Our role is to enhance the industrial capability of South Africa, and the rest of the continent, thereby boosting economic growth and industrial development. We do this by funding entrepreneurs starting new enterprises or supporting companies that want to extend existing operations.
We fund start-up and existing businesses up to a maximum of R1 billion. We consider debt of R1 million.
We also have a number of special schemes available, administered by our Development Funds department.
Funding can be structured in a number of ways:
the form and nature of which will relate to your specific circumstances
with international environmental standards
are expected to make some financial contribution:- The contribution of historically disadvantaged people under special circumstances may be lowered, n which case the corporation will be prepared to extend finance in excess of the owner’s contribution
the project.business must exhibit economic merit in terms of profitability and sustainability
we do not refinance fixed assets, since our aim is to expand the industrial base
we also focus on broad-based and expansionary black economic empowerment and black industrialists
The mission of the Development Funds Department is to enhance the IDC’s developmental outcomes by providing niche and innovative financial programmes to maximize the achievement of its industrial development goals.
We administer a number of special schemes, which have various concessions targeting developmental mandates including job creation, empowerment of women, youth and black industrialists, funding of innovation, and increasing competitiveness in manufacturing.
Funding provided to deserving projects/enterprises is backed up with a business support programme providing pre- and post-investment assistance based on the evaluated needs of each project/enterprise.
Aim: To encourage youth entrepreneurship and employment creation, thereby expanding South African production capacity.
Aim: To provide finance to renewable energy and energy efficiency projects of smaller scale, as well as manufacturing of Green products in South Africa.
Aim: To improve the readiness of potential applicants and thereby increase their probability for IDC consideration.
Aim: To stabilise employment and to improve overall competitiveness in the clothing, textiles, footwear, leather and leather goods manufacturing industries.
Aim: To provide funding and business support to small companies at early stages of commercialisation (not development) of innovative products, processes and technologies across all sectors.