Innovation Fund Summary: Design Innovation Seed Fund (DISF)
Western Cape Department of Economic Development and Tourism and the Technology Innovation Agency 2015 – 2017 (ongoing)
In DISF round one, seed funding totalling R6.5million was allocated to develop 12 innovative businesses. The funds enabled entrepreneurs to move from early stage pre-revenue innovative ideas to commercialisation and ultimately revenue generation. These businesses operate in a range of sectors from solar technology, apps and software development, to transport system analytics.
In DISF round two – currently underway – seven innovations in the Western Cape have been given a healthy boost, with grants of up to half a million Rands each from the second round of funding. They have developed cutting-edge innovations which could lead to major advancements in the region’s agri-processing, health and bio-tech, and the manufacturing sectors.
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