“An important question to ask is, what does a successful and thriving entrepreneurship ecosystem of support look like? As the fourth industrial revolution is upon us, how best do we use technology to create business efficiency and scale?” – Matsi Modise
There has been much debate around what initiatives can be taken to drive the South African entrepreneurship ecosystem.
One of the organisations doing a significant amount of work around supporting the ecosystem is SiMODiSA, which is working closely with technology entrepreneurs, policy makers and funding partners to identify key interventions which can grow the economy.
SiMODiSA has released a copy of their 2019 report which looks at how the country has responded to challenges identified in 2014:
1 Address Exchange Control limitations.
2 Improve the Section 12J tax incentive for Venture Capital Companies.
3 Address the lack of uptake of government funded Intellectual Property (IP).
4 Pilot a public funding model for VC and SMME investing.
5 Increase the attractiveness of a SA Business visa.
6 Improve the labour market to respond to skills requirements of start-ups and SMMEs.7 Make the R&D tax incentive relevant for start-ups and SMMEs.