VC4A research on 686 ventures registered in the country shows a clear relationship between venture performance and the support these ventures receive from the South Africa startup ecosystem.
For example, 50% of companies participating in ecosystem support programs secure investment. Even more interesting, the average investment secured is almost 3 times higher for the ventures receiving ecosystem support: USD 304K vs USD 126K.
These companies are also more likely to create new jobs. More specifically, 68% of the South African ventures are creating jobs with an average of 5.8 FTE per venture. When taking a further look at the age groups, 59% of them are between 12 and 35 years which is a little below the percentage on a pan-African scale (60%).
This is a considerable contribution to the country given its growing population and justifies further investment in the growth and development of the startup ecosystem and the entrepreneurs it supports.