KIPP
THE APPLICATION WINDOW IS NOW OPEN.
PROMOTING THE COMMERCIALISATION OF LOCALLY DEVELOPED INNOVATIONS
Assisting local Entrepreneurs and Small to Medium Enterprises with commercialization funding, the Khoebo Innovation Promotion Programme (KIPP) fund offers capital and business support to SMME’s during the early stages of commercialization with particular emphasis on Township and Rural Entrepreneurs.
A Department of Trade Industry and Competition (DTIC) programme, managed by the Industrial Development Corporation (IDC), the objective of the Khoebo Innovation Promotion Programme (KIPP) is to enable early stage innovative SME’s to penetrate the market with their locally developed innovations resulting in a more competitive economic environment and thereby facilitating economic growth in the South African Economy.
PROGRAMME APPROACH
- Only locally developed innovations that are already fully developed and market-ready, will be considered.
- Innovative products, processes, and technologies across all sectors, that have the potential of a significant developmental impact on the SA economy will be considered.
- With a focus on grassroots innovators/innovations these locally developed innovations will be prioritized.
- The fund will provide medium to long term funding at a low cost.
- The maximum funding per transaction is currently set at R7 million.
ELIGIBILITY CRITERIA
Click here to download document
APPLY FOR FUNDING
Email a comprehensive business plan to KIPP@idc.co.za
KIPP Application Screening Form – SMEGS – Download here
GIFS Application Form – Download here
CASE STUDIES
AGRISMART
(PTY) LTD
AgriSmart (Pty) Ltd
Cannabis Cultivation LED Lights
Innovative LED technology, designed primarily for cannabis cultivation.
MOTUPA PJ ENTERPRISES
(PTY) LTD
Motupa PJ Enterprises (Pty) Ltd
Non-Electric Slow Cookers and Reusable Sanitary Pads
Heat Locker Box non-electric slow cooker represents a significant innovation in energy-efficient cooking technology.
PROSTHETICS ENGINEERING TECHNOLOGIES
Prosthetics Engineering Technologies
Silicone Prosthetics Liners
Prosthetic liner serves as a critical interface between an amputee’s residual limb and the prosthetic socket.
AFRICAN APPLIED CHEMICAL
African Applied Chemical
Effective and Safe Insect Repellent Apparel
Start-up company specialising in the manufacture of an innovative and patented polypropylene yarn designed to slowly release volatile liquid actives such as insect repellents over an extended period.
LETAGO
Letago
Indigenous Plant-Based Supplements
Complementary health supplements based on indigenous plants, supporting liver health, boosting immunity and anti-oxidant levels.
MOONSHINE
Moonshine
Preserving Animals and Saving Lives
Innovative reflective paint designed to enhance the visibility of roaming animals for motorists at night.
OTHER
SCHEMES
AFD GREEN ENERGY FUND
Aim: To provide finance to renewable energy and energy efficiency projects of smaller scale, as well as manufacturing of Green products in South Africa.
AGRI-INDUSTRIAL FUND
Aim: To develop competitive, economically viable activities in agro-processing (food and non-food) sectors by developing local and regional resources to supply domestic demand and increase international trade.
BLACK INDUSTRIALISTS & EXPORTERS CONFERENCE
In 2015, Cabinet approved the Black Industrialists Policy, which sought to increase the participation of black South Africans in the ownership and control of productive enterprises.
CREDIT LINE OFFERING TO NON-BANKING INTERMEDIARIES
Aim: To expand the funding reach to black owned SMEs and small businesses which continue to face challenges.
DSCIF
Aim: To help the struggling steel industry with an interest subsidy that offers discounts to qualifying clients.
GREEN TOURISM INCENTIVE PROGRAMME
Aim: To encourage privately-owned tourism enterprises to move towards cleaner and renewable energy sources as well as the efficient utilisation of water.
GRO-E YOUTH SCHEME
Aim: To encourage youth entrepreneurship and employment creation, thereby expanding South African production capacity.
KHOEBO INNOVATION PROMOTION PROGRAM
Aim: To offer capital and business support to SMME’s during the early stages of commercialization.
SME-CONNECT
Aim: To expand and deepen industrial development in the small industrial business segment.
SMEs AND MIDCAP COMPANIES
Aim: To assist SMEs and MIDCAP companies to access loan financing for CAPEX, medium and long term working capital.
SOCIAL EMPLOYMENT FUND
Aim: To support employment opportunities, counteracting job losses due to Covid-19, and creating an opportunity for growth and renewal.
UIF II
Aim: To contribute towards sustainable job creation and retention by supporting job creating transactions while providing concessionary funding.