The Technology Innovation Agency (TIA) is a South African government agency that promotes and supports technology innovation in the country. TIA's seed fund is a financial support program that provides funding to help small businesses and entrepreneurs develop and commercialize innovative technologies.
To progress from TIA's seed fund to the agency's main funds and scale to market, beneficiaries of the seed fund may need to meet certain criteria and requirements. Some potential steps that beneficiaries could take to increase their chances of success include:
Developing a solid business plan: A well-written business plan can help demonstrate to TIA and other potential investors that your technology has the potential to be successful in the market.
Building a strong team: Having a team of experienced professionals with diverse skills and expertise can help you navigate the challenges of scaling your business and increase your chances of success.
Demonstrating progress and impact: As you progress through TIA's funding programs, it will be important to show that your technology is making progress and having a positive impact. This could involve demonstrating proof-of-concept, conducting market research, and building partnerships with potential customers or partners.
Seeking additional support and resources: There may be other organizations or programs that can provide additional support and resources to help your business scale, such as accelerators, incubators, or grants from other funding agencies.