Technology Investment Fund

Established through the National Foundation for Development of Science and Technology (NFDST), the Technology Investment Fund operates somewhat like a “venture capital” providing sponsorship for ST&I projects which would not meet the criteria for funding normally applied by commercial/development banks. There is a need to resuscitate and inject funds in order to facilitate any reasonable contribution to the demands being made by local innovators and those looking to use ST&I as a critical tool to develop their businesses and ideas. Much of the support needed by local innovators is to access funds to expand, file patents, R&D and start-up capital. Two applications were made to TIF and both were granted support.