The Technology Innovation Agency (TIA) provides funding and support along the innovation value chain in South Africa. This includes seed funding, royalty grants, IP development funds, industry matching funds, and technology development infrastructure like technology platforms and stations. TIA also provides business support services and invests in project financing, which increased from R200 million in FY2011 to R300 million in FY2013. TIA works with government initiatives on interns and graduates and supports the innovation ecosystem. It has helped bridge the innovation chasm with several South African companies through focused funding and business support, facilitating youth innovation programs and the success of various industry projects in life sciences, advanced materials, and medical devices.