Objective
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To develop incubators and create successful enterprises with the potential to revitalise communities and strengthen local and national economies
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Beneficiaries
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Private sector enterprises, higher educational institutions and registered science councils
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Benefits
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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.
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Implementing agency
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The Department of Trade and Industry
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Contact details
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Philisile Nkosi
Tel: (012) 394 1295
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
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