It provides black entrepreneurs with a grant to a maximum of R1 million.
To apply you will need to email all your documentation, all your documents need to be in a PDF format except your application form, which needs to be in word format. To apply for the Designed to create and develop successful enterprises.
These are enterprises with the ability to revitalise communities and local economies.
In order to qualify for the Incubation Support Programme you need to be: This programme is also available to applicants who want to establish their own incubators or wan t to grow and expand existing ones.
The government created government funding to extend finances to previously disadvantaged South African’s in order to develop black economic development.
Your much needed capital investment could come from government funding opportunities.
Upon approval of the grant, if you are employed full time, you could be required to resign from employment and provide grant officer with proof of resignation.
This is a requirement so that you can focus an appropriate amount of time on your venture.
It also focuses on diverse expertise to drive growth in priority sectors and to take on higher-risk funding projects.
The IDC supports B-BBEE and actively boosts and promotes black-owned and managed business along with those with employment equity.