Hey Mzansi youth, if you’ve got a business idea or you’re already hustling but need that big break, the Industrial Development Corporation (IDC) has something major for you.
This article breaks down how IDC youth entrepreneur funding works, who qualifies, and how YOU can apply. No jargon, just the facts, simplified.
Table of Contents
What is the IDC Youth Funding?
The IDC Youth Funding Programme is a government-backed financial boost for South African youth (ages 18–35) who want to start or grow a business.
You can access between R1 million and R50 million in funding to support your hustle, whether you’re in manufacturing, farming, tech, or other industries that help grow the economy.
Who Can Apply?
You’re eligible if:
- You’re a South African citizen or permanent resident.
- You’re 35 years old or younger.
- Your business is at least 26% youth-owned.
- You’re involved in the day-to-day running of the business.
- Your idea or business creates jobs (the more jobs, the better your chances!).
Bonus tip: IDC prefers businesses that create at least 1 job for every R800,000 invested.
Types of Funding Available
There are three main ways IDC can fund your hustle:
1. Gro-E Youth Scheme
- For who? Youth with existing or startup businesses.
- How much? From R1 million to R50 million.
- Interest rate? Lower than banks (prime minus 2–3%).
2. Youth Pipeline Development Programme
- For who? Young entrepreneurs who have a solid idea but need help to get investment-ready.
- IDC will give you funding AND business support like:
- Coaching
- Mentorship
- Training
- Strategy advice
- You can get up to R500,000 in support even before the main investment kicks in.
3. IDC-NYDA-SEFA Joint Fund
- A R1 billion joint youth fund from IDC, NYDA, and SEFA.
- Combines money + mentorship + support tools.
- Great for those who want full-circle help, not just cash.
Requirement
To apply, get these ready:
- A solid business plan
- Proof that your business is youth-owned (like share certificates or CIPC documents)
- Cash flow and financial projections
- Your CV and ID
- A plan that shows how many jobs you’ll create
- IDC also checks your business potential, so make sure your numbers make sense!
How to Apply
You can start your journey here:
- Visit: www.idc.co.za
- Email: callcentre@idc.co.za
- Call: 0860 693 888
- Look for “Special Schemes” under Funding Solutions, that’s where youth support lives.
If you’re dreaming of launching your brand, growing your farm, or taking your hustle to the next level, this is your moment. The IDC isn’t just offering money. They’re offering a real shot at success.