To be a leading technology innovation agency that stimulates and supports technological innovation to improve the quality of life for all South Africans.
TIA’s focus is on technology development; from proof of concept to the pre commercialisation. To achieve this, TIA established the following funds: the Seed Fund, the Technology Development Fund and the Commercialisation Support Fund.
In order to deal with the effective implementation of these funds, TIA implemented pre- and post-investment processes to improve client management, turnaround times and post-approval support to existing and new technology projects within the TIA portfolio. In terms of non-financial support to its projects TIA’s Innovation Skills Development (ISD) unit continues to strengthen its support in the areas of business and entrepreneur development.
Their Vision
To be a leading technology innovation agency that stimulates and supports technological innovation to improve the quality of life for all South Africans.
To facilitate the translation of South Africa’s knowledge resource into sustainable socio-economic opportunities.
Mandate
The mandate of TIA is derived from the provisions of the Technology Innovation Act (Act 26 of 2008), which establishes TIA to promote the development and exploitation, in the public interest, of discoveries, inventions, innovations and improvements.
The object of TIA is to support the State in stimulating and intensifying technological innovation in order to improve economic growth and the quality of life of all South Africans by developing and exploiting technological innovations.
