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I Have an Idea!

Having an idea can range from deciding how to redecorate a room to a new idea for an invention that could change the world. The Innovation Fund is committed to financing and helping the development of novel and inventive technological ideas so as to assist in the uplifting of the South African population. To patent an idea is not simple or cheap and is best undertaken with the assistance of an entity like the Innovation Fund.

Patent My Idea with the Innovation Fund

The Innovation Fund has a variety of different funding options, but mainly focuses on ideas for invention from the science and technology field that will contribute towards business growth in South Africa. Applicants for funding to help patent an idea are invited to submit novel and inventive technological ideas to the Innovation Fund.

How can the Innovation Fund Help me with My Idea for Invention?

If you have an idea which is already in the late stage of research and development and promises to produce novel and inventive technologies, applicants are most likely to qualify for Technology Advancement (TAP) funding.

Applicants who have a prototype or are ready take a novel and inventive technology idea to market should apply for help from the Seed Fund, which invests in the early commercialisation or start-up phase of activities to introduce novel and inventive South African technologies to the market.

Those looking to patent an idea can apply for a Patent Support Fund investment. The funds are to ensure that your idea is protected through filling and prosecution of a patent registration. Not only does the fund assist with the process of applying for a South African patent, but also finances the endeavour, ensuring the protection of your hard work and innovative thinking.

Find out more about the stages of IP protection and going from an idea to a patent to business success.