Stellenbosch, Western Cape, South Africa
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Stellenbosch, Western Cape, South Africa - Startup Scene

Stellenbosch located in the western cape of south africa has a thriving startup scene that is gaining recognition on a global scale the area has a rich history of entrepreneurship with many successful businesses being founded in the region the geography of the area is diverse with stunning mountain ranges and fertile valleys providing a picturesque backdrop for innovation the population of stellenbosch is around 155000 with a large percentage of the population being students from the local universities speaking of which stellenbosch university is a key player in the startup scene with many successful businesses being founded by alumni technological innovations in the area are impressive with companies like aerobotics and snapplify leading the way in their respective industries other notable companies founded in stellenbosch include clickatell getsmarter and yoco the living wage in stellenbosch is around r6000 per month which is higher than the national average however the unemployment rate in the area is also higher than the national average sitting at around 20 despite this the city level gdp is impressive with stellenbosch contributing significantly to the western capes economy the rate of new companies starting and ending is also encouraging with many entrepreneurs choosing to set up shop in the area overall the startup scene in stellenbosch is thriving due to a combination of factors including a supportive community access to funding and a culture of innovation while there are still challenges to overcome the future looks bright for this dynamic and exciting region

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