Achieve your entrepreneurship dreams with funding from the IDC
Written by Botlhale Satsha on 15th Nov 2019
With our ever-growing society and current economic status, the youth is looking in all directions for financially emancipating opportunities. According to IDC Impact Support Department head, Stuart Bartlett, for the South African youth, entrepreneurship is the most fruitful fete.
The Industrial Development Corporation’s Development Impact Support Department, headed by Stuart Bartlett, encourages and guides the youth to branch out into their starting their businesses.
The department of Impact Support marginalises people and communities into the centre of the economy employing women empowerment, youth empowerment and a black industrialist program.
Bartlett stated that today’s youth is more focused on the social impact that social enterprises have on society and in light of that, the IDC created programs such as the ‘Youth pipeline development program” to support the evolving youth.
This platform helps youth become investment-ready and guides them to any specific requirements set by funders and/or investors.
For 2019, the youth accounts for 63% of the unemployed. Just under 50% of youth have entered the entrepreneurship industry and according to Allan Gray Orbis only about 15% of running the race to the end. Which is why the IDC also has the “Gro-E Youth Scheme” which provides discounted pricing for youth-owned businesses.
Khutso Theledi spoke to Stuart Bartlett about opportunities and platforms provided by the IDC, listen to the podcast here: