2023 INNOVATION SUPPORT FUND PROGRAMME

R300 000

Total Fund Size

T’s & C’s apply for disbursement

what is innovation support fund ?

The Innovation Support Fund is a prototype and testing fund developed by Innovate Durban in 2019/2020. The fund is open to all innovators, women, and the disabled. Innovate Durban has also worked on enabling the ecosystem with technical and business support and funding partners to increase your success rate to prototype and offer holistic support to your innovation.

Innovator Support Fund Program 2023

Apply today and take your groundbreaking ideas from prototype to reality!

MINIMUM REQUIREMENTS 

  • Proof of Concept: Applicants should have a well-defined proof of concept for their idea or technology
  • Minimum Viable Product (MVP): The MVP should demonstrate the potential for further development and refinement.
  • Market Analysis: Applicants should have conducted some level of market analysis to assess the viability and potential demand for their idea or technology.
  • Scalability and Impact Potential: Applicants should demonstrate the scalability and potential impact of their idea or technology.
  • Intellectual Property Protection: Having Intellectual Property Protection is an added advantage

oTHER FUNDING OPPORTUNITIES

FUNDING MAP ​

In partnership with Human Scientific and Research Council and local innovators, the Funding Map was developed to map out various funding mechanisms available to support innovators across the country. It identifies the gaps and highlights where funding exists and how innovators can access funding. It also mapped out various funding mechanisms available to support innovators across the country.