Established in 1940, the Industrial Development Corporation (IDC) is a national development institution whose primary objectives are to contribute to the generation of balanced, sustainable economic growth in Africa and to the economic empowerment of the South African population, thereby promoting the economic prosperity of all citizens. The IDC achieves this by promoting entrepreneurship through the building of competitive industries and enterprises based on sound business principles.
Through partnership, the IDC provides funding in support of industrial capacity development by:
- Proactively identifying and funding high-impact projects
- Leading the creation of viable new industries
- Using our diverse industry expertise to drive growth in priority sectors
- Taking up higher-risk funding in early-stage and high-impact projects
The IDC assists start-up and existing businesses with a minimum funding requirement of R1 million and a maximum of R1 billion. Funding is offered across its mandated sectors including Mining and Minerals Beneficiation and Venture Capital.
Special funding schemes are available that address transformation and entrepreneurial development (TES); topping up equity contributions from entrepreneurs (TES & RCF); and sector-specific schemes. The IDC Gro-e-Scheme provides funding for projects from R1 million to R1 billion at prime less 3% for up to five years.
The IDC’s business support programme addresses non-financial support to entrepreneurs, and providing assistance with capacity building to improve project viability.
If you have a project that can contribute to building South Africa’s industrial capacity and creating jobs, visit www.idc.co.za to find out how the IDC can help build your opportunity.