TIA launches R1.2bn technology innovation fund to tackle youth unemployment

The Technology Innovation Agency has launched a R1.2 billion Technology Innovation Fund, with opportunities targeted at addressing youth unemployment.

The organisation is part of the Department of Science, Technology and Innovation, and says innovation can play a pivotal role in addressing youth unemployment, economic inclusion and sustainable development.

The fund is proceeds from the agency's investment in Kapa Biosystems, which paid out following a 20-year legal battle.

SABC News Economics Reporter Katlego Legodi has the story.

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