[vc_row][vc_column][vc_custom_heading text=”Overview” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_empty_space height=”60″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_empty_space height=”20″][vc_column_text]The Royal Science and Technology Park (RSTP) is a public enterprise established in terms of the Royal Science and Technology Park Act No. 5 of 2012. The organisation is the hub for stimulating a knowledge based economy in the Kingdom of Swaziland and this is achieved by facilitating:
Research and technology transfer;
Technology “know how” and entrepreneurship;
Manufacturing of biotechnology and ICT products; and
Provision of IT based business solutions.
The business incubation service enables innovators to translate technology based concepts into market-ready products and services. In addition, it removes barriers to entrepreneurship and market access, enables start-ups to survive the most vulnerable stage of the business cycle and gives legitimacy to new businesses.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”What Do We Offer?” font_container=”tag:h2|font_size:28|text_align:left|color:%23dd3333″ google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal”][vc_empty_space height=”30″]
Facilities & Infrastructure
Business Development Services
Fund Raising Support
- It must have an innovation that can be protected.
- It must be a solution to a pain point (product should solve a problem for prospects).
- It should be required by specific customers (prospect should be willing to solve the problem and has potential to buy the product).
- It should have potential to generate recurring revenue (predictable and expected to continue in the future).
- It should have potential to be a scalable business (company with ability to grow without being hampered by the company’s structure or available resources / company that can maintain or improve profit margins while sales volume increases).
- Pioneering a truly innovative product or method (new or significant improvement of an existing one);
- Devising a new business model;
- Creating a better or cheaper version of an existing product;
- Targeting an existing product to new sets of customers.
- Low overheads at the early stage of the start-up cycle because of shared and subsidized facilities and services. This enables start-ups to direct resources to the development of the innovation and business.
- Acquisition of technical and business know-how which prevents start-ups from making mistakes that can lead to technology and business failure.
- Legitimacy by associating with and being promoted by the RSTP which leads to market access for the start-ups. Legitimacy can also attract financiers and collaborators.