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NYDA Entrepreneurial Grant Programme

Thursday, January 30, 2014

The objective of the Grant Programme is to provide young entrepreneurs an opportunity to access both the financial and non-financial business development support to establish their survivalist businesses. The programme will focus on youth entrepreneurs who are just coming into existence and beginning to display signs of future potential but not yet fully developed.



A total of 500 South African youth owned enterprises will benefit from the grant programme starting from R1000 to R100 000, while thousands more youth will access the non-financial business support services. Young people interested in accessing the grant programme will have to commit to participate in the NYDA mentorship and voucher programme for a minimum of 2 years.

Do you have what it takes to run your own small business? Are you an individual or a group of young people wanting to start or grow your existing small business?

Then the NYDA Grant Programme is for you.




GRANT TYPES



Grants will be issued to the following:



• Individuals

Formal  and  informal   businesses   grants will  be  issued  to individuals who  are  at the promising  and start-up  phase of theirdevelopment  or development  stage.


• Co-operatives

Which are autonomous associations of persons  united  voluntarily  to meet  their common economic and social needs and aspirations through ajointly owned and democratically controlled enterprise organised  &operated on co-operative principles.


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• Community Development Facilitation Projects

The  NYDA will  also  facilitate  a  process of community development through identifying projects that will be funded through NYDA funds and/or funds sourced from partners.


The types of businesses that will be assisted through the Grant Programmeinclude but are not limited to; motor mechanics/panel beaters,electricians, plumbers, domestic appliance repair services, beauticians, hairdressers, cleaning companies, small scale recycling companies, streetvendors, car washes and others.


 If you are interested in finding out more about this programme visit the NYDA Website



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