Company name: Industrial Development Corporation of South Africa
Contact telephone number:+27 11 269 3000
Postal address: P.O. Box 784055, Sandton, 2146
Physical address: 19 Fredman Drive, Sandown
Email address: callcentre@idc.co.za
Website address: www.idc.co.za
Company Profile
Established in 1940, we are a national development finance institution set up to promote economic growth and industrial development. We are owned by the South African government under the supervision of the Economic Development department.
Fund Overview
Under the scheme we offer financial support to start-up businesses, including funding for buildings, equipment and working capital. We also fund companies wanting to expand. The proviso here is that they must show an ability to create jobs. Businesses should also operate in sectors supported by the IDC.
These include:
- green industries, which includes renewable energy, energy efficiency, pollution mitigation, waste management and recycling, and biofuels;
- agricultural value chain, including agro-processing;
- manufacturing, focusing on advanced manufacturing; automotive, components, medium and heavy commercial vehicles manufacturing; clothing textiles, footwear and leather; forestry, paper and pulp, and furniture; metals fabrication, capital and transport equipment; pharmaceuticals; plastics and chemicals;
- mining value chain, including downstream mineral beneficiation, mining and mining technologies;
- tourism and high-level services, which includes business process services and tourism ;
- media and motion pictures, which has to do with media pictures production, the media value chain of broadcasting (radio and television), media expansion including new media, music value chain, and film production and animation; and
- the knowledge economy, to do with health care, information and communications technology and biotechnology.
Applicant criteria:
Race: Anyone in the within the wood, paper and renewable energy industry
Gender: Any gender may apply as long as they operate within the industry
Age: No restriction
Other:
- A comprehensive business plan.
- Compliance with internationalenvironmental standards.