Zulu to Unveil Technology Businesses Incubation Partnership

By Dipo Olowookere

South Africa’s Minister of Small Business Development, Ms Lindiwe Zulu and the French Ambassador, Mr Christophe Farnaud will today launch the French South African Tech Labs, the new incubator and accelerator dedicated to South African and French entrepreneurs.

The launch, which will take place in Century City, Cape Town, is a partnership between Methys, an international company operating in digital transformation and Seda (Small Enterprise Development Agency), an agency of the Department of Small Business Development. Both organizations have invested a combined R10 million in this new programme for entrepreneurs.

According to a statement, this initiative seeks to enhance links between France and South Africa in the innovation ecosystem.

The primary goal of this partnership is to transform ideas and projects into sustainable businesses and to create dozens of jobs in the next few years.

This launch, which starts by 10am, is a build-up to the Global Entrepreneurship Congress which will be held in March this year – for the first time on the African continent.