Savant Opens Applications for TIA Seed Fund: Fueling Tech Innovation
Savant opens applications for TIA Seed Fund, offering up to R1.2M to early-stage innovators advancing from prototype to market.
Savant has announced that the applications are open for the TIA x Savant Seed Fund.
Savant has been a TIA Seed fund implementing partner since 2017 and has facilitated funding and supported a significant number of early stage technology projects over the past 8 years.
The Pre-Seed Fund targets projects that are in the early stages of technology development such as proof of concept studies, development of prototypes and conducting market research. Its aim is to ensure that innovators reach technical feasibility of their technologies or innovations currently at a TRL3 or TRL4 stage. The allowable amount per application for this call is R800,000 including VAT, with a maximum duration of 12 – 18 months.
The Seed Fund is open to applicants who have previously completed a pre-seed funding project and are seeking follow on funding for their technology or innovation to achieve a minimum viable product ready for piloting and market testing with clear regulatory pathway and route to market. This grant is suitable for technologies or innovations that are within TRL5 and TRL6. The maximum allowable amount per application for this call is R1,200,000 including VAT, for a maximum duration of 12 – 24 months.
