Western Cape to maximise investment momentum in health tech space

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Western Cape to maximise investment momentum in health tech space
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Western Cape to maximise investment momentum in health tech space
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28 January 2022
  • R3bn NantSA and multi-million Biovac expansion confirms that the future of health tech is not just being imagined, but created in the Western Cape
  • Telling investors why the destination is a premium health tech investment opportunity, Wesgro unveils the Cape Health Tech Innovators series
  • Featuring world-class university leaders and local health tech pioneers, the series will be used to tell investors why to choose Cape Town and the Western Cape
  • Watch the series here


Here at the tip of Africa the future of health-tech is not only being imagined but created. Last week, Cape Town and the Western Cape welcomed the R3 billion NantSA investment. This marks the first mega health tech investment for 2022.

Other notable investments in the pipeline include Biovac’s multi-million Pinelands expansion in collaboration with Pfizer, to bolster the local manufacturing of vaccines.

Leveraging the momentum created by these large investments, Wesgro is doubling down on efforts to further promote this key sector. Showing potential investors why the destination is a premium health tech investment opportunity, Wesgro launches today six videos in the Cape Health Tech Innovators series. Click here to watch now.

Rallying the voices of world-class university leaders and local pioneers, the videos take on the form of a ‘day in the life of’ series.

Coming straight from the mouths of local captains of industry, the series authentically re-enforces why the destination is a key health tech investment opportunity.

Western Cape Minister of Finance and Economic Opportunities, David Maynier, comments: “We boast a thriving health tech industry, including an impressive research and development landscape, four top universities, a multitude of academic hospitals, and world-class infrastructure. These key attributes come through repeatedly in this series. Within the first month of this year, the Western Cape has already secured two major investments into local health tech, demonstrating investor confidence and it bodes well for attracting yet more job-creating foreign direct investment into this sector in the Western Cape.”

“Cape Town is regarded as Africa’s technology capital and is home to almost two-thirds of all start-ups in South Africa. I’m excited about showcasing the talent and innovation that Capetonians bring to the health tech field, and bringing more investment opportunities to the city,” added Alderman James Vos, Mayoral Committee Member for Economic Opportunities at the City of Cape Town.

Differing to past health tech promotional videos produced by Wesgro, the narrative is led by emotive visuals and guided by the voice of the university leader or pioneer respectively.

“Being in good company and amongst fellow competitors has always been a key consideration for potential investors. Taking our creative cue from latest trends, location attractiveness has grown in importance - especially with the rise of digital nomads and remote work. The series eloquently captures a world of health tech opportunities available in a world-class destination. We look forward to welcoming many more lucrative investments into the health tech space in 2022,” adds Wesgro CEO, Wrenelle Stander.

As part of the promotional activities, the body of work will be showcased at the upcoming Dubai Expo, South by South West Conference and Festival, with a deep dive into the individuals and their professions to be featured in the next edition of Wesgro’s popular Pioneers magazine.