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Innovation Fund Overview

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 SMEs to scale and succeed. Be part of this transformative movement and help shape the future of our economy. 

Innovative startups and tech-driven SMEs 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.

 
Our Mandate & Policies

Discover South Africa's Vision for Science, Technology and Innovation!

 
Our Objectives
Leverage Private Capital

Attract additional private sector investments into South Africa’s innovation ecosystem and venture capital industry.

Stimulate Innovation

Encourage the development and commercialisation of locally developed intellectual property as well as innovative products and services.

Support Startups & Tech-enabled SMMEs

Provide catalytic (risk) capital backing to early-stage startups and tech-enabled SMMEs.

Build a Resilient Innovation Ecosystem

Strengthen infrastructure and support systems for innovation and venture building, including venture studios, incubators, accelerators, hubs, etc. to ensure a robust and interconnected ecosystem.

Foster Talent

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!

 
Our Partners
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Call for Applications: IWISA Community Champions

Overview of your opportunity

IWISA is calling for applications for the Community Champions competition to social entrepreneurs who are making a difference in their communities. This call is to celebrate the entrepreneurs' journey and share a story. Entrepreneurs stand a chance to win R60 000in cash with benefits that include, business training, mentorship and networking opportunities for the first prize winner worth R30 000.

Winning Prizes

Closing date
Sunday, August 31, 2025 - 12:00
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TEA Kasi Business Workshop - Kanyamazane, Mpumalanga

Join Township Entrepreneurs Alliance (TEA) at the Kasi Business Workshop in Kanyamazane, Mpumalanga. The Masterclass theme is Sustainable Business Practices. It will explore how to build resilient, future proof businesses that balance profit with purpose. Learn how to integrate sustainability into...

Event start date
Sat, 09/13/2025 - 12:00
Event end date
Sat, 09/13/2025 - 12:00
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