Khoebo Innovation Promotion Programme

South Africa
SMMEs
Commercialisation
Support Fund
Business Support
Early Stage

Assisting local Entrepreneurs and Small to Medium Enterprises with commercialization funding, the Khoebo Innovation Promotion Programme (KIPP) fund offers capital and business support to SMMEs during the early stages of commercialization with particular emphasis on Township and Rural Entrepreneurs.

A Department of Trade Industry and Competition (DTIC) programme, managed by the Industrial Development Corporation (IDC), the objective of the Khoebo Innovation Promotion Programme (KIPP) is to enable early-stage innovative SMEs to penetrate the market with their locally developed innovations resulting in a more competitive economic environment and thereby facilitating economic growth in the South African Economy.

PROGRAMME APPROACH

  • Only locally developed innovations that are already fully developed and market-ready, will be considered.
  • Innovative products, processes, and technologies across all sectors, that have the potential of a significant developmental impact on the SA economy will be considered.
  • With a focus on grassroots innovators/innovations these locally developed innovations will be prioritized.
  • The fund will provide medium to long-term funding at a low cost.
  • The maximum funding per transaction is currently set at R7 million.

ELIGIBILITY CRITERIA

Click here to download document

APPLY FOR FUNDING

Email a comprehensive business plan here. 

KIPP Application Screening Form – SMEGS – Download here

GIFS Application Form – Download here

Industry
Agriculture, forestry and fishing
​Mining and quarrying
​Manufacturing
​Electricity, gas, steam and air conditioning supply
Water supply; sewerage, waste management and remediation activities
​Construction
​Wholesale and retail trade; repair of motor vehicles and motorcycles
​Transportation and storage
Accommodation and food service activities
​Information and communication
Financial and insurance activities
​Real estate activities
Professional, scientific and technical activities
Administrative and support service activities
Public administration and defence; compulsory social security
​Education
Human health and social work activities
​Arts, entertainment and recreation
​Other service activities
Activities of households as employers; undifferentiated goods-and-service-producing activities of households for own use
​Activities of extraterritorial organisations and bodies, not economically active people, unemployed people etc.
Website link

www.idc.co.za