Call for Proposals for the SmartXchange Innovation Seed Fund – May 2021

Seed Funding or Angel Investors have always been a challenge in the South African landscape. Stories are often heard of people with great ideas being frustrated by the lack of financial resources that becomes a barrier preventing their dreams becoming a reality.

 

The SmartXchange Incubator invites innovators to submit proposals for qualifying projects in Media, Information, Communication, Technology, Electronics & Arts (MICTea).

 

The SmartXchange Innovation Seed fund is focused on applied research that will lead to the creation of products, processes and/or series that can commercialize and advance the South African MICTea agenda.

 

The fund is aimed at assisting technology based SMME’s in bridging financing requirements to develop their innovative ideas into a prototype and thereafter take their innovation to market.

 

To qualify for this fund, applicants must meet the following criteria:

  • Ideally be an entrepreneur or SMME.
  • The technology or business must be at a pre-revenue stage.
  • There is a clear market need and the technology is commercially viable.
  • The technology is innovative and will result in a competitive IP position for the business.
  • Does not qualify for funding from traditional banks or other funding agencies.

Funding for pre-determined seed fund activities that are listed in the application

 

The funding for innovation projects is provided as a grant. Successful projects must demonstrate the intent to further develop or commercialize the technology.

The online applications are available on website www.smartxchange.co.za . The closing date is Monday 31st May 2021.

Application forms can be obtained from: http://www.smartxchange.co.za/seed-fund-application

Queries to be directed to Portia Hadebe via email portia@smartxchange.co.za or telephonically on 031-3701988.