Awards for Innovations and their Research and/or Development
The South African economy needs to continue on its road to becoming globally competitive. In large part, this is up to entrepreneurs, businesses, industry and institutions. That is why the NSTF Awards include annual awards for South African innovations, considering their impact and the research and/or development which has led to the innovations.
The NSTF appreciates that it is a ‘long walk’ through research to commercialisation of ground-breaking scientific and technological discoveries. The NSTF continues to recognise and bring the very best of such efforts to the public’s attention. South Africans should know what excellent research and/or development is being done inside the laboratories, factories and other workplaces of our country, their impact, and the inventiveness of our scientists, engineers and entrepreneurs to bring discoveries to market.
Awards for innovations and their research and/or development
Awards are made to teams or individuals from:
- Corporate organisations: This includes large companies, science councils, universities, etc, unless the unit where the research and development has been carried out fits into the SMME category
- Small, medium and micro enterprises (SMMEs): The award is for an SMME operating as a business for profit, defined as having an annual turnover of less than R100 million over the last 3 years. A company that is wholly owned by a corporate, or is a corporate-controlled company does not qualify under the SMME category.
These awards are made where it can be demonstrated that:
- Research and/or development that has led to new science which in turn has led to new engineering or medical or social concepts ie technology
- Engineering or medical or social concepts (ie technology which has been developed in South Africa and has been applied) that have led to a successful innovation. This can be either an accepted innovation in science, a project, a product, a range of products, a methodology or any other form of applied output.
The impact, value to the consumer, and importance to South Africa of the innovation will also be examined.