The Silicon Cape vision is of an ecosystem in the Western Cape of South Africa, that serves to attract and bring together local and foreign investors, the brightest technical talent, and the most promising entrepreneurs, to foster the creation and growth of world-class IP start-up companies in an environment that competes with other similar hubs around the world against the backdrop of one of the most beautiful settings and pleasant places to live, work and play on the globe.
The concept of the Silicon Cape is not owned or controlled by any single entity. It is a living community and an organic, ever-developing concept in the hearts and minds of every participant, which endeavours to catalyse the local IP entrepreneurial community. As a community member, come and be a part of the genesis of turning the Silicon Cape into reality.
The initiative aims to start a conversation -- to plant a seed and foster the concept of the Silicon Cape in people’s minds and on their lips around the world as the emerging Silicon Valley of Africa, and to create an environment and a perception of the area as a world-class location and destination that is not only capable of delivering but already is. This will in turn create real benefits for the Cape and it’s residents and stakeholders, and assist in attracting further foreign direct investment into South Africa.
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.
Nb link: http://www.engineeringnews.co.za/article/new-agency-to-stimulate-technology-to-grow-the-economy-2007-07-27