A Startup Act
Co-Creating a National Startup Act
We are a collective that represents the South African entrepreneurship ecosystem, which includes investors, incubators, accelerators, and founders, uniting to support growth within the country by encouraging the development of policies that will benefit high-growth startup entrepreneurs.
What is a startup Act?
A Startup Act is essentially a component of policy or legislation that aims to make it easier for startups to establish, grow and scale.
To largely to see an ecosystem environment in South Africa where innovative high growth startups are not highly constrained because of policy
Unlock the full potential of entrepreneurial skills of the people in South Africa through policy alterations or additions
The journey thus far...
The concept of having a Startup Act in South Africa was birthed at the AfricArena Conference in November 2020. The months following the conference saw the formation of the Startup Act Steering Committee, aimed to guide the process toward a Startup Act and SiMODiSA was selected by the ecosystem to be the secretariat of this endeavour.
Fast track the events, immense progress has been made since the inception of this movement and here's a few highlights:
- A Draft Position Paper unpacked by Stephan Lamprecht and the Steering Committee members to the ecosystem.
- The Steering Committee members were invited to and they met with the President of the Republic of SouthAfrica, President Cyril Ramaphosa to discuss the progression of the movement toward a Startup Act, to understand the entrepreneurial ecosystem along with its challenges and constraints.
- The UK SA Tech Hub joined the movement by sponsoring the continuos work toward attaining a Startup Act in South Africa.
Join the Movement
By joining the Startup Act movement, you will be helping us drive awareness for the development of policy that encourages the growth and development of innovative and high-growth enterprises in South Africa. As a cornerstone of our country’s entrepreneurial ecosystem, the Startup Act will play a key role in supporting South Africa’s high-growth entrepreneurs and people and will in turn encourage job creation and socio-economic development.
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