IDC on the hunt for disruptive industries to invest in

The Industrial Development Corporation (IDC) is unlocking the economic potential of rising industrialists.

The IDC, the largest development finance institution inf Sub-Sharan Africa, supports entrepreneurs in manufacturing by providing business funding from R1 million upwards.

IDC's New Industries Strategic Business Unit (SBU) is looking to fund and support disruptive industries with potential to shake up the business space.

Read: Need cash to get your business off the ground? The IDC could fund your project

New Industries head Christ Fourie explains that the unit aims to nurture emerging industry value chains and enabling technologies that have the potential to make a significant impact on South Africa.

Our aim is to develop new, big, enabling, disruptive industries of the future - with high return potential.

Christ Fourie, Head of IDC's New Industries Strategic Business Unit

The New Industries SBU has identified and prioritised these six industry value chains and two enabling technologies for investment:

Industry value chains:

  • energy storage
  • fuel cells
  • gas beneficiation
  • renewal energy inputs
  • medical devices
  • natural products

Enabling technologies:

In addition, the IDC has identified two enabling technologies that stimulate new sectors withing existing industries.

  • 3D printing, nanotechnology and Fourth Industrial Revolution technology
  • additive manufacturing

We're looking for those way-out, disruptive opportunities.

Christ Fourie, Head of IDC's New Industries Strategic Business Unit

Also read: IDC calls farmers in SA's agro-processing industry to apply for funding

It's about the integration of different technologies to make businesses more competitive.

Christ Fourie, Head of IDC's New Industries Strategic Business Unit

The IDC will be focusing that and support companies wanting to improve their efficiencies.

Christ Fourie, Head of IDC's New Industries Strategic Business Unit

To learn more, visit the IDC website.

Take a listen:


Recommended

by NEWSROOM AI
Read More
Does the public trust the media? This caller doesn't

Does the public trust the media? This caller doesn't

A caller on The Eusebius Mckaiser Show discusses whether they think SA media is credible or not.

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

Is biology putting the brakes on your sexuality? Callers share their experiences of sex and growing older.

'Some weed plants with high levels of chemicals have been linked to psychosis'

'Some weed plants with high levels of chemicals have been linked to psychosis'

Naked Scientist, Chris Smith shares his insights on some of the risks associated with smoking marijuana.

Ramaphosa to reveal details of stimulus plan to give SA's economy urgent 'CPR'

Ramaphosa to reveal details of stimulus plan to give SA's economy urgent 'CPR'

A stimulus package is a package of economic measures put together by a government to stimulate a struggling economy.

[LISTEN] 'Boys are taught to act out, they are not taught to talk out'

[LISTEN] 'Boys are taught to act out, they are not taught to talk out'

Child protection and development specialist Luke Lamprecht talks about how to repair the lives and the souls of abused boys.

Don't blame racism on illness says Eusebius

Don't blame racism on illness says Eusebius

Eusebius McKaiser says it is not unethical for the media to accurately quote the word k***ir if it was used by someone.

Popular articles
[LISTEN] New Visa regulations could change the face of South African tourism

[LISTEN] New Visa regulations could change the face of South African tourism

Lecturer at TUT's Dept of Tourism, Unathi Henama says that the tourism sector is at the center of the economic policies in SA.

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

Is biology putting the brakes on your sexuality? Callers share their experiences of sex and growing older.

'Some weed plants with high levels of chemicals have been linked to psychosis'

'Some weed plants with high levels of chemicals have been linked to psychosis'

Naked Scientist, Chris Smith shares his insights on some of the risks associated with smoking marijuana.

DStv Premium on a downward spiral, warns tech guru

DStv Premium on a downward spiral, warns tech guru

DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, tech expert Arthur Goldstuck.

17-year-old learner killed teacher for not allowing him to jump the food queue

17-year-old learner killed teacher for not allowing him to jump the food queue

Spokesperson for Education department says the fact that this learner is still in Grade 10 at 17 may indicate there is a problem.

Tell me what you want: Study reveals most common sexual fantasies

Tell me what you want: Study reveals most common sexual fantasies

What are your sexual fantasies? Disclosure can bring sexual freedom, but it can also have downsides. A study lists the top trends.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.