South Africa unveils plan to commercialise $1.8 billion research spending

South Africa has unveiled a new strategy to commercialise more of its R30 billion (US$1.8 billion) annual research and development spending, as the government pushes to turn research into businesses, jobs and new industries.

The Technology Innovation Agency (TIA), a government-backed innovation fund under the Department of Science, Technology and Innovation, on Tuesday launched TIA 2.0, a…