Innovation and Technology Funding instruments
The Support Programme for Industrial Innovation (SPII)
SPII funds projects from Technology development, technology and market validation, process/ product development and market ready.
|Objective||This incentive was designed to provide financial assistance for the development of commercially viable, innovative products and/or processes and facilitate commercialization of such technologies.|
|Beneficiaries||South African private-sector enterprises. Specific provisions apply under the different schemes.|
|Benefits||Product Process Development Scheme – Provides financial assistance to small, very small and micro-enterprises and individuals in the form of a non-repayable grant. A percentage of ‘qualifying’ costs incurred in the pre-competitive development activities associated with a specific Maximum of R2m grant.
Matching Scheme – A percentage of ‘qualifying’ costs incurred in the development activities of a specified development project. Maximum of R5m grant.
|Implementing Agency||Department of Trade and Industry|
Sathiya Arumugasamy / Moshiane Maseko
Tel: +27 (12) 394 5953 / 1811
Tel:+27 (12) 394 1255