New fund to support university tech entrepreneurs

The Department of Science and Innovation, in partnership with theThe Higher Education Innovation Fund seeks to empower aspiring innovators and tech entrepreneurs at South African higher education institutions by stimulating the creation of a culture of entrepreneurship and innovation in the post-school education sector, with an emphasis on job creation and spin-off companies.

Says the DSI: “The HEIF will be administered through calls for proposals from interested parties with suitable programmes and expertise who will work with universities and technical and vocational education and training colleges. According to Nzimande, these challenges are more acute in TVET colleges and historically disadvantaged universities.“The HEIF will support students through general entrepreneurship, ideation and design thinking, business model development, validation, commercialisation, market access, intellectual property protection and investor readiness.”

UNDP resident representative Maxwell Gomera said the fund will foster a culture of innovation and entrepreneurship within universities, as educational institutions are a reservoir of untapped potential that could address many challenges in Africa, from health to technology.

Source: Education Headlines (educationheadlines.net)

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