Technology Innovation Agency Migration
The Technology Innovation Agency (TIA) is a new public entity that is aimed at stimulating and intensifying innovation and inventions in order to improve the economic growth as well as enhance the quality of life of all South Africans by developing and exploiting technological innovations and interventions and creating an enabling environment wherein these could be commercialized.
The TIA will be managed and controlled based on the provisions of the TIA Act, which was signed into law by President Kgalema Motlanthe in December 2008.
The DST has since established a Project Management Office in preparation for migration of the various entities to TIA. The existing entities which will be incorporated into TIA are the:
Biotechnology Regional Innovation Centres (BRICs), the Innovation Fund, AMTS, and the Tshumisano Trust.
Once it is established, the TIA will be expected to stimulate the development of technology based products and services, by the public and private sector technology based enterprises, thereby developing a significant technology base for the country’s economy.