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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.
Be it ENACTED by the parliament of the Republic of South Africa, the TIA will be managed and controlled based on the provisions of the Act. Currently the TIA Bill has gone through all the required parliamentary processes and it is in its final stages of approval. The Bill has been forwarded to the President of the Republic of South Africa for approval and signature. The outcome will be announced at that time.
In anticipation of the approval of the Bill into an Act by the Office of the President, the DST has 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 Tshumisano.
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.
Advanced Metals Initiative Conference
