The Cape Innovation and Technology Initiative (CiTi) believes in the potential of African entrepreneurs, and their ability to contribute to the digital economy, set to reach $100 trillion by 2025 (World Economic Forum). It is also passionate about the power of collaboration – and seeks to harness knowledge and skills in order to create a dynamic environment that stimulates the creation of tech and tech-enabled businesses.
CiTi (the Cape Innovation and Technology Initiative) was established in 1999. Best-known for managing the Bandwidth Barn, a space for start-ups to grow and connect in Cape Town, CiTi also successfully runs several programmes in the skills and enterprise development space. Research done on our ten-year anniversary with companies that had been through our programmes showed that more than 2800 jobs and over R800 million in combined revenue had been created.
Information technology has become more pervasive over the past two decades, to the point where it is integral across the innovation spectrum, from product and services innovation (such as the internet of things) to business model innovation (such as mobile money for the unbanked) to social innovation. CiTi supports IT-enabled innovation across sectors, including FinTech (and blockchain), EdTech and TravelTech.
The Cape Innovation and Technology Initiative excels through:
- Great industry reputation for delivery, thought leadership and innovation
- Physical presence in the vibrant communities of Woodstock and Khayelitsha
- Complete end-to-end business support from idea stage to R30m-a-year companies
- Scarce skills development and high-value job placement
- Strong M&E and administration
- B-BBEE Level 1 supplier that can address 3/5 elements of the B-BBEE Scorecard
- Strong corporate, public, academic and SMME partnerships
- Proven clustering and ecosystem development in fintech, edtech and gaming