The launch of the French South African Tech Labs
The French South African Tech Labs (FSATLabs) were launched on 21 February 2017 in Century City, Cape Town, by Ambassador of France to South Africa Christophe Farnaud and South African Minister of Small Business Development Lindiwe Zulu.
FSATLabs is a new incubator and accelerator dedicated to French and South African entrepreneurs in the digital sector. FSATLab is funded by French international company Methys and the South African Small Enterprise Development Agency (SEDA), a combined investment of R10 million.
The French South African Tech Labs offers a 400m² incubation and acceleration structure for entrepreneurs based in the Western Cape who want to develop their enterprises in the digital sector. It enhances economic cooperation between France and South Africa by strengthening the South Africa’s innovation ecosystem.
The primary aim of FSATLabs is to transform ideas and projects into sustainable businesses and to create jobs.
FSATLabs is headed by French Tech Cape Town Ambassador Christophe Viarnaud. Cape Town became one of the first French Tech Hubs in the world in February 2016.
This launch is one of the concrete achievements of the agreement signed between the Embassy of France and SEDA in November 2016.
Download the press release here.