Industrial Development Corporation (IDC) development funds
The incentives in IDC funds small scale manufacturing, market entry, market development and business growth.
Objective
Development Funds Department provides funding support to projects that have a high developmental impact and will, over time, grow our economy. The funding schemes
support the aims of the New Growth Path set out by the Economic Development Department, which emphasises growth, employment creation and equity. IDC act as a catalyst, helping
projects move beyond the informal sector into the economic mainstream, by providing funds to deserving projects. The development funds department has a hands-on approach. They
provide the expertise and knowledge to each project; they monitor the progress of the project; and gather regular reports from the investees. The department is determined to help
nurture and grow companies so that the client can maximise their potential.
Beneficiaries
The target beneficiaries are previously disadvantaged groups, including women, people with disabilities, low income worker groupings and marginalised
communities.
IDC support projects that will eventually contribute to the development of the economy through:
Job creation;
Developing small and medium enterprises;
Developing rural areas and underdeveloped provinces and regions; and
Boosting Broad-based Black Economic Empowerment and empowering people who were previously excluded from participating in the economy.
Because many of the selected projects are considered high risk, IDC ring-fence the funds they use.
Projects must show economic viability and financial sustainability; must fit into the IDC's mandated sectors; must meet the empowerment limits set by the
particular fund; and should not be less that R1-million
