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.
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
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
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.
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This article first appeared on CapeTalk : IDC on the hunt for disruptive industries to invest in