The Innovation Hub to launch two biotechnology commercialisaton infrastructures to boost biotechnolo
ITWEB / 27 MARCH 2018 - 13.11 / STAFF REPORTER
The Innovation Hub, the innovation agency of the Gauteng province, will officially launch BioPark@Gauteng phase two and AgriPark on 29 March 2018, at The Innovation Hub.
The establishment of both infrastructures aligns with the Bio Economy Strategy to support job creation and skills development, whereby BioPark@Gauteng phase two leads to the commercialisation of demand-led bio-innovation, and AgriPark manages agroprocessing and the output of nutritive food sources.
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The conceptualisation and construction of the infrastructures is a collaborative effort between The Innovation Hub, eGoliBio Life Sciences, the Gauteng Department of Economic Development (GDED), the Gauteng Department of Agriculture and Rural and the Department (GDARD), and the Department of Trade and Industry's incubation support programme.
The Premier of Gauteng Province, Honourable David Makhura, once said: "...in order to grow the Gauteng City Region economy, create jobs and improve the life of Gauteng province, there is a need to develop new, modern, innovative-driven industries in the areas of hi-tech, pharmaceuticals and biotechnology sectors".
To heed this call, The Innovation Hub first launched BioPark@Gauteng phase one in 2014 with the purpose of lowering barriers encountered by entrepreneurs, by offering pre-commercial infrastructure and business development support to entrepreneurs in the pharmaceuticals and agroprocessing sectors. Since the launch of BioPark@Gauteng phase one, there has been a growing demand for business and technical support, and manufacturing services. The demand has necessitated an increase of space, thus leading into the expansion of BioPark@Gauteng.
The BioPark@Gauteng phase two facility is 1 500m2. The facility will enable existing incubated entrepreneurs to expand their businesses, and provides space that commercial companies can utlise. AgriPark will fast-track South Africa's natural resource capacity, as well as the county's objective to increase food security.
The BioPark@Gauteng phase two has an additional 316.m2 of anchor tenant manufacturing space that has been occupied by a graduate of the 2014 cohort of entrepreneurs that were incubated in phase one. Portia M, a National Gazelles cosmetics company, manufactures a range of cosmetics from Marula essential oils. The AgriPark comprises a 5 000m2 hi-tech green house and 200m2 pack house, which will be operated by a developmental partner, GauFlora.
The Innovation Hub and GauFlora partnership at AgriPark intends to upsurge employment opportunities and skills development of local men and women by empowering them with agroprocessing skills. AgriPark's outputs will be sold via local and global partnerships, and in so doing, address the dwindling supply of nutritive indigenous food and everyday food products. The vision for AgriPark at The Innovation Hub is to be the navel centre for high value innovative food products and processing technologies. This will further anchor the agroprocessing/food security cluster for the bio-economy sector in Gauteng.
To RSVP before 28 March 2018, please contact Pulane Mpondo, Communications Coordinator, on (012) 844 0076/ 083 400 7586 Pmpondo@theinnovationhub.com.
The Gauteng Growth and Development Agency (GGDA) is an agency of the Gauteng Department of Economic Development (GDED). GGDA is the implementing arm of the GDED and assists the department in leading, facilitating and managing sustainable job creation and inclusive economic growth and development in the Gauteng City Region.
The Innovation Hub
The Innovation Hub, a subsidiary of the Gauteng Growth and Development Agency (GGDA), is the innovation agency of the Gauteng province and is responsible for managing Africa's first internationally accredited Science and Technology Park of the same name, and is a full member of the International Association of Science Parks (IASP). Strategically located in Tshwane, South Africa's executive capital in the 'smart' province of Gauteng, The Innovation Hub implements initiatives identified in the Gauteng Innovation Strategy and Green Economy strategy to advance the economic development and growth of the province through innovation. The Innovation Hub has created unique spaces, in Tshwane and the rest of the Gauteng province, for hi-tech entrepreneurs, world-class businesses, academics, researchers and venture capitalists to meet, network and prosper.
For more information, visit www.theinnovationhub.com.
Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER