Supported by Department of Science and Technology, the Technology Innovation Agency (TIA) develops and nurtures technological innovation in order to improve economic growth in South Africa. TIA administer’s a seed fund, which the agency launched in 2013 and provides entrepreneurs and innovators with grant funding of up to R500 000 to R650 000 per project. The fund channels seed funding through technology transfer centres at universities and science centres to innovative projects as well as through small business support organisations in provinces to entrepreneurs. In 2016/17 the fund lent out R74-million to 133 projects.
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