Creating New Impactful Industries

HOWWE FUND BUSINESSES IN THE
NEW INDUSTRY SECTOR

The SBU’s primary objective is to establish new globally competitive industry Value Chains that will make a meaningful contribution to economic growth in South Africa and thus facilitate future jobs-rich industrialization and the achievement of other IDC development objectives.

 

The New Industries SBU’s priority focus areas are the following:

 

  • The localisation and domestication of Clean Energy Solutions, the local adoption thereof and ultimately the export thereof. These solutions include energy storage, fuel cells and renewable inputs.
  •  The creation of 4IR technologies and business models. These technologies include but are not limited to additive manufacturing, nanotechnology, internet-of-things, robotics and artificial intelligence.
  • Establishment of the full Gas Separation value chain around Klydon Gas, a globally unique and competitive SA-developed gas separation technology for supply to local & global markets.
    • Landfill site operators
    • Any industrial operation which produces harmful CO2 emissions (e.g. Sasol)
    • International oil & gas companies

ENERGY STORAGE

Our plan is to make South Africa a global leader in energy storage – at utility scale, energy storage facilities can be used to provide power to the grid to ensure energy supply security. There is potential to provide energy solutions (in combination with renewable energy generation) in rural areas with no grid connection.

SA has mineral resources which can be beneficiated for use in energy storage solutions, providing a sustainable global competitive advantage.

FUEL CELLS

Fuel cells chemically convert energy in fuels (hydrogen or methanol)) to electricity. SA has more than 80% of the world’s Platinum Group Metal reserves. Platinum is used as a catalyst in certain types of Fuel Cells. This natural endowment therefore provides the SA Fuel Cell industry with a strong global competitive advantage.

Fuel Cells are highly efficient and eco-friendly with no to very little harmful emissions compared to a diesel generator and are ideally-suited to distributed power generation.

Fuel cells have the potential to play a critical role to ensure security of energy supply in SA.

 

GAS BENEFICATION

The SBU focusses on the development and commercialization of a globally unique technology that cleans raw natural gas and the building of the industry value chain around this technology.  We have invested in a demo plant in partnership with Klydon Gas, which has developed gas purification systems that prove the viability of the technology.

 

MEDICAL DEVICES

The IDC has a good track record of investing in various medical device innovations with global dominance. A pioneering device is the Lodox machine that is recognized as the first and only full body, high speed, digital x-ray scanner which can take a full-body X-ray image in just 13 seconds. The machine emits very low levels of harmful radiation, and plays a critical role in the initial management of trauma patients.

NATURAL PRODUCTS

We are taking advantage of the unique and rich biodiversity that exist in SA’s many plant species. We’ll be looking at the ingredients in all those plants and finding applications to pharmaceuticals, cosmetics, food additives, nutraceuticals and other related uses.

RENEWABLE ENERGY INPUTS

The SBU intends to stimulate the local manufacturing of components and systems for application in renewable energy projects as well as for the export markets. Presently, most components and the underlying technologies are imported and localization is mainly limited to assembly operations. We intend to turn the tide by localising the manufacturing of most of the valuable components and by adopting locally-developed technologies.

3D PRINTING AND NANOTECHNOLOGY

3D printing and nanotechnology are seen as enabling technologies that can be adopted across various sectors and value chains. They both present opportunities for small businesses to disrupt industries where scale and investment requirements are barriers to entry. These technologies are still at the infancy stage, thus the Unit has adopted a long-term view, collaborating with research institutions and universities to explore the possibilities of new applications/uses.

HOW TO

APPLY FOR FUNDING

Application for funding should be in writing and should include an executive summary and a business plan.

STEP 1

BUSINESS PLAN

Draw up a well-researched business plan, stating a compelling case for funding

STEP 2

REGISTER ONLINE

*Applications can also be submitted at the IDC office

STEP 3

UPLOAD APPLICATION

Upload your application with the relevant documents, certificates and business plan

STEP 4

PROCESS APPLICATION

IDC will confirm that it has received your application. While processing we may ask you to supply extra information or documentation

STEP 5

APPROVAL STATUS

IDC will give you feedback on the outcome of your application, in writing. If your application is successful, due diligence will be conducted on your business.

STEP 6

LOAN CONTRACT

Once the IDC has satisfied itself of your bona fides, you will be asked to sign a loan contract

OTHER INDUSTRY SECTORS

WE FUND

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