Tue, 24 Nov 2020

The Western Cape Department of Economic Development and Tourism (DEDAT) invites startup companies operating in any facet of the ScreenTech space to take part in the upcoming Community of Practice (CoP) workshops, powered by Loudhailer and Silicon Cape.

The first of these will be held on Wednesday, 18 November 2020, with three more taking place over the coming months.

The workshops will allow members of the ecosystem to connect with, support and challenge their peers for mutual benefit, according to a statement. The aim is to strengthen relationships between stakeholders and bolster their collective learning, while also developing a set of resources for shared benefit, advocacy and collaboration. With expert facilitation, members will develop a set of key outcomes to be achieved over the next three years.

"Screens of all shapes and sizes have become the preferred way for people all over the world to acquire news, information, and knowledge; to entertain themselves; be productive; and connect," according to the statement.

"From laptops, smart TVs, and navigation devices, to smartphones digital video games and smartwatches, the use of screens is on the rise, especially in the wake of the digital wave propelled by the Covid-19 pandemic."

For instance, South Africa's video game market is growing at 5.3% and is expected to be worth US$270m by 2025, while Africa's video streaming market is set to grow five-fold. However, growth is concentrated amongst a few key players. Additionally, lack of funding for projects and studios in the region, along with a general disconnect from the global ecosystem, increases company failure rates and creates enormous barriers to entry.

Source: News24

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