World Bank funds innovation project to assist inventors in commercialisation process

News

16 June 2004 News

The World Bank has invested $400 000 towards a Web-based project that is designed to accelerate the process of entrepreneurs or inventors in the ICT and electronic sectors in bringing their products to market. The project is a joint initiative between the BTI (Bodibeng Technology Incubator) and the Durban-based ISC (KwaZulu-Natal Innovation Support Centre).

Séan Achim, business development manager at the ISC, says there is an urgent need for the dissemination of information relating to the incubation process that start-up enterprises can use to assist them in their commercialisation endeavours. "Very few entrepreneurs with sound product ideas are aware that there are organisations such as the ISC and BTI who have been charged with the task of assisting in this process. We believe that if it is properly conducted we can expect a flood of innovators to knock on our doors."

Achim says that the World Bank funding will be used to establish a Web portal that will address the process. Its mission will be to try to stimulate innovators and start up enterprises to follow a 'blueprint' methodology that can guide them through the various stages of a business process.

"Most innovators do not have any marketing skills and this portal is being established to act as a catalyst that sets up the processes using best practises and existing resources," he explains.

The ISETT Seta (the Sector Education and Training Authority for the ICT industry) has approved a learnership programme for 200 programmers who are studying the equivalent of a Microsoft Certified Software Development (MCSD) diploma.

For more information contact Séan Achim, ISC, 031 273 1500.

Share this article:

Strengthening industry through strategic partnerships at KITE 2025
Specialised Exhibitions News
The KwaZulu-Natal Industrial Technology Exhibition is not just an exhibition, it is a powerhouse of industry collaboration where visitors and exhibitors gain access to authoritative insights, technical expertise, and high-impact networking opportunities.

Read more...

Solar Youth Project calls on industry to step up
News
With the second cohort completed training and the first cohort returning for their final module, host companies are urgently needed to turn the training into a long-term opportunity.

Read more...

Conlog powers SA’s future with national smart meter rollout
News
Conlog recently secured the RT29-2024 contract from National Treasury, which is seen to be a major milestone towards modernising SA’s utility infrastructure.

Read more...

Zuchongzhi-3 sets new benchmark
News
This latest superconducting quantum computing prototype features 105 qubits and 182 couplers to operate at a speed 10¹5 times faster than the most powerful supercomputer currently available.

Read more...

Automatic device attestation certificate for Panasonic
News
DigiCert recently announced it has partnered with Panasonic Industry Europe to integrate DigiCert Device Trust Manager with Panasonic’s PAN-MaX intelligent manufacturing service for seamless Matter certification of interoperable smart home devices.

Read more...

From the editor's desk: Are we really being ripped off?
Technews Publishing News
To the surprise of many customers, installing solar panels does not always eliminate their utility bill – and in some cases, the power utility may impose additional charges on solar-powered homes.

Read more...

Winner of the Advanced Electronics Challenge
Avnet Silica News
Avnet Silica has named Hydronauten winner of the Advanced Electronics Challenge for breakthrough AI-driven vibration damping technology.

Read more...

Categories

News

World Bank funds innovation project to assist inventors in commercialisation process

Further reading:

Publications by Technews