INDUSTRIAL DEVELOPMENT CORPORATION (IDC)
The IDC was established in 1940 and is a self-financing, state-owned national development finance institution. Their primary objectives are to contribute to the generation of balanced, sustainable economic growth in Africa and to the economic empowerment of the South African population, thereby promoting the economic prosperity of all citizens.
The IDC achieves this by promoting entrepreneurship through the building of competitive industries and enterprises based on sound business principles. Supporting industrial development capacity and promoting entrepreneurship are therefore key objectives of the IDC. The IDC funds start-up and existing businesses up to a maximum of R1 billion.
The IDC also has a number of special schemes available, administered by the Development Funds Department. 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.
APPLY THROUGH FUNDING CONNECTION
At Funding Connection, we understand the complexities of the various funding agencies and the unique application criteria for each. We have assisted numerous entrepreneurs through the application process to access funds like this for business growth, and we can help you with the whole process.
If you would like to begin the application process through us, please start by filling out our free assessment.
If you do not yet have a business plan in place, we can help you create a viable and fundable business plan.
If you have already begun the process and would like to consult with us or need a business plan review, please click here to contact us.
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