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Funding Instruments

Technology Innovation Agency   →  Funding Instruments

Funding Instruments

Pre-Approval Process

PRE-APPROVAL PROCESS

TIA has implemented the pre-investment support is a focussed programme aimed at supporting potential applicants with funding application writing to minimise nonvalue-added administration once an application has been received. The pre-investment support relies on active engagement with potential clients in the ecosystem through events such a roadshows, training sessions, mentoring programme and opportunity pitching sessions. The funding application writing seeks to eliminate unnecessary rework and needless document chasing from applicants.

With regards to Seed Fund applications the pre-investment support is conducted through the Technology Transfer Offices and the Regional Development Agencies.

Funding Application and Assessment

The applicant is required at this stage to submit a funding application via the online investment system. The funding applications are assessed against prescribed assessment criteria. Once the full application has been submitted, there will be an assessment conducted to determine whether the application has submitted all the necessary information to proceed with the full assessment.

Due Diligence

The due diligence stage involves opportunity evaluation in commercialisation, intellectual property, technical and legal. Deal structuring and project execution plan will be developed at this stage.

Approval

Approval of applications is always subject to availability of funding. Applications that preceded the full assessment stage are approved by TIA approving body.

Seed Fund

SEED FUND

The main purpose of the Fund is to enable innovators to evaluate, demonstrate and advance the value proposition and commercial potential of their research outputs. The Fund therefore contributes towards de-risking research outputs in order to increase the pipeline for TIA and other funders.

Purpose

To assist High Education Institutions and Small Micro Medium Enterprises in bridging financing requirements to translate research outputs into fundable ideas for commercialisation.

Target Market

High Education Institutions
Science Councils
Small Micro Medium Enterprises
Start-up companies

Technology Readiness Level

3 - 8

Qualifying Criteria

All project beyond basic research

USAGE OF FUND

  • Initial proof of concept
  • Prototype development
  • Sourcing of IP opinions
  • Production of market samples
  • Refining and implementing designs
  • Conducting field studies
  • Support of certification activities
  • Piloting and scale-up and techno-economic evaluation
  • Detailed primary market research
  • Business Plan Development

APPLICATION PROCESS

Technology Development fund

TECHNOLOGY DEVELOPMENT FUND

The Technology Development Fund provides funding to advance technologies from proof of concept to technology demonstration.

Purpose

To support the development of technologies from proof concept leading to product prototype and ultimately demonstration thereof in an operating environment.

Target Market

High Education Institutions
Science Councils
Small Micro Medium Enterprises
Start- up companies

Technology Readiness Level

4 - 7

Qualifying Criteria

Proof of concept established

USAGE OF FUND

  • Prototype development
  • Demonstration and pilot plants
  • Support of certification activities.
  • Piloting and techno- economic evaluation
  • Sourcing of IP opinions
  • Provision of analytical services
  • Acquisition of technical and scientific infrastructure and skills
  • Technology demonstrations
  • Plant Breeders Rights
  • (PBR) trials
  • Field testing and performance trials for veterinary and crop health and nutrition technologies

APPLICATION PROCESS

Pre-Commercialisation Support Fund

PRE-COMMERCIALISATION FUND

The Pre-Commercialisation Support Fund assists existing or potential individual entrepreneurs and Small Micro Medium Enterprises to obtain funding to support pre-commercialisation activities including the development of production/service capacity to levels that will support operational sustainability. This further include, market testing and validation of the technology in the potential customer environment, as well as bridging finance in preparation for commercialisation.

Purpose

To prepare innovators for follow-on funding through support for market testing and validation.

Target Market

High Education Institutions
Science Councils
Small Micro Medium Enterprises
Start-up companies

Technology Readiness Level

8

Qualifying Criteria

Endeavour to have an off-take agreement or third-party follow-on funding commitment

USAGE OF FUND

  • Production of market samples
  • Support of certification activities
  • Market testing and validation
  • Regulatory approval
  • Certification activities
  • PBR registration
  • Business Plan Development

APPLICATION PROCESS