What we Fund
TIA will provide funding for ideas developed from any sector of the economy where:
- there exists innovative technology-based ideas for either new or improved products, processes or services;
- technologies are developed from proof of concept (TRL3) to pre-commercialisation demonstration (TRL7);
- technologies require facilitation for commercialisation at (TRL8);
- inbound technologies can be further improved, developed and exploited by South Africans themselves or in collaboration with international partners. Further technology development work must be performed in South Africa and in compliance with the Intellectual Property from Publicly Financed Research and Development Act 2008 (Act no 51 of 2008);
- there is an opportunity for the promotion and development of capacity to reduce barriers to technological innovation in South Africa through the Technology Stations and Technology Platforms Programmes.
The assessment criteria for all applications will consider the following, among others:
- the innovativeness of the technology and/or envisaged product/process/service;
- the current stage of technology development;
- the planned path of innovation;
- the feasibility and viability of the technology being developed;
- the attractiveness of the product or service in the targeted market;
- the viability of the business model;
- the competence, capability and readiness of the team or entity to commercialise the opportunity;
- alignment with TIA strategy and national policy objectives;
- the availability of funds.
Use of Funds
The application of TIA funding is for the sole purpose of achieving the objectives of the project investment and in line with the Guideline on Allowable Costs [Add link to Allowable Costs Document].
Notwithstanding any legal recourse that TIA may have, funding disbursed by TIA is required to be repaid immediately in full, with interest, on discovery of fraudulent or unauthorised use of funding, fraudulent non-disclosure or any other material dishonesty on the part of the recipient, its members, shareholders, employees or other persons acting on its behalf.
Recipients of TIA funds may not encumber, assign or cede the rights, title or interest in the intellectual property without the prior written approval of TIA.
The following will be restricted from applying to TIA for financial assistance:
- Any business where trade is forbidden by law (e.g. recreational drugs or sex trade);
- Any religious organisation;
- Any political organisation;
- Any business having directors and/or shareholders who are in contravention of any provisions of the Companies Act (Act No 71 of 2008);
- Restricted suppliers and tender defaulters on National Treasury’s list;
- Any business not in good standing with the South African Revenue Service;
- Parties that have previously misused and/or defrauded TIA, and where applicable other related government departments and agencies; and
- Applicants seeking funding for co-funding where another government agency has undertaken the same project costs (double dipping).