In 2023, according to data provided by StartupBlink, the best city for startups in South Africa was Cape Town, with a total score of 5.19. The city ranked 136th worldwide in that year. Other leading cities for startup activities in South Africa were Johannesburg, Pretoria, and Durban.
Leading cities for startups in South Africa in 2023, by total score
The source states that the total score of the rankings is a sum of the quantity, quality, and business environment individual scores. The score ranges from 0 to 546.427 points (maximum score awarded to San Francisco, U.S., the best ranked city in the world according to the Startup Ecosystem Rankings 2023 report).
Quantity Score: Takes into account different metrics, such as number of startups, number of coworking spaces, and number of accelerators, to establish the activity level of the startup ecosystem.
Quality Score: Studies parameters that indicate qualitative results achieved by the ecosystem. These parameters include analyzing the traction of the ecosystem’s top startups, as well as reviewing “special entities” the ecosystem has produced: Unicorns, Exits, and Pantheon.
Business Score: It is a mix of business and economic indicators at the national level, discounted for cities that haven't reached a critical mass either for Quantity or Quality.
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StartupBlink. (May 29, 2023). Leading cities for startups in South Africa in 2023, by total score [Graph]. In Statista. Retrieved October 15, 2024, from https://www.statista.com/statistics/1298600/top-cities-for-startups-in-south-africa/
StartupBlink. "Leading cities for startups in South Africa in 2023, by total score." Chart. May 29, 2023. Statista. Accessed October 15, 2024. https://www.statista.com/statistics/1298600/top-cities-for-startups-in-south-africa/
StartupBlink. (2023). Leading cities for startups in South Africa in 2023, by total score. Statista. Statista Inc.. Accessed: October 15, 2024. https://www.statista.com/statistics/1298600/top-cities-for-startups-in-south-africa/
StartupBlink. "Leading Cities for Startups in South Africa in 2023, by Total Score." Statista, Statista Inc., 29 May 2023, https://www.statista.com/statistics/1298600/top-cities-for-startups-in-south-africa/
StartupBlink, Leading cities for startups in South Africa in 2023, by total score Statista, https://www.statista.com/statistics/1298600/top-cities-for-startups-in-south-africa/ (last visited October 15, 2024)
Leading cities for startups in South Africa in 2023, by total score [Graph], StartupBlink, May 29, 2023. [Online]. Available: https://www.statista.com/statistics/1298600/top-cities-for-startups-in-south-africa/