Nzimande announces help for technology innovators
Higher Education, Science and Technology Minister Blade Nzimande said on Tuesday his department has made progress towards setting up a fund that will ease the risk of bringing new technological innovations onto the market.
Nzimande told a media briefing in Cape Town the fund would receive R1-billion per year for five years, with the aim of making these new business ventures more attractive for investors.
"The fund is designed to largely de-risk the early stages of technology commercialisation and/or business development. An injection of R1-billion per year for five years is expected to make a significant impact in making these businesses more attractive to investors for significant scale-up," he said.
Nzimande said the past decade has seen a significant increase in applications for intellectual property rights licences and in the number of start-ups coming out of the country's higher education institutions.
He said his department planned to use its budget increase for the current financial year -- up to R8.15-billion from R7.79-billion -- to support new research and the development of new industries that could serve to beneficiate raw materials exported by South Africa.
Nzimande was addressing journalists on his department's budget vote.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation