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

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Preview into 'Khwezi...Say my name' - the play

Preview into 'Khwezi...Say my name' - the play

Poet and playwright Napo Masheane provides insight into her play based on Redi Thlabi's book.

Ever wondered why you go for that slice of cake...even when you're full?

Ever wondered why you go for that slice of cake...even when you're full?

Chris Smith, better known as The Naked Scientist, answers this and other questions from listeners.

Ever wanted to know who funds political parties? Now you can

Ever wanted to know who funds political parties? Now you can

The Concourt rules that political parties should disclose their private funders and donors.

Koeksisters and Koesisters, what's the difference?

Koeksisters and Koesisters, what's the difference?

Food anthropologist, chef and author, Anna Trapido, explains the difference between two South African specialities.

You aren't legally entitled to an annual increase (and why your contract is key)

You aren't legally entitled to an annual increase (and why your contract is key)

Employment law litigator Joe Mothibi explains that an annual increase is not a given unless stated otherwise in the job contract.

Will making teaching an essential service prevent teachers from striking?

Will making teaching an essential service prevent teachers from striking?

Pundits discuss whether teaching should be made an essential service.

Popular articles
First-ever CT shooter gets probation thanks to ShotSpotter gunfire tech

First-ever CT shooter gets probation thanks to ShotSpotter gunfire tech

The City of Cape Town welcomes the first-ever ShotSpotter-linked conviction and sentence, handed down this month.

Damning audio of Tom Moyane instructing Sars official to fake illness emerges

Damning audio of Tom Moyane instructing Sars official to fake illness emerges

The instruction from Moyane to the official was to allegedly avoid speaking to KPMG investigators during 'rogue unit' inquiry.

Woman exposed for calling fellow aircraft passengers the K-word

Woman exposed for calling fellow aircraft passengers the K-word

Reverend Solomuzi Mabuza says he is considering laying charges against the woman for calling him a ka***r.

Why Ethiopian Airlines (not SAA) is Africa's biggest and best airline

Why Ethiopian Airlines (not SAA) is Africa's biggest and best airline

State-owned (but not managed) Ethiopian Airlines is profitable. Bruce Whitfield interviews Africa correspondent Lee Kasumba.

Willemse will take Supersport to Equality Court over walk-out findings

Willemse will take Supersport to Equality Court over walk-out findings

On Tuesday, SuperSport released the findings of an investigation by Advocate Vincent Maleka.

Career sabotage and an alleged 'sex pest' CEO - Grant Thornton's culture exposed

Career sabotage and an alleged 'sex pest' CEO - Grant Thornton's culture exposed

Former director Nerisha Singh says Grant Thornton SA sabotaged her job prospects after speaking up about sexual harassment claims.

46 women rescued in Joburg sex trafficking raid

46 women rescued in Joburg sex trafficking raid

An expert on human trafficking explains how the syndicate operates and how women are lured into dens.

Max du Preez opens up about money (and losing everything on Vrye Weekblad)

Max du Preez opens up about money (and losing everything on Vrye Weekblad)

The Money Show’s Bruce Whitfield interviews the famed and fearless journalist about his money history, hopes and beliefs.

This video doorbell lets homeowners check on the front door from their phones

This video doorbell lets homeowners check on the front door from their phones

On Technobyte this week the traditional doorbell goes hi-tech, Uber wants to fly you and Google is launching an AI lab in Ghana.