Aions Creative Technology: 2023 marks the rise of venture builders

In a recent interview with CNBC Africa, Mitchan Adams, the founder of Aeons Creative Technology, shed light on the current landscape for startups in South Africa in the year 2023. Adams discussed the level of optimism among new entrants to the market, highlighting that in the face of challenges, there is ample opportunity for those who can provide innovative solutions and turn a profit. He emphasized that venture capitalists are not pessimistic but rather risk-averse, seeking to protect their investments by backing more established companies rather than early-stage startups. However, with the changing dynamics in the tech industry, particularly in sectors like fintech, solar energy, and Web 3, there is a shift in focus towards decentralized financial systems and emerging technologies like blockchain. The rise of super apps, which connect various aspects of the consumer supply chain, is also seen as a trend to watch out for in the coming year. Despite the challenges in accessing funding, the concept of venture builders is gaining traction as a way to mitigate risks and support the growth of startups in South Africa. By partnering with venture builders, startups in sectors such as AgriTech and IoT can enhance their chances of becoming venture capital-ready and attracting investment. This innovative approach is expected to bridge the gap between early-stage startups and traditional venture capital funding, paving the way for a more dynamic startup ecosystem in the country.