BUSINESS MAVERICK: State fund sows the seeds of biotech investment

The founder of Apple, Steve Jobs, made a prescient comment when he said, “The biggest innovations of the 21At that point, in 2011, the

Despite South Africa’s treasure trove of fauna and flora, supported by largely untapped indigenous knowledge, and a good science base, the country has been slow to capitalise on the opportunity that biotech presents. For many reasons. to support life science entrepreneurs and innovators in their efforts to commercialise and scale biotech startups.early-stage startup companies. It will help to develop the country’s emerging biotech ecosystem and place South Africa at the front of this new age where we will see engineered biology disrupt many of the globe’s traditional industries,” says Fichardt.

Savant, is that the SA SME Fund partnered with the government’s Technology Innovation Agency to co-invest R350-million across the three venture capital funds.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

STUART THEOBALD: Business needs help in renewing its faith in the futureProjected returns on investment can be helped by improving the environment in which businesses operate
Source: BDliveSA - 🏆 12. / 63 Read more »

BUSINESS MAVERICK: New legislation requiring secret strike ballots is the latest in South Africa’s intra-union battlesThe requirement to have a secret ballot prior to establishing a legally protected strike is now law in South Africa, generating some speculation about whether it will help temper strike intensity and quantity. But it has also, inevitably, become an issue in itself, with Cosatu breakaway unions now threatening to take the issue to the Constitutional Court, in order to get it overturned. How does this all play out?
Source: dailymaverick - 🏆 3. / 84 Read more »