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Financial Assistance

 

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The Support Programme for Industrial Innovation (SPII)
 

SPII funds projects from Technology development, technology and market validation, process/ product development and market ready.

Objective This incentive was designed to provide financial assistance for the development of commercially viable, innovative products and/or processes and facilitate commercialization of such technologies.
Beneficiaries South African private-sector enterprises. Specific provisions apply under the different schemes.
Benefits Product Process Development Scheme - Provides financial assistance to small, very small and micro-enterprises and individuals in the form of a non-repayable grant. A percentage of 'qualifying' costs incurred in the pre-competitive development activities associated with a specific Maximum of R2m grant.
Matching Scheme - A percentage of 'qualifying' costs incurred in the development activities of a specified development project. Maximum of R5m grant.
The Partnership Scheme - The levy-based grant is based on a percentage of sales over a fixed number of years. The levy percentage and repayment period are established at the time of the grant. R 10 million (minimum contribution).
Implementing Agency Department of Trade and Industry

Contact:

Enquiries
Sathiya Arumugasamy / Moshiane Maseko
Tel: +27 (12) 394 5953 / 1811
E-mail: spiienquiries@thedti.gov.za

Contact:

Applications
Mahlatsi Ndhlovu
Tel:+27 (12) 394 1255
E-mail: spiiapplications@thedti.gov.za