TIA Overview (Offerings & Funding Application Process) TIA Eastern Cape Roadshow August 18, 2016
TIA s Positioning Along the Innovation Value Chain Bridging The Innovation Chasm Valley of Death
TIA s Mandate The Technology Innovation Agency was established in terms of the Technology Innovation Agency Act, 2008 (Act No 26 of 2008) According to the Act - the overarching objective of TIA is stimulating and intensifying technological innovation in order to improve economic growth and the quality of life for all South Africans by developing and exploiting technology innovation
TIA s Value Proposition Key principles of funding philosophy Active in innovation mining and spotting Will nurture innovations and innovators Funding support primarily through Conditional Grants Return on investment takes into consideration both social and economics impacts investments have made / will make.
TIA s Objective and Role TIA s funding objective is to enable technology development to achieve social and economic returns thus contributing towards broader economic growth. TIA s role within the NSI is to build and nurture a culture of innovation by making South African institutions and industries innovation leaders rather than consumers of innovation. Connector Funder Facilitator Service provider Catalyse partnerships between SMMEs, industries, universi8es & science councils Provide risk funding and support for innovators to take ideas to market ready technologies ABract and facilitate late stage funding to commercialise market ready technologies Reduce barriers of access to expensive high- end skills and equipment
Innovative technology-based ideas for either new or improved products, processes or services Inbound technologies that can be further improved, developed and exploited by the South Africans or in collaboration with international partners (IP to be transferred to RSA partner) NB: Further technology development work must be performed in South Africa and in compliance with the Intellectual Property from Publicly Financed Research and 6 Development Act 2008 (Act No. 51 of 2008)
TIA Requirements Strong alignment with the TIA mandate (www.tia.org.za) Further technology development work must be performed in RSA and complying with the IPR-Act, 2008 Stage of technology development is beyond basic research (post-proof of concept-trl3), and pre-commercialisation (TRL7) Sustainable competitive advantage of the business e.g. suitable IP protection and strategy Envisaged technology-based product/service/process must have strong potential for sizeable and rapid market adoption Feasible business model i.e. all components in place to deliver on the value proposition to the target customer Good team composition to execute business model, i.e. relevant business & technical expertise, industry connectedness Presence of an industry commercialisation partner where relevant Potential for high socio-economic impact addresses national imperatives e.g. job creation
Expected Returns Non-financial returns - E.g. Jobs; increased taxes; improved standards of living; improved health Financial returns - TIA s primary objective is to de-risk technology development for followon funding in order to have a broader impact in the economy - Where financial returns are possible, earnings will be reinvested into funding schemes - Conditional Grants: 1-8% levy on revenue with a nominal Internal Rate of Return (IRR) of between 0-20% with claw-back possibility
TIA s Offerings: Innovation Funding and Support Programmes Risk-funding Schemes (R500k-R15m) Seed Fund Programme Technology Development Fund Pre-Commercialisation Support Fund Innovation Support Programmes (R1m-R10m) Innovation Skills Development Programme Youth Technology Innovation Programme Technology Innovation Programme Technology Station Programmes Technology Platforms Programme
Risk-funding Schemes
Risk-funding Schemes NAME OF FUND PURPOSE OF THE FUND TRL Seed Fund (SFP) To assist innovators at HEIs, Science Councils and SMMEs to advance their research outputs and ideas to establish proof of concept, develop prototypes and validate business cases. This could be used to access further funding. The fund is managed in partnership with Seed fund Programme Partners. 3-7 Technology Development Fund (TDF) CommercialisaEon Support Fund (CSF) To assist innovators to advance technologies along the innova8on value chain, from proof of concept to technology demonstration / market readiness. The fund is designed to make early stage technology development more attrac8ve and less risky to the market. To prepare innovators for follow- on funding through limited support for market tes8ng and valida8on. In this space, TIA s role is to connect technology innovators to onward business and investment opportuni8es and promo8on. 4-7 8
Innovation Support Programmes
Goals of the Support Programmes To provide thought leadership and an enabling environment for technology innovation in collaboration with other role players To enable and stimulate a culture of innovation Facilitate access to key infrastructure and expertise for technology innovation Lower the barriers for others to participate in technology innovation Strengthen and enhance business and innovation skills
TIA s Non-Financial Support
TIA s Strategic Technology Areas ICT: Internet; Broadband Infrastructure; Big Data Analytics and Visualisation Energy: Renewable Energy (Solar; Bioenergy; Energy Management; Clean Coal Technologies) Natural Resources: Technologies to improve exploration/exploitation of natural resources (Mining and Minerals; Water Resources; Environment and Waste Management) Advanced Manufacturing Technologies: Chemicals; Electronics; Lightweight Materials; Production Technologies; Technology Infrastructure (Incl. Advanced Materials; E.g. Titanium, Composites, Nanotechnology and Aerospace) Biotechnology: Health and Agriculture (Medical Devices; Pharmaceuticals; Biologics; IKS; Diagnostics; Complimentary Medicines; Plant and Animal Health and Nutrition; Post Harvest Tech.; Breeding and Reproductive Tech.)
TIA s Portfolio Overview Source: TIA Strategic Plan 2015-2020
Sector Specific Historic Investments Tech Focus Area - Approved Funding: 2010-2015 R51,2m 3.5% R160,3m 10.9% R200,2m 13.6% R147,2m 10% Agriculture Health Adv Manufacturing Mining & Minerals ICT Energy R299,2m 20.4% R611m 41.6% Source: TIA Strategic Plan 2015-2020
The Application Process
Application Process Technology Development Fund Idea 1 st Phase Approach TIA with a Statement of Interest Pre-evaluation to determine fit within TIA 2 nd Phase TIA Request a Full Application with supporting documents Full Assessment (Include a Project Definition Workshop) Approval Contracting Kick-off
Application Process TIA T/A Time = 12 Weeks (excl. Application building) 2 Weeks (TIA) 4 Weeks (Client) ApplicaEon ApplicaEon Sourcing Sourcing TIA Entry Point 2 Days (TIA) Pre- Screening 1 Weeks (TIA) Basic Assessment 3 Weeks (Client/TIA) Applica8on Building 4 Weeks (Client/TIA) Full Assessment Approval Re- submit 2 Revise 2 Re- submit 1 1 Weeks (Client) Client T/A Time = 13 Weeks (Closed call + Application building) Revise 1 1 Weeks (Client)
Thank You General Website: www.tia.org.za Application URL: http://gms.tia.org.za/funding Contact: 012 472 2701 21