NYDA Grant Programme


Location : South Africa
Website: Visit Website

About

The NYDA Grant Programme is designed to provide young entrepreneurs with an opportunity to access both financial and non- financial business development support in order to enable them to establish or grow their businesses.

 

The qualifying criteria includes:

  • Are youth 18-35 years
  • Youth with skills, experience or; with the potential skill, appropriate for the enterprise that they conduct or intend to conduct.
  • Are South African citizens
  • Are resident in South Africa;
  • Members of entities should comprise 100% south African youth citizen
  • Operate business within the borders of South Africa.
  • Are adequately involved in the day-to-day operation and management of the business with at least one or more of the members being a fulltime employee of the business, especially the main applicant.
  • Have completed life skills training and business management training programmes or related programmes as per recommendation from client(s) assessment.
  • Have a business mentor and/or a coach approved by NYDA or must be allocated a business mentor by NYDA post application approval.
  • Have relevant qualifications or business and/or technical experience including proven entrepreneurship business experience where applicable.
  • Require the grant for a viable business idea.
  • Previous NYDA Micro Loan Clients who accessed loans up to a maximum of R50,000 with paid up accounts will be eligible to access grant funding.
  • Operate either informally or formally; generally recognized as micro enterprises (e.g. street traders, vendors, emerging enterprises);
  • Have a profit motive and are commercially viable and sustainable;
  • Individual entity must have a bank account.
  • For cooperatives, they must have or be willing to form a group of minimum 5 persons.
  • Upon approval of grant, if applicant is employed full time, he/she may be required to resign from employment and provide grant officer with proof of resignation;
  • Where the entity constitutes more than one member, this will apply to the member with highest shareholding and is operationally involved in the business.

 

Thresholds / Type of businesses / Grant amount ranges

 

Threshold 1   

Idea generation and survivalist (start-ups)   

Grant: R1,000 – R10,000


Threshold 2   

Start-ups PTY and cooperatives   

Grant: R10,001 - R50,000


Threshold 3 

Growth stage PTY and cooperatives   

Grant: R50,001 - R100,000


Threshold 4   

Expansion stage PTY and cooperatives   

Grant: R100,001 – R200,000*


*For agriculture and technology related projects the maximum threshold is R250,000.00

 

Application Process/Procedure

  • You must apply 3 months before you turn 35 years.
  • Submission of all required documentation
  • Proof of attending Business Management Training  course.
  • Business Pitch presentation of 10 minutes – in person or telephonically.
  • Due Diligence assessment conducted by the NYDA official on the business.

 

How to access the NYDA Grant Programme

Contact our Call Centre on: 0800 52 52 52 Or visit your nearest NYDA branch.

Application Form (Download here)