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Public Sector Funding

Grants to stimulate and promote investment, BEE and Employment creation in the manufacturing and tourism sectors, and to encourage geographic spread in tourism.  Grant of 15% to 30% of qualifying investment cost.  Maximum qualifying investment R200 million, maximum grant R30 million.

CONTACT

Paseka Masmula

011 394 5021

pmasemula@thedti.gov.za
Information gathered from: Entrepreneur Magazine

Managed by the IDC, the following grants are available:

  • Product Process Management Scheme: Maximum of R2 million grant
  • Matching Cheme: Maximum of R5 million grant

 

REQUIREMENTS

Specific criteria apply and an online assessment shows qualification.

www.investmentincentives.co.za and click on ‘Concept, Research and Development.

CONTACT

Lucky Tetsa

011 269 3485

luckyt@idc.co.za

Information gathered from: Entrepreneur Magazine

Industrial Development Corporation – under the Economic Development Department of National Government

THe IDC is a financially self-sustainable entity and plays a major role in entrepreneurship development.  The following sector/industry/development area specific funding options exist.

Gro-E Scheme: (Green industries: renewable energy, energy  efficiency, pollution mitigation, waste management and recycling and biofuels)

Risk Capital Facility Programme: PDI below R30million investment

Support Programme for Industrial Innovation and technology development: In the form of non repayable grant of between 50% and 85%

Transformation and Entrepreneurship Scheme: Finance for marginalised groups in start-up business, expansions or expansionary acquisitions.  This fund also embraces the:

  • Women Entrepreneurial Fund
  • People with disabilities fund
  • Equity Contribution Fund
  • Development Fund for Workers and
  • Community fund.

Green Energy Efficiency Fund: Supports the introduction of self-use renewable energy technologies

Women Entrepreneurial fund: Finance for Women-based businesses with total asset base fo up to R80 million and up to R30 million per transaction

Distressed Fund: Structured funding format: debt or equity with minimum of R1 million

Manufacturing Competitiveness Enhancement Programme: Funding for existing manufacturers to induce competitiveness and job retention.  Working capital facility of R50 million, term – up to four years, 6% interest

 

REQUIREMENTS

Each programme has very specific criteria and one should assess the set of requirements of each.

 

CONTACT DETAILS

Tel: 011 269 3000 or 086 693 888 (Make sure you quote the exact fund you would like to apply for.

Online application:  www.idc.co.za – click on to IDC Direct

More specific info on the funds:  www.idc.co.za/developmentfunds

Information gathered from: Entrepreneur Magazine

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