Youth Pipeline Development programme
FUND SIZE: R50 MILLION (On-balance sheet)
Qualifying Criteria:
- Available to youth-owned businesses (irrespective of whether it qualifies for Gro-E Youth or not);
- Application must meet IDC sector and funding limits;
- Applicant can be start-up or expansion;
- Pre-BA assistance:
- Proposal must pass a readiness assessment and in-principle go-ahead from sector SBU Head;
- To bring an application to bankable stage, including detailed marketing studies, mentoring, technical assessments, sourcing and negotiating with suitable suppliers, costing of products, QS costings, EIAs etc); and
- Up to 6% of potential investment amount up to a maximum of R350 000.
- Post approval assistance:Interventions provided during pre-BA and pre-implementation stages must not take more than 6 months to be completed.
- Pre implementation – for assistance required in meeting/ clearing of CPs (must be specific and be supported by cost estimates, with clear milestones with regards to objectives and skills transfer);
- Implementation – for in depth mentoring and coaching as well as any other business support required for up to 2 years; and
- Up to 40% of the investment amount or a maximum of R1.5 million.
Instruments and Pricing:
- Loans and grants (50:50); and
- Prime; repayable after IDC’s normal debt, subordinated in terms of cash-flow and security.
For more information contact the call centre: 086 069 3888
or email: callcentre@idc.co.za
Source: www.idc.co.za
IDC (Owner)
