KHOEBO INNOVATION PROMOTION PROGRAM: Applications now Open

hustlersnetworking
May 12, 2021
1 min read

About the Opportunity

PROMOTING THE COMMERCIALISATION OF LOCALLY DEVELOPED INNOVATIONS

Assisting local Entrepreneurs and Small to Medium Enterprises with commercialization funding, the Khoebo Innovation Promotion Programme (KIPP) fund offers capital and business support to SMME’s during the early stages of commercialization with particular emphasis on Township and Rural Entrepreneurs. A Department of Trade Industry and Competition (DTIC) program, managed by the Industrial Development Corporation (IDC), the objective of the Khoebo Innovation Promotion Programme (KIPP) is to enable early-stage innovative SME’s 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.

GRASSROOTS INNOVATOR FACILITATION SCHEME

Viability and Sustainability The product, process, and/or technology must be economically viable and financially sustainable.

Innovation The project should be a novel or incremental innovation AND seek to address a local/social challenge. The product or process should require little or no further development (grassroots innovators may be an exception).