Author: I4Dn3Cr@an

Entrepreneurs should be aware of the technology-transfer challenges from one country to the next, when setting up a manufacturing plant, including purchasing equipment. There is no seamless transfer even when one buys the same machinery, e.g. the environmental conditions are different and the staff...

In most start-ups, there are delays in starting operations, leading to cost over-runs. Ensure investors/shareholders can put in extra equity or acquire grant funding to cover these costs – stand-by equity or debt facilities. Also, factor in time overruns in the commissioning schedule by...

Be aware of the fluctuations of the rand exchange rate in capex purchases (e.g. buying imported equipment for production). Cost over-runs due to currency weaknesses may negatively impact the sustainability of a business. The IDC budget often includes a contingency for exchange rate fluctuations. ...

Grant funding can be used to develop prototypes. Prototypes can be developed at University facilities which often have small pilot scale equipment that mimic the characteristics of large equipment. Alternatively, negotiate with established manufacturers to utilize some of their facilities for prototype production. Prototypes...

Flexible repayment loan terms thus enabling entrepreneurs to service the debt. As a Development Finance Institution, the IDC can structure loans with moratorium periods until the business builds up sufficient cash-flow to service the debt. Grant funding or quasi equity/subordinated loans are good alternative...

IDC’s Corporate Social Investment (CSI) continued its involvement in educational and skills development projects, by supporting the refurbishment of Sisulu Primary School in Tsomo, Eastern Cape. The school officially opened its computer lab during a visit by MEC of Education, Mr. Mlungisi Mvoko. "As the...

The Development Impact Support department took part in the Youth Dialogue on “Igniting Growth and Access to Markets in Business Incubation” in Bryanston last week. The dialogue is part of President Cyril Ramaphosa’s call for all citizens to share in the responsibility to build a...

In yet another partnerships endeavour in the North West province, the IDC took part in the provincial investment conference last Thursday, which was held in the Moses Kotane municipality. Themed:  “Rebuilding the province through the promotion of trade and infrastructure investment”, the investment brought together developmental...

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