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.
TIA assesses seed fund applications based on a number of criteria, including:
Innovation: The technology or product being developed should be innovative and have the potential to make a significant impact in its field.
Feasibility: The project should be technically feasible and have a clear plan for achieving its goals.
Potential for commercialization: The project should have the potential to be commercialized and generate revenue.
Impact: The project should have the potential to have a positive impact on society, the economy, or the environment.
Team: The team should be competent, experienced, and dedicated to the success of the project.
Intellectual property: The project should have appropriate intellectual property protection in place.
Financial sustainability: The project should be financially viable and have a clear plan for how it will generate revenue and become self-sustaining.