[vc_row][vc_column][vc_custom_heading source=”post_title” use_theme_fonts=”yes”][vc_custom_heading text=”Small, Micro- and Medium-sized Enterprises (SMME) Development Incentives ” use_theme_fonts=”yes”][vc_column_text]This section lists all grants available to SMME’s. SMME’s are categorised by having an annual turnover of under R35m per annum. Other grants could be applicable to your company under sections so be sure to read the All Grants page. The following grants are applicable to SMME’s:
- BBSDP – Black Business Supplier Development Programme
- CIS – Co-operative Incentive Scheme
- ISP – Incubation Support Programme
- THRIP – The Technology and Human Resources for Industry Programme
BBSDP is a cost-sharing grant offered to small black-owned enterprises to assist them in improving their competitiveness and sustainability in order to become part of the mainstream economy and create employment. BBSDP provides a grant to a maximum of R1 000 000 (R800 000 maximum for tools, machinery and equipment and R200 000 maximum for eligible enterprises to improve their corporate governance, management, marketing, productivity and use of modern technology).
The Co-operative Incentive Scheme (CIS) is a 90:10 matching cash grant for registered primary co-operatives (a primary co-operative consists of five or more members who are historically disadvantaged individuals). The CIS is an incentive for co-operative enterprises in the emerging economy to acquire competitive business development services, and the maximum grant that can be offered to one co-operative entity under the scheme is R350 000.
The DTI initiated the ISP as a grant to develop incubators into successful enterprises with the potential to revitalise communities and strengthen local and national economies. The ISP encourages partnerships whereby big businesses assist SMMEs with skills transfer, enterprise development, supplier development and marketing opportunities.
THRIP is a partnership programme funded by the dti and managed by the National Research Foundation (NRF). On a cost-sharing basis within the industry, THRIP supports science, engineering and technology research collaborations focused on addressing the technology needs of participating firms and encouraging the development and mobility of research personnel and students among participating organisations.[/vc_column_text][/vc_column][/vc_row]