About IDCOur Focus
The fund manager for Support Programme for Industrial Innovation (SPII) is Farouk Mangera. The SPII is designed to promote and assist technology development in South African industry through the provision of financial assistance for projects that develop innovative products and/or processes. The SPII is focussed specifically on the phase that begins at the conclusion of basic research (at the stage of proof of concept) and ends at the point where a pre-production prototype has been produced. The Industrial Development Corporation of South Africa Limited (IDC), on behalf of the Department of Trade and Industry (the dti), manages the programme.
Our financial products
The SPII currently consists of three schemes: the Product Process Development, Matching and Partnership Schemes.
- The Product Process Development Scheme
- The Matching Scheme
- The Partnership Scheme
Financial assistance is provided for small, very small and micro enterprises (employees <50; turnover <R13 million; assets <R5 million) in the form of a grant of between 50% and 85% of the qualifying cost incurred during the technical development stage with a maximum grant amount of half a million Rand (R500 000) per project. For enterprises with <25% black shareholding - the grant is 50%, for enterprises with>25% ≤50% women/physically challenged shareholding - the grant amount is 50% for enterprises with>25% ≤50% black shareholding or >50% women/physically challenged shareholding - the grant amount is 75%, and for enterprises with black shareholding >50% - the grant amount is 85%.
Financial assistance under the Matching Scheme is provided to SMEs (employees <200; turnover <R51 million; assets <R19 million) in the form of a grant of up to between 50% to 75% of the qualifying cost incurred during the technical development stage - up to a maximum grant amount of one and a half million Rand (R1 500 000) per project. For enterprises with <25% black shareholding - the grant is 50%, for enterprises with>25% ≤50% black shareholding or >50% women/physically challenged shareholding - the grant amount is 65%, and for enterprises with black shareholding >50% - the grant amount is 75%.
Financial assistance under the Partnership Scheme is provided in the form of a conditionally repayable grant of 50% of the qualifying cost incurred during development activity with a minimum grant amount of one and a half million Rand (R1 500 000) per project, repayable on successful commercialisation of the project. In considering support for a project under PII, there should be a clear indication of the causality (additionality) that will follow from the support.
Click here to visit the SPII website.
Who to contact
For more information on SPII, please click here to contact us, or call us on 086 069 3888 or + 27 11 269 3911. Alternatively, email us at spii@idc.co.za or our call centre at callcentre@idc.co.za
