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Summary: 
A short description of the funding opportunity.

AIS is an incentive designed to grow and develop the automotive sector through investment in new and/or replacement models and components that will increase plant production volumes, sustain employment and/or strengthen the automotive value chain.

Keywords: 
Keywords related to the funding opportunity.
Full description: 
A detailed description of the funding opportunity.

The AIS provides for a non-taxable cash grant of 20% of the value of qualifying investment in productive assets by light motor vehicle manufactures and 25% of the value of qualifying investment in productive assets by component manufacturers and tooling companies. An additional non-taxable cash grant of between 5 to 10% may be available to projects that are found to be strategic. The project must be undertaken by a manufacturer of specified light motor vehicles that is registered with the International Trade Administration Commission (ITAC). The project in order to qualify for the additional non-taxable cash grant must (among others) spend at least 5% of the value of the investment project on Research and Development (R&D). R&D activities should be scientific and/or technological, systematic, investigative or experimental with the results unknown and must be discovered, aimed at non-obvious scientific or technological knowledge, or creating an invention or design or knowledge, conducted to produce a new or improved function, performance, reliability and quality and be innovative.

What is funded: 
A description of what is funded by this opportunity.

New or replacement models and components that will increase plant production volumes, sustain employment and/or strengthen the automotive value chain.

Project assessment criteria: 
Your project will be assessed based on the following criteria.

Projects will be evaluated on the following economic benefit requirements; investment in a new and/or replacement model, tooling, value-addition, employment creation/retention, strengthening of the automotive supply chain, empowerment, increase in plant production volumes by light motor vehicle manufacturers and increase in unit production per plant by component manufacturers.

Fund type: 
Applicable funding type(s).
How to apply: 
How to apply for the funding opportunity.

To apply visit the dti website, and locate the financial assistance tab. All information including application forms and guidelines is provided for in each of the dti funding and/or incentives.

Website: 
Follow this link to access more information regarding this funding opportunity.
Organisation sector: 
Organisations with projects/technologies in the following organisation sector(s) may qualify to receive the funding.
Technological area: 
Projects/ technologies in these technological areas may qualify to receive the funding.
Country: 
The countries in which the funding opportunity is relevant.
City: 
The city where the funding provider is based.

Pretoria

Represented organisation or individual: 
The organisation or individual providing the funding opportunity.
Reference number: 
Use this reference number to easily find the funding opportunity in future.
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