SEED FUND
Overview
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 Technology Innovation Agency and other funders. The fund assists High Education Institutions and Small Micro Medium Enterprises in bridging financing requirements to translate research outputs into fundable ideas for commercialisation.
Application
A close call issued by Offices of Technology Transfer (OTT) or Regional Development Agencies (RDA).
Full description
Target
- High Education Institutions
- Science Councils
- Small Micro Medium Enterprises
- Start-up companies
Technology Readiness Level
TRL 3 - 8
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
Industry
Website
https://www.tia.org.za/funding-instruments/#