Innovation Fund Overview
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South Africa is driving innovation to attract private sector investment, create jobs, and enhance economic competitiveness. Through targeted innovation funding programmes, the fund is empowering startups and tech-enabled SMMEs to scale and succeed. Be part of this transformative movement and help shape the future of our economy. Innovative startups and tech-driven SMMEs are the backbone of economic growth and job creation. Yet, too many fail due to a lack of early-stage funding. The Innovation Fund is here to change that. Established as a pilot, the fund is designed to bridge the critical funding gap, accelerate the commercialization of locally developed intellectual property, and drive the growth of high-tech enterprises. By de-risking early-stage investments, we are building a pipeline of sustainable, high-growth startups, ensuring South African innovation competes on a global scale. |
Discover South Africa's Vision for Science, Technology and Innovation!
Attract additional private sector investments into South Africa’s innovation ecosystem and venture capital industry.
Encourage the development and commercialisation of locally developed intellectual property as well as innovative products and services.
Provide catalytic (risk) capital backing to early-stage startups and tech-enabled SMMEs.
Strengthen infrastructure and support systems for innovation and venture building, including venture studios, incubators, accelerators, hubs, etc. to ensure a robust and interconnected ecosystem.
Build the human capabilities necessary to strengthen South Africa’s innovation ecosystem.
Download the Innovation Fund report now and explore how we’re driving startup growth, innovation, and economic transformation. Get your copy today!
Innovation Fund Overview
|
South Africa is driving innovation to attract private sector investment, create jobs, and enhance economic competitiveness. Through targeted innovation funding programmes, the fund is empowering startups and tech-enabled SMMEs to scale and succeed. Be part of this transformative movement and help shape the future of our economy. Innovative startups and tech-driven SMMEs are the backbone of economic growth and job creation. Yet, too many fail due to a lack of early-stage funding. The Innovation Fund is here to change that. Established as a pilot, the fund is designed to bridge the critical funding gap, accelerate the commercialization of locally developed intellectual property, and drive the growth of high-tech enterprises. By de-risking early-stage investments, we are building a pipeline of sustainable, high-growth startups, ensuring South African innovation competes on a global scale. |
Discover South Africa's Vision for Science, Technology and Innovation!
Attract additional private sector investments into South Africa’s innovation ecosystem and venture capital industry.
Encourage the development and commercialisation of locally developed intellectual property as well as innovative products and services.
Provide catalytic (risk) capital backing to early-stage startups and tech-enabled SMMEs.
Strengthen infrastructure and support systems for innovation and venture building, including venture studios, incubators, accelerators, hubs, etc. to ensure a robust and interconnected ecosystem.
Build the human capabilities necessary to strengthen South Africa’s innovation ecosystem.
Download the Innovation Fund report now and explore how we’re driving startup growth, innovation, and economic transformation. Get your copy today!
Innovation Capital
To date (2024-2025 Financial year), the Innovation Fund has disbursed R917.2 million to its implementing partners, through 10 Venture Capital Funds. On direct funds investment model, the fund also committed to 27Four and Anza Capital through two Venture Capital Funds.
Click on each Venture Capital Fund's logo to learn more about them.
Innovation Investments
CSIR Defence and Security develops strategic technologies and capabilities for air, land, sea and cyber defence and security, and delivers integrated solutions for the private, public and civil sectors.
The CSIR has developed a multi-purpose modular pod that can be integrated with a fast jet aircraft for a variety of uses in training, test and evolution, as well as prototype payload development. The Inundu pod was designed to provide a protected environment for prototypes or unqualified payloads against the harsh airborne environment.
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CapeBio Technologies intends to develop a state-of-the-art AI platform to mine metagenomic data for novel antimicrobial peptide genes. This is a machine-learning and data-science-driven application that allows for better and novel detection of medically important genes that can be used to fight diseases such as cancer and tuberculosis.
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Floatpays is a company that partners with employers to offer their employees earned-wage access, a market-leading savings wallet and money management tools to help them better manage and enjoy their income.
The company offers a solution that allows integration with multiple payroll partners to allow access to finance simply and quickly at a low cost. It can be operated off a smartphone or USSD and has integrated a fully transactional wallet.
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CubeSpace specialises in class-leading Attitude Determination and Control Systems for small satellites. The company manufactures electromechanical components that are used on satellites globally.
Read moreInnovation Fund Open and Closed Calls
Innovation Reports
Stay informed with our latest publications, reports, success stories and insights—your gateway to understanding how innovation is shaping the future. Discover how groundbreaking technologies, impactful collaborations are transforming industries and communities.
The Innovation Fund is committed to fuelling South Africa's potential through strategic investments that drive economic growth, job creation, and global competitiveness. The fund provides innovators with access to networks and capital, empowering them to develop solutions that not only enhance quality of life but also promote environmental sustainability.
Explore our latest reports and be part of the ecosystem!