Incentives for specific industries
Other incentives

Objective

To develop incubators and create successful enterprises with the potential to revitalise communities and strengthen local and national economies

Beneficiaries

Private sector enterprises, higher educational institutions and registered science councils

Benefits

A grant capped at a maximum of R10 million (VAT inclusive) per financial year over a three (3) year period; subject to the availability of funds.

The grant affords cost-sharing support of 50:50 for large businesses and 40:60 for SMMEs.

After the three year period, applicants may apply for assistance for an additional three years and must comply with the guidelines of the ISP.

Implementing agency

The Department of Trade and Industry

Contact details

Philisile Nkosi

Tel: (012) 394 1295

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.