THE INNOVATION VALUE CHAIN: Stimulating and intensifying technological innovations in the South African Seed Industry

Transcription

1 THE INNOVATION VALUE CHAIN: Stimulating and intensifying technological innovations in the South African Seed Industry

2 PRESENTATION LAYOUT: o Introduction to TIA: o Mandate o Sector Strategy o Value proposition to the industry: o TIA Product offerings. o Alignment of offerings to seed industry value chain. o Processes: o Applications. o Funding process. Date Author 2

3 Introduction to TIA

4 Mandate: TIA Act No. 26 of 2008 stimulating and intensifying technological innovation in order to improve economic growth and the quality of life of all South Africans by supporting the development and exploitation of technological innovations. the application in practice of creative new ideas, which includes inventions, discoveries and processes by which new products and services enter the market and the creation of new businesses. Date Author 4

5 POSITIONING: Innovators TIA Citizens Investors Date Author 5

6 VISION & MISSION: VISION: To be a world class innovation agency that supports and enables technological innovation to achieve socio-economic benefits for South Africa. MISSION: To support technology innovators to unlock South Africa s global competitiveness and deliver socio-economic value. Date Author 6

7 STRATEGIC OBJECTIVES: o o o o o o To support the development and demonstration of technology based products, processes and services. To support the commercialisation of technology innovations. To develop an enabling environment for technology innovation and commercialisation in South Africa. To develop an enabling internal environment for TIA to successfully execute its strategy. To facilitate the development of innovation skills to support technology innovation and commercialisation. To become a schedule 3B entity in terms of the Public Finance Management Act. Date Author 7

8 Agri-Biotech Sector Strategy

9 Agricultural Mega-trends: o Growing world population: o 9 billion (2050). o Increase production > Developing countries: agricultural land for production. o Growing wealth & urbanisation: o Switch in consumption patterns. o Alternative energy feedstock: o New commodity spike. o Climate change: o Mitigation and adaptation. Date Author 9

10 World population Need for innovation in Agriculture: Biotechnology Vast potential Adapted from BASF, Nov 2009 Crop protection & Breeding On-going potential Mechanisation Land Fertilisers Limited potential Time (years) Date Author 10

11 Strategic Technology Focus Areas: KEY TECHNOLOGY AREAS SUB-SECTORS MARKETS Breeding Technologies: o Conventional breeding. o Molecular breeding. o Genetic engineering. o Micropropagation technologies. o Reproductive technologies Plant Health & Nutrition: o Novel biological actives. o Delivery technologies. Animal Health & Nutrition: o Pharmaceutics & therapeutics. o Vaccines. o Probiotics. Crop production Livestock Production Aquaculture Food & Feeds Bioenergy Industrial Bioproducts Post Harvest Technologies: o Preservation technologies. Date o Novel agri-processing technologies. Author 11

12 Value proposition to the Seed industry

13 Value Proposition: SPECIFIC FOCUS ON AGRICULTURE Field Trials FUNDING - RISK SHARING: o Emerging technologies. o Idea to market. ACCESS TO TECHNOLOGIES & RESEARCH CAPACITY: o International consortiums. o Local university. o ARC Biotechnology Platform. o TIA Platform initiatives TIA Agri-Biotech Initiatives Company Developments Commercialisation INTERNATIONALISATION: o Business development. Research Courtesy of NC Biotech

14 Facts & Figures: Technology Focus Area Approved funding: No. of projects HEI:Companies Breeding Technologies R :7 Animal Health and Nutrition R :0 Plant Health and Nutrition R :6 Post-Harvest Technologies R :1 R :14 Date Author 14

15 Funding Processes

16 Product offerings: Funding: Idea Development Fund Technology Development Fund Industry Matching Fund Start-up/Equity Fund Non-financial Support: Business Support Technology Infrastructure Skills Development for Innovation Date Author 16

17 Example: Development of a Biotech crop DISCOVERY: Lead ID & validation in planta STAGE I: Crop transformation STAGE II: Field efficacy STAGE III: Regulatory approvals COMMERCIALISATION: Product sale Technology Development Fund Technology infrastructure investments: Platforms Industry Matching Fund Idea Development Fund Start-up/Equity Fund Date Author 17

18 Applying for funding: o Technology: o o Platform potential. IP position. Product/Tech 10 o Proof of concept. 8 o Writing the plan: o Quantum of funding. o Time horizon o Realistic milestones Strategy Intellectual property o Risk. Finance Market Team Stage I Stage II Stage III Commercialisation

19 Investment: Value creation: Deal Sourcing: Selection: Funding process: Sector strategy implementation Business development Proposals Strategic partnership Stakeholder engagements Assessment Evaluation: * IP * Financial modelling * Due Diligence * Draft term sheet Project definition Final term sheet Approval and contracting Disbursement Monitoring Investment audit IP Strategy implementation Strategic approach Monitoring of sales targets Cashflow management Investment audit Date Author 19

20 THANK YOU CONTACT DETAILS: