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Summary: 
A short description of the funding opportunity.

The incentive is aimed at encouraging private sector businesses to invest in and conduct R&D in South Africa. With increased R&D, businesses can enhance innovative capability and create new products, processes, devices and techniques, and/or improve existing ones.

Keywords: 
Keywords related to the funding opportunity.
Full description: 
A detailed description of the funding opportunity.

The incentive allows any company undertaking scientific and or technological R&D in the country to deduct 150% of its R&D spending when determining the taxable income. The incentive is available to South African registered companies of all sizes in any sector of the economy. These companies must undertake qualifying R&D in the Republic of South Africa and the R&D activities must meet the definition of R&D in section 11D(1) of the Income Tax Act (ITA) in order to qualify. To access the incentive, a company must submit an application to the Department of Science and Technology (DST). Approvals are granted by the Minister of Science and Technology and communicated to the applicants through a letter. A committee has been established in terms of the ITA to adjudicate any application received and make recommendations to the Minister with respect to eligibility. All companies with approved applications are required to submit progress reports to the DST, commencing a year after receiving approval. Specific activities are excluded from the R&D Tax Incentive, examples are; the activities that are not within the scope of eligible R&D as defined in section 11D(1) of the ITA, post-R&D activities, and activities conducted outside the Republic of South Africa (even if funded from within the country). In addition, the following activities are ineligible, in respect of multisource pharmaceutical product and clinical trial R&D projects; phase IV clinical trials (see guideline) other than a clinical trial conducted for the purpose of developing new indications, developing new methods of administration or developing new combinations of pharmaceutical products, post-marketing research, cost-effectiveness research, any activities undertaken for the purpose of compliance with regulatory requirements, a product familiarisation programme, research carried on for statistical purposes (meta-analysis) and epidemiological research.

What is funded: 
A description of what is funded by this opportunity.

Scientific, technological research and development.

Technology readiness level: 
The minimum Technology Readiness Level a technology should have to be considered for this funding opportunity. Please follow the link to view more information on Technology Readiness Levels: Technology Readiness Levels
Project assessment criteria: 
Your project will be assessed based on the following criteria.

The incentive is available to South African registered companies of all sizes in any sector of the economy. These companies must undertake qualifying R&D in the Republic of South Africa and the R&D activities must meet the definition of R&D in section 11D(1) of the ITA in order to qualify.

Limitations: 
Exclusions to the funding opportunities are described below.

Specific activities are excluded from the R&D Tax Incentive, examples are; the activities that are not within the scope of eligible R&D as defined in section 11D(1) of the ITA, post-R&D activities, and activities conducted outside the Republic of South Africa (even if funded from within the country). In addition, the following activities are ineligible, in respect of multisource pharmaceutical product and clinical trial R&D projects; phase IV clinical trials (see guideline) other than a clinical trial conducted for the purpose of developing new indications, developing new methods of administration or developing new combinations of pharmaceutical products, post-marketing research, cost-effectiveness research, any activities undertaken for the purpose of compliance with regulatory requirements, a product familiarisation programme, research carried out for statistical purposes (meta-analysis) and epidemiological research.

Fund type: 
Applicable funding type(s).
How to apply: 
How to apply for the funding opportunity.

To apply for the R&D Tax Incentive, a company must complete an application form (available on the DST website) and submit it to the DST by email at: tax@dst.gov.za.

Website: 
Follow this link to access more information regarding this funding opportunity.
Organisation sector: 
Organisations with projects/technologies in the following organisation sector(s) may qualify to receive the funding.
Technological area: 
Projects/ technologies in these technological areas may qualify to receive the funding.
Country: 
The countries in which the funding opportunity is relevant.
City: 
The city where the funding provider is based.

Pretoria

Represented organisation or individual: 
The organisation or individual providing the funding opportunity.
Reference number: 
Use this reference number to easily find the funding opportunity in future.
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