Gro–Ɛ Youth Scheme cont . The schemes, which have various concessions, have targeted developmental mandates addressing areas such as job creation, youth and women empowerment, funding of innovation, and increasing the competitiveness in manufactured goods. Application for funding should be in writing and should include an executive summary and a business plan. The IDC also has a number of special schemes available, administered by the Development Funds Department. The IDC assesses applications for funding based on (but not exclusively) job creation potential, rural development, urban renewal and poverty alleviation, the employment of women and youth, as well as skills development. The IDC Gro-E Scheme has R4.5 billion available to fund youth-empowering creative enterprises. The Industrial Development Corporation of South Africa Ltd (IDC) is a national development finance institution set up to promote economic growth and industrial development. • Youth Co-operative Development Programme • Individuals or Enterprises which require funding less than a R1000 or more than R200 000 (for agriculture and technology related projects the maximum funding value is R250,000.00). IDC funding for creative youth. The fund size of this programme is R50-million. IDC will only consider your application if funding required is above One Million Please fill in your information in the form provided. About the fund: According to Finfind, the Youth Pipeline Development Programme is an IDC Special Scheme business support and grant funding programme that assists potential applicants to improve the readiness of their proposal, and thereby increase their probability for IDC consideration. IDC’s business support programme offers non-financial support to entrepreneurs. The ⭐IDC, SEDA, NEF, and DTI⭐ funding opportunities are changing business in South Africa by giving people a chance to expand their ventures into target markets. The support is available during pre- and post-approval stages, including assistance to distressed clients. At its launch last year, Khathutshelo Ramukumba, CEO of the NYDA urged young people to apply for funding in the production sector. Should you experience any issue with this method fill free to use the contact information provided. Funding provided: • across all IDC mandated sectors; • for start-up businesses includes funding for buildings, machinery and working capital; • for existing businesses, funding for expansionary purposes; • minimum of R1 million with a maximum of R 50 million per project, excess can be accessed Are you young and creative, with a great business idea? This fund provides loans at prime less 3 per cent to businesses that operate in industries falling within the IDC’s mandate and are creating new jobs. As part of the signing ceremony of the Youth Employment Accord, the IDC has earmarked R1 billion of the Gro-E Scheme for businesses owned by young people. National Youth Development Agency (NYDA) Funding Industrial Development Corporation (IDC) The Industrial Development Corporation (IDC) – Under the IDC, there are multiple funds available offering financial support to start-up businesses needing … Financial and business support for youth enterprises. • Partial funding, co-funding or funding towards a deposit for a loan from another lending establishment; Sefa has set aside R1.7-billion for the fund, with IDC contributing the remaining R1-billion. Having read and understood how the NEF is structured to assist black entrepreneurs and businesses, the next logical step is to do a self-needs analysis to see how the … Written by Albert Pule. The goal of the NEF is to assist the black youth, men and women, communities, and businesses to be financially stable in their businesses.