Cape Town startups have been invited to apply for the Development and Digital Africa Days programme, which offers them the opportunity to meet investors, firms and public institutions in France. The French Directorate General for Enterprise is running the programme, which will offer selected startups the chance to pitch their business in Paris with a trip on October 26-28, in collaboration with La French Tech.
Cape Town was selected as a new French Tech Hub, becoming the sixth city globally to join the programme aimed at encouraging business and talent exchanges between France and South Africa. The French Tech Hub is now allowing local digital startups to apply to take part in the Paris trip, with the opportunity to develop partnerships with French firms. All travel and accommodation expenses are covered, with applications closing on October 4.
The ‘Mother City’ was selected by the French Minister of the Economy, Industry and Digital Affairs as the new French Tech Hub. As a result, Cape Town has joined a group of five other cities already designated French Tech Hubs by France – namely Moscow, New York, San Francisco, Tel-Aviv and Tokyo.
In order to foster the growth of start-up companies and to promote innovation, this project has been supported by a pool of leading French companies like Methys, Orange, Dassault System, Gemalto, Schneider Electric and Efront. They will be able to advise new entrants.
This initiative takes place in the context of the dynamic growth of French start-up companies, especially in innovation and emerging technologies. According to the Deloitte Fast 500 EMEA annual ranking, France has the largest number of hyper-growth firms in the Europe, Middle-East and Africa area, for the sixth successive year. The French government sustains this growth by structuring the network of start-up companies abroad.