our funder

The Innovation Fund provides grants to fund the end-stage research process where research knowledge can be translated into new and improved products, processes or services. The driving force of the initiative is to meet the following national objectives:

• Improve and sustain the quality of life of all South Africans
• Develop human resources for science and technology
• Strengthen the country's competitiveness in the international sphere and
• Economic growth

The fund invests in novel research ideas with vast potential for commercial success, and seeks technological solutions in the identified focus areas that will yield significant national benefits. The fund assists in the conversion of the research idea into a commercially useful end-product by funding items such as equipment, research and development expertise, managerial skills, securing of Intellectual Property Rights and construction of a prototype.