Clusters of Innovation
By bringing together like-minded individuals and their start-ups, CiTi encourages a vibrant ecosystem that stimulates innovation in tech and tech-enabled businesses, through interaction and idea sharing.
Fintech Open Innovation Cluster
Using the internet to transform the financial industry and disrupt its biggest players is no longer a trend; it’s a digital revolution. And, with its Fintech Open Innovation Cluster, CiTi gives entrepreneurs access to the facilities, expert advice and introductions to funding that they need to become a part of this revolution.
In 2015, Barclays became CiTi’s first Fintech cluster member, and launched the pioneering start-up community Africa Rise. Since then Thomson Reuters LabsTM – Cape Town and the Blockchain Academy have joined the Cluster and taken up space at the Bandwidth Barn Woodstock.
Technology has the power to transform education. And, with the launch of Africa’s first EdTech Open Innovation Cluster, which has physical space inside the Bandwidth Barn Woodstock, CiTi is positioned to support and encourage start-ups that are looking to impact and change the education system in South Africa and indeed the entire continent.
Companies like HyperionDev, a mentor-led online learning platform for tech skills, and Edro Robotics, which offers computer programming for young kids, have set up at the Bandwidth Barn Woodstock and are members of EdTech Open Innovation Cluster.
The Cluster is headed by Jamie Martin, a former Special Advisor to the UK Secretary of State for Education. He specialised in education at the Boston Consulting Group in London and the Middle East, and worked in venture capital focused on African education companies.
Data Open Innovation Cluster
The interest surrounding business analytics, big data and data science in general has transitioned squarely into the mainstream of business decision making worldwide. And, CiTi’s Data Open Innovation Cluster aims to help government, corporates and SMEs take advantage of this exciting trend by providing knowledge, advice, product management expertise, and skills and capability development to ensure that the Western Cape remains at the forefront of innovation in this cutting edge field.
The launch of an up to 300 Mbps, uncontended, low latency fibre connection, powered by Telkom, at the Basement at the Bandwidth Barn will give big data analysts the speed and access to cloud computing needed to crunch huge amounts of raw data to create meaningful customer insights with commercial application. Telkom’s Big Data Unit, headed by the company’s chief data scientist, Shaun Dippnall, is based at the Basement at the Bandwidth Barn to tap into this connectivity as well as the agility and intellectual property of the collaborative ecosystem of the new CiTi data cluster.
Traveltech Open Innovation Cluster
Tourism is a priority job creation sector for the Western Cape and also a vehicle for sustainable economic growth. Travel technology has enormous transformative potential and the creation of this Cluster aims to stimulate development and investment that will not only benefit Cape Town but the entire country.