Commercialisation Support Fund
The main objective of the commercialisation support fund is to prepare innovators for follow-on funding, through limited support for market testing and validation. In this instance, the Technology Innovation Agency's (TIA) role is to connect technology innovators to onward business and investment opportunities.
TIA's Commercialisation Support Fund is targeted at innovators in institutions of higher education, science councils/public research institutions and Small, Medium and Micro-sized Enterprises (SMMEs). Limited support is provided for marketing testing and validation (Technology Readiness Level (TRL) 8). Applicants, excluding science councils and institutions of higher education, are required to be South African Citizens with valid South African identity documents. Entities (SMMEs) must be registered with the Companies and Intellectual Property Commission (CIPC) and adhere to acceptable corporate governance practices appropriate with the client's legal status. Entities are required to have contractual capacity to engage with TIA and all primary technology development activities must operate within South Africa. Applicants with foreign owned intellectual property (IP) should license or assign the IP to a local institution (institution of higher learning, science council or legal entity registered with CIPC). TIA will assess the attractiveness and sustainability of the project opportunities in terms of (among others) the innovativeness of the technology/product/process/ services, current stage of technology development, viability of the technology, business model, structure and process required to commercialise.
To apply visit the TIA website, register and complete the online application.
TIA will assess the attractiveness and sustainability of the project opportunities in terms of (among others) the innovativeness of the technology/product/process/services, current stage of technology development, viability of the technology, business model, structure and process required to commercialise.
TIA has a three-stage application process; the submission of a Statement of Interest and basic
assessment, full assessment and approval.