South African companies aren’t innovating enough: why support during tough economic times matters

By Amy Kahn, Research Specialist at the Centre for Science, Technology and Innovation Indicators, Human Sciences Research Council

South Africa’s innovation fund, announced by President Cyril Ramaphosa in the 2025 state of the nation address, was a response to the country’s urgent need for inclusive and sustainable economic growth.

Evidence from South Africa shows that public financial support for innovation influences the investment that businesses make in innovation.

The fund will focus on providing venture…

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