KIPP

KHOEBO

Innovation Promotion Program

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.

 

 

 

 

 

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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.

 

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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.

 

 

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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.

 

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LETAGO

Letago

 

Indigenous Plant-Based Supplements

 

Complementary health supplements based on indigenous plants, supporting liver health, boosting immunity and anti-oxidant levels.

 

 

 

 

 

 

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MOONSHINE

Moonshine

 

Preserving Animals and Saving Lives

 

Innovative reflective paint designed to enhance the visibility of roaming animals for motorists at night.

 

 

 

 

 

 

 

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OTHER

SCHEMES