French Tech Cape Town launches new French Tech Labs in South Africa
French Tech Cape Town announced the launch of French Tech Labs – an Incubator and Accelerator structure for French and South African start-ups – in Century City on the 16th of November.
Cape Town – November 18th, 2016.
On the 16th of November, during AfricaCom, French Tech Cape Town celebrated the launch of its brand new 400 sqm incubation and acceleration structure French Tech Labs, dedicated to the development of French and South African Tech businesses. This cocktail dinner gathered 150 guests both South African and French key Tech players, including public figures like Provincial Minister of Economic Opportunities Alan Winde, Consul of France in Cape Town Xavier D’Argoeuves, and Wesgro CEO Tim Harris.
Since its launch in February 2016, French Tech Cape Town , supported by major French Tech players such as Orange, Dassault Systemes, Schneider Electric and Gemalto, is an increasingly powerful force in the Cape Town Silicon Cape Tech community, aggregating hundreds of start-ups to large companies, joining in an effort to cooperate and co innovate in South Africa. With a community of more than 2 000 key Tech actors, the network has been growing through monthly events and the dynamism of its initiatives at the local, national and international scale (with programs such as French Tech Ticket, Development and Digital Africa Days, Start-up Challenge Digital Africa…). Thanks to the joint efforts of the French and South African Tech communities, those successful initiatives embrace the acceleration of innovative technology ventures, supporting the digital skill development at the local and national scale. French Tech Cape Town aims now at expanding from being not only a networking platform but also to include a physical location dedicated to entrepreneurs and start up incubation and to the development of disruptive businesses and services.
Building on the established success of its core Cape Town component, Methys Labs, French Tech Labs will be a home base for digital entrepreneurs, providing in-house development engineers, business mentoring, coaching, business development, funding and access to an international network of 22 international French Tech Hubs around the globe and thousands or small to medium size tech players The initiative is kick started by a R5 million investment in Methys, to be completed by sponsors and South African partners expected to further expand the capacity of the Labs within the next few months, with a focus on black entrepreneurship. Ultimately the goal of the hub is to create sustainable jobs and profit generating ventures in South Africa, having the ability to scale up internationally.
About a dozen start-ups, including award winning Powertime, Energy Intelligence
and Paygenius are already in the French Tech Labs portfolio and embrace the key focus areas that will be addressed by the Labs, reflecting the specialization fields of the founding members of the French Tech Cape Town ecosystem: Smart City, Smart Home, Smart Commerce, Smart Media, and Smart Education.
Christophe Viarnaud, co-founder, Chief Executive Officer of Methys and Lead
Ambassador of Cape Town French Tech, said “Over the past few months, French
Tech Cape Town has developed successful initiatives and scaled up its capacity from the core 6-year-old Methys Labs structure, combining French and South African innovation. Today, French Tech Cape Town is pleased to announce the launch of a physical platform, French Tech Labs to support digital development in South Africa and welcome startups and new talents in our incubation and acceleration program. We are working very hard with the global French Tech Network, the French Tech Hub founding members, and our South African partners, to accelerate the development of these Labs to accelerate start up creation in the digital sector”
Anta DIALLO – French Tech Cape Town, Methys, Tech Incubation & Fundraising Analyst : adiallo[at]methys.com
About French Tech Cape Town
The French Tech Cape Town is a community composed of several incubators (Methys Labs, Far Ventures, Eco-connect/Le Comptoir de l’Innovation), a coding School (WeThinkCode) and a dozen start-ups (African Travel Desk; AtnetPlanet South Africa; Candystick; Dataprophet; Deezer; Doza; Energy Intelligence; Myows; Odity; Paygenius; Powertime; Rabbit; Timeone; Where Are You Now). La French Tech in South Africa is supported by French leading firms (Methys, Orange, Dassault Systèmes, Gemalto, Schneider Electric), business associations (French South African Chamber of Commerce) and public partners (Business France, French Consulate of France in Cape Town, French Embassy in South Africa) which are working in close cooperation with the Silicon Cape community, local and national South African agencies such as Wesgro, CiTi and SEDA.
Wesgro is the official Destination Marketing, Investment and Trade Promotion Agency for the Western Cape, located in Cape Town.
Methys is an international Digital Transformation technology firm with operations in France, Benelux, UK, Tunisia and South Africa. Methys is focused on customer success, driving maximum business performance. Leveraging on partnerships with key technology providers and a rich set of methodologies blending functional and technological excellence, the passion of Methys people is about giving you the means to enhance the performance of your business.