Introducing Innovation Fund

The Innovation Fund Entrepreneurial Vision and Mission

The vision that inspires the team at the Innovation Fund in its work is that of a Globally competitive and prosperous South Africa with a high standard of living for all its citizens.

The mission of the Innovation Fund is founded on our belief in the inventiveness of South Africans and their ability to invent technologies and apply them to solving real life problems. We are convinced that technological innovation is a sustainable source of competitive advantage for South Africa.

The Innovation Fund's mission therefore is to: Promote the economic competitiveness of South Africa by investing in technological innovations that lead to the establishment of new enterprises and/or expansion of existing industrial sectors to the benefit of all South Africans.

Entrepreneurial Project Selection

The Innovation Fund invests in projects that rank highly on the following:

Technology and Novelty - We at the Innovation Fund seek to invest in development and commercialisation of novel technologies, where novelty implies that there is new proprietary technology or South African patent which has not existed before, has potential to provide a competitive advantage and has practical use.

Market and Commercial Case - The novel technology or potential South African patent must have a viable value proposition in a commercial or social market. This value proposition must lead to a robust business entrepreneur case. The Innovation Fund seeks multiple outcomes including financial returns, economic sustainability, value creation, export of products, Intellectual Property and sustainable positive social impacts.

Team and Plan - The project must be managed by people with the appropriate blend of skills. This could be in a form of a consortium of collaborating partners drawn from research and higher education institutions and business, or the right team within a single organisation or business. The team must be coupled with a clear, well thought out plan that shows how the desired entrepreneurial outcomes of the project can be achieved.

Contact Innovation Fund today to find out how you too can become a successful business entrepreneur.