The DUT SEDA Incubator is formed by a partnership between DUT and Small Enterprise Development Agency (SEDA) to establish an Innovation/Mixed Technology Incubator. The Incubator is currently in the process of being branded and subsequently launched.
The objectives of the DUT SEDA Incubator include:
- Attract start up businesses with new innovations into the incubator.
- Help the inventor establish a business process.
- Access the necessary funds to develop the product and take to market.
This project has secured four years of funding from SEDA and has already attracted a great deal of interest from the KwaZulu-Natal Provincial Government, Local Government, Innovation Fund, CSIR, Gauteng Innovation Hub, Provincial Cluster initiatives and big industries within the Province as well as banking institutions and venture capital agencies. This has all been achieved in a very short space of time.