New Tech Challenge Fund to drive South African-Irish innovation partnerships
The Irish Tech Challenge South Africa seeks to drive tech innovation alongside international cooperation to support South Africa’s economic recovery.
Regarded globally as a thriving technology hub, is partnering with South Africa to support its economic recovery and competitiveness into a digital future, with the establishment of the Irish Tech Challenge South Africa. Ireland is the second-largest exporter of computer and IT services in the world and is home to nine of the top 10 US tech companies, and the top five global software companies.
The Irish Tech Challenge South Africa will be launched February, 24 (Join the launch event virtually) and aims to build networks between South African and Irish tech ecosystems. It will offer exciting South African tech businesses the chance to travel to Ireland to meet and network with Irish tech companies and to reach potential partners and customers.
Established by the Embassy of Ireland in South Africa in partnership with the Department of Science and Innovation (DSI), and the Technology Innovation Agency (TIA), the Irish Tech Challenge South Africa aims to incentivise the birth of mutually beneficial partnerships between leading Irish technology ecosystem operators and South African entrepreneurs and their businesses. In doing so, the challenge will support innovation, technology development, and technology deployment and commercialisation in South Africa.
The Irish Tech Challenge South Africa will target five majority-owned South African tech businesses that address the United Nations’ Sustainable Development Goals (‘SDGs’), for example, through climate or med-tech solutions, with a particular focus on women and young entrepreneurs from historically disadvantaged communities.
H.E. Fionnuala Gilsenan, the Ambassador of Ireland to South Africa, adds, “High-growth impact-focused tech ventures have the potential to drive meaningful innovation, economic growth, job creation and poverty alleviation in South Africa, as well as across the African continent. Through the Tech Challenge, we are seeking to leverage Ireland’s significant tech expertise and position as a global tech hub, to help South African impact-focused tech ventures scale globally and support inclusive economic growth in South Africa.”
“Governments in the global north are shifting their developmental agenda from aid, towards trade. Within this trend is the belief that technology, innovation and entrepreneurship can have a profound impact on the economic transformation of a country. TIA, through its Enterprise Development & GCIP Unit, has collaborated with the Embassy of Ireland and DSI in developing the Ireland South Africa Technology Challenge to focus on youth and women in marginalised communities in South Africa, ultimately strengthening the entrepreneurial ecosystem through best practice from Ireland,” concludes Ms Senisha Moonsamy, Head: Enterprise Development IDS&GCIP.
Interested entrepreneurs are welcome to join Thursday’s launch event virtually. Click here to register(link is external).
The virtual launch will be complimented by a live event hosted in Sandton, Johannesburg. Calls for Applications open on 24 February, and will remain open until 5 April 2022. If you are interested in being added to the database when the call launches, please email programs@impactamplifier.co.za(link sends e-mail). In the first year of the programme, the Irish Tech Challenge South Africa will provide the chosen entrepreneurs with:
1. Access to €10,000 in funding, as well as the opportunity to leverage the best of Ireland’s tech expertise and business acceleration.
2. A 10-day curated trip to Ireland later in the year, aimed at accessing global customers and partners.
3. An increase in profile leveraged by both the Irish and South African governments.
The Irish Tech Challenge South Africa intends to leverage a suite of exciting benefits, such as partnering with relevant Irish ecosystem players – given Ireland’s growing reputation as a global technological hub – by offering access to European and international markets.
Source: Government of South Africa