Submit EOIs for Development and Commercialisation of IKS-based Innovations (South Africa)

This call is targeted at bio-based based innovations in the areas of: Health Infusions, Cosmeceuticals, Nutraceuticals and African Traditional Medicine (human and veterinary health). The said IK-based innovations must be developed from indigenous biodiversity or extracts thereof, and such development be informed, inspired, or based on IKS.

Funding Information

• Funding Limit: R1 000 000
• Funding period guideline: Maximum 12 – 18 months

Chemin will provide the following

• Infrastructure and skilled human resource support (such as scientists, technologists, process engineers, etc.)
• Technical incubation support
• Analytical support, shelf life, nutritional studies, experts in medicinal chemistry and quality control
• Bio-based product development, formulation and labelling or packaging
• Business and marketing entrepreneurship
• Mentoring and training in processing and manufacturing
• Liaise with other organisations to build and expand the network of the SMME, and
• Facilitation of the acquisition of permits and licenses for successful applicants.

Requirements

• Applying SMMEs must have South African owned company that is registered with the Companies and Intellectual Property Commission (CIPC)
• Valid tax clearance certificate or pin code
• Company Profile
• Identity Document
• Initial product, process (comprehensive technology package) and prototypes development
• Demonstration of potential or current markets (verifiable market interest) and business plan
• The applicant must demonstrate competitive know-how
• The potential for greater economic and social impact through, for example clear local manufacture and job creation opportunities
• Current company financials (if any)
• Clear description of the type of technical assistance required, prioritised in terms of commercial market requirements
• A 2% royalty fee from revenue generated per annum from the successful commercialisation of the funded project may be levied back to the fund, up to 1.5 x the funded amount
• Preference will be given to the following in underserved regions of South Africa:
  • SMMEs and Co-operatives owned and managed by women
  • Co-operatives and SMMEs owned and managed by people with disabilities
  • Co-operatives and SMMEs owned and managed by the Youth (persons under the age of 35 years in the year of application)
  • Co-operatives and SMMEs owned by previously disadvantaged people (in terms of race).

Exclusions

• Request for equipment
• Requests for infrastructure or purchase of land
• Requests for start-up costs
• Requests for operational costs (for example salaries, rent, telephone)
• Requests to establish farming enterprises of the plants (for example primary agriculture)
• Equity holding or purchase rights
• Clinical trials
• Accreditation of facilities.

For more information, visit Technology Innovation Agency (TIA).