Page 74 - KZN Top Business Portfolio eBook -2024
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INNOVATE DURBAN
VISION
We envision being a leading innovation agency that
transforms the region into a dynamic and inclusive
ecosystem.
MISSION
Innovate Durban will nurture, coordinate and facilitate
an inclusive innovation ecosystem through utilising the
fourth industrial revolution for economic growth and
job creation, with a focus on industry, spatially excluded
CEO: or marginalised persons, the public sector and SMMEs.
Aurelia Alberts
KEY PERSONNEL
Full Name of Company: Innovate Durban NPC Chairperson of the Board: Professor Deresh Ramjugernath
Nature of Business: Special purpose vehicle to support CEO: Aurelia Albert
innovators, innovation and the innovation ecosystem Programme Lead: Tendai Pasipamire
Partnership Lead: Preston Moodley
Products / Services: Innovator Support Programs and
accelerator, capacity and Skills Development, Research, CONTACT DETAILS
innovation advisory and management, Innovation Co- HEAD OFFICE
Lab with co-working space, makerspace with laser cutting Physical Address: 12 Brown Road, Point Waterfront, Durban,
and 3D printing services, venue hire KwaZulu-Natal, 4001
Date Established: 2016 E-mail: info@innovate.durban
No. of Employees: 12 Website: www.innovate.durban
Auditor: Moore Durban INNOVATION CO-LAB:
Bank: Nedbank Physical Address: Umkhumbane Entrepreneurial
B-BBEE Status: Level 1 Support Centre, 240 Harry Gwala Road, Wiggins, 4091
JOIN THE REVOLUTION society. Innovate Durban has aligned its priorities and
targets with the Sustainable Development Goals (SDGs)
Innovate Durban (RF) NPC is a registered non-profit to ensure its actions contribute to shaping a sustainable
company set up as a special purpose vehicle to support world. The following SDGs have been identified:
innovators, innovation and the innovation ecosystem GOAL 4: Ensure inclusive and equitable quality
through programmes, research, capacity building, and education and promote lifelong learning
skills development. The programmes and activities of opportunities for all
the organisation are supported through virtual and GOAL 8: Promote sustained, inclusive, and
physical platforms (Innovation Co-Lab) and events. sustainable economic growth, full and productive
employment and decent work for all
Innovate Durban was initiated and founded by GOAL 9: Building infrastructure, promote inclusive
eThekwini Municipality through the Innovate Durban and sustainable industrialization and foster
Stakeholder Forum. Members of the forum include innovation
stakeholders from academia, public sector departments, GOAL 17: Strengthen the means of implementation
Innovate Durban partners and funders, relevant and revitalise the global partnership for sustainable
business chambers and coalitions, relevant incubators development
and accelerators, funders, investors, venture capitalists, The Innovate Durban team work tirelessly to produce
and development agencies related to innovation, as well programmes and platforms that uphold the vision and
as research and technical centres or hubs. mission of developing innovation in the region. They do
The young organisation is led by a diverse and dynamic this through upholding the organisational values of:
group of people who are highly motivated and passionate Creating momentum for and driving projects and
about innovation and leveraging innovation to advance programmes in the city that innovatively tackle
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