There will be a risk free capital injection of R300 000 into the best proposal submitted.

WHAT’S YOUR BIG IDEA?

There are countless South African inventions in our past - we’re looking for the innovations of tomorrow.

South Africa, with its treasure trove of mineral resources is home to nearly 80% of the world’s platinum reserves. Currently, approximately only 15% of platinum production is further manufactured in South Africa.

The unique qualities of Platinum Group Metals (PGMs) make them a vital component in many technological inventions and a part of our everyday lives. PGMs are utilised in many diverse fields from automotive, industrial, electronics, medical and even domestic.

They’re found in aircraft turbines, cell phones, computers and anti- cancer drugs to name but a few. Their catalytic properties make them a significant contributor to the environment by providing cleaner, more efficient energy.

PGMs can also be recycled. Anglo

Platinum the world's leading primary producer of platinum accounts for about 37% of newly mined production globally. We recognise that beneficiation of our mineral wealth before export has huge potential for major financial growth with many opportunities for job creation. In addition, we recognise South Africa's strengths to include technical and production expertise as well as comprehensive research and development activities.

As a company, we are fully aware of our core strengths and abilities and are fully committed to the development of PGM markets.

To stimulate PGM value added ventures, Anglo Platinum launched the PGM Development Fund, a private equity fund managed by Douglas Investments with the specific objective of providing capital for future PGM market development and beneficiation. The Fund seeks to generate market-related risk- adjusted returns as well as value beyond financial returns in the long-term local

development of PGM technologies.

The Fund focuses on partnering innovators in PGM technologies by investing in ventures at various stages of development. It seeks to invest primarily in early stage or start-up activities that demonstrate commercial viability. In order to stimulate interest for potential investment, the company initiated a “call for ideas” to tap into the intellectual genius of talented South Africans. Innovation and economic growth are integrally linked.

“We’re looking for innovative, commercially viable technology that will add value to the PGM economic chain. Michael Joseph, who heads up the competition explains,

“We are hoping that the Innovation competition will stimulate interest amongst the innovative and research community that will result in new applications for PGM’s”. The competition will be a platform for funding consideration by the PGM Development Fund.