Free government money to start a business in South Africa is offered through numerous initiatives and non-repayable business grants. This assistance offered by government supports economic empowerment, job creation, and the economic development of the country as a whole. Dream Team Capital can assist to develop a conforming application, to provide you with the highest chances of success, combined with the largest network of funders and grant providers in the country.
Free Government Money to Start a Business in South Africa is Offered Through:
The Agro-Processing Support Scheme (APSS)
The Agro-Processing Support Scheme (APSS) through the Department of Trade, Industry and Competition (DTIC) targets businesses in food and beverage value addition and processing, furniture manufacturing, fibre processing, feed production, and fertiliser production.
The Black Industrialists Scheme (BIS)
The grant programme of the Black Industrialists Policy that aims to unlock the industrial potential of predominantly black-owned and black-managed businesses within the South Africa economy.
The Business and Arts South Africa Supporting Grant Programme
Incentivises business sponsorship of the arts, through the provision of additional funds to a sponsored arts organisation.
The Co-operatives Incentive Scheme (CIS) – Department of Small Business Development (DSBD)
A 100% non-repayable business grant to improve the viability and competitiveness of co-operative enterprises. It assists to lower cooperatives’ cost of doing business through an incentive that supports Broad-Based Black Economic Empowerment.
The Clothing and Textile Competitiveness Improvement Programme (CIP)
This programme makes available non-repayable business grants allocated for the formation of clusters of either similar manufacturing entities or a value chain cluster, comprising e.g. manufacturers, suppliers, and retailers.
The Infrastructure Investment Programme for South Africa (IIPSA)
This programme, through the Development Bank of South Africa (DBSA), provides innovative financing, involving the blending of EU grants together with loans from participating Development Finance Institutions.
Export Marketing and Investment Assistance (EMIA)
The scheme develops export markets for South African products and services and to recruit new foreign direct investment into the country.
Pre-commercialisation Support Fund – Technology Innovation Agency (TIA)
Grant enables innovators to evaluate, demonstrate and advance the value proposition and commercial potential of their research outputs.
Tourism Transformation Fund – National Empowerment Fund (NEF)
Funding earmarked to transform the tourism sector. To qualify enterprises must provide services to tourists as its direct clients. The enterprise must be at least majority (51%) black-owned. The grant portion of the funding is capped at R5-million per successful applicant.
The National Youth Development Agency (NYDA)
The NYDA offers support for young entrepreneurs in the form of non-repayable business grants and non- financial business development support. The programme aims to enable youth entrepreneurs to establish or grow their businesses.
The Youth Pipeline Development Programme –
A part of the Industrial Development Corporation (IDC) Special Scheme business support and grant funding programme, this grant assists potential applicants to improve the readiness of their proposal.
Sector Funding – TIA
This programme works to increase the rate of commercialisation of viable intellectual property from South African technologies emanating from higher education institutions.
The Support Programme for Industrial Innovation (SPII)
This incentive provides financial assistance for the development of commercially viable products and processes. Similarly, it facilitates commercialisation of such technologies.
Seed Fund – TIA
The purpose of the fund is to increase the rate of commercialisation of viable intellectual property from South African technologies emanating from higher education institutions.
Sector Specific Assistance Scheme
This scheme compensates for costs in respect of the approved activities aimed at the development of South African emerging exporters through events. This incentive provides financial support for physical and digital events participation by qualifying emerging exporters.
The Seda Technology Programme (STP)
This programme offers non-repayable small business grants. Additionally entrepreneurs can access support services, including incubation, quality and standards and technology transfer services.
For more information on free government money to start a business in South Africa – Get in touch with DTC