Through the National Youth Development Agency (NYDA) Grant Programme, young entrepreneurs have the opportunity to start and grow sustainable businesses.
In 2013, the NYDA changed its youth enterprise funding model from a fixed interest loan structure to a micro-finances grant provision system. This means that you will not have to pay back the funding the agency provides you with.
Content in this guide
- How Does the Fund Work?
- Who Qualifies For NYDA Funding?
- NYDA Funding Exclusions
- What Is The Grant Approval Process And How Long Is The Lead Time?
- What Documentation Do I Need To Apply For NYDA Funding?
- Contact Details for NYDA Funding
NYDA partnered with Industrial Development Corporation (IDC) and the Small Enterprise Finance Agency to assist youth-owned businesses with funding and support over a period of five years.
This R25 million grant programme offers both financial and non-financial support to qualifying young entrepreneurs between the ages of 18 and 35.
Only around 500 small to medium enterprises can expect to benefit from the financial portion of the NYDA Grant Programme per year.
These businesses will consist of individual ventures and cooperatives. Additionally, many more can benefit from non-financial business support services including branding, marketing and website development.
Here you’ll find information on how to get funding from NYDA. However, do you have what it takes to run your own small to medium size enterprise?
If you’re an individual or a group of young people who want to start or grow an existing business, then NYDA Grant Programme is the right funding for you.