will catalyse the growth of the sector helping to drive economic growth and create jobs in our city," said Harris.

Listen to the podcast (37 seconds):