Last Updated on January 4, 2023
The Industrial Development Corporation (IDC) of South Africa Limited was established in 1940 through an Act of Parliament (Industrial Development Corporation Act, 22 of 1940) and is fully owned by the South African Government.
IDC priorities are aligned with the national policy direction as set out in the National Development Plan (NDP), Industrial Policy Action Plan (IPAP) and industry Master Plans. Our mandate is to maximise our development impact through job-rich industrialisation, while contributing to an inclusive economy by, among others, funding black-owned and empowered companies, black industrialists, women, and youth-owned and empowered enterprises.
Simultaneously, the IDC must ensure its long-term sustainability through prudent financial and human resource management, safeguard the natural environment, and increasingly position itself as a Centre of Excellence for development finance.
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IDC Funding Programmes
IDC aims at offering financial support to businesses looking forward to acquiring capital for buildings, equipment, or even attaining working capital. The Industrial Development Corporation also supports entrepreneurs by providing them with the funds they require for their business expansion. IDC also promotes partnerships between and across industrial organizations within South Africa (SA) and even internationally.
There are different types of IDC which include development funds, the Agro-processing Competitiveness Fund, the Green Energy Efficiency Fund, the Transformation, and Entrepreneurship Scheme, and the Risk Capital Facility Programme.
The IDC aims at giving funds to individuals with potential job opportunities, funds to cater to urban renewal and poverty eradication, and funds to create employment to the women and youths. It goes to mean that any project you undertake should have economic viability and sustainability.
IDC Funding Application Form
The IDC funding application forms are available on the IDC portal, making it easy for everyone to acquire the funds.
How to Apply for IDC Funding
To apply for the IDC funds, log in to the IDC Online Funding website, click on ‘Online Funding’ and follow the stipulated prompts.
For more information, visit the IDC portal: https://www.idc.co.za/