Entrepreneurial training programme Seed Academy has launched South Africa’s first startup survey, aimed at obtaining a picture of the country’s startup sector and the challenges it faces.
The survey targets startup entrepreneurs who have been in business for less than five years, with those that participate entered to win one of three places at Seed Academy’s entrepreneur training programme.
“Whilst more funding and opportunities are available for startups, we need to benchmark where we are and which areas need improvement – we have therefore developed South Africa’s first start up survey,” said Jeff Miller, non-executive chairman of Seed Academy.
“The survey aims to get a national picture of startup entrepreneurs, what challenges they face, what issues relate to funding, what sort of additional support is needed to increase success rates. We hope to get up to 1,000 responses and we will share our findings. This national survey will develop impetus for industry and government to align efforts to create a more sustainable and successful startup culture in South Africa. It’s essential that we succeed to create an economically successful country and to reduce our high unemployment rate.”
Seed Academy will reveal the results at Seed Engine’s SA Entrepreneur Funding Summit 2015, which will involve all stakeholders in the country’s entrepreneur funding ecosystem and come up with practical ideas to enhance, grow and develop the funding networks for entrepreneurs in South Africa.