To qualify for financial support from TIA applicants must fulfil the following requirements:
- Applicants must be South African citizens or permanent residents with valid South African identity documents; OR
- Already existing juristic persons must (unless otherwise legally prohibited):
- Be registered with Companies and Intellectual Property Commission (CIPC)
- Be compliant with generally accepted corporate governance practices appropriate to the client’s legal status
- Divestment by public servant shareholders (no shareholding by public servants)
- Registered on Central Supplier Database (CSD) (unless otherwise precluded from being registered as informed by National Treasury)
- Compliant tax status
- Applicants must have the necessary contractual capacity to engage with TIA
- All primary technology development activities must be conducted within South Africa, except with the written prior authorisation from delegated officials within TIA
- For foreign-owned IP, the IP should be licensed or assigned to a local institution such as a University or Science Council or to an existing legal entity registered with CIPC
- Applicants with foreign owned IP must meet policy and legislative requirements of a minimum equity ownership by a South African entity and B-BBEE requirements as per the B-BBEE Act.
