South Africa lacks tax incentives that benefit VCs and startups with their tax burdens.Digital Collective Africa is bringing conversations to the government by co-creating the South African Start-up Act.SA's proposed Startup Act has the potential to make South African startups a financially viable option for global investors.The Startup Act is more than just a tax act and proposes to transform environment startups operate in.Physical ecosystems are necessary to develop startups, Innovation City is breeding grounds for growth and innovation.VCs are playing their role in developing the ecosystem by providing key support to early stage ventures.South Africa needs to follow the Brazil infrastructure finance program which created an exemplary blueprint.South Africa has key areas of improvement that can attract investors and innovators to the venture ecosystem.Drawing lessons from other EMs, the importance of developing the physical ecosystem cannot be understated.South Africa's blockchain industry will be the industry to put it on the right path.