Black Industrialist Scheme (BIS)
Black Industrialists are eligible for up to R50 million in grant funding on a cost-sharing basis with the Dtic. This fund is available to majority black-owned, managed and operated manufacturers.
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Funder & Type of Funding:
- The Dtic
- Grant Fund (rebate)
Funds Available:
- Up to R50 million on a cost sharing basis
- 30% – 50% of qualifying costs
Qualifying Projects:
- Majority Black owned (51%+) manufacturers in any industry
- Includes new (start-up) projects and expansion of existing projects
Qualifying Costs:
- Plant, machinery and equipment
- Building and building improvements
- Commercial vehicles
- Business development
Requirements:
- Black ownership (as defined in the B-BBEE Codes) of 51% or more
- B-BBEE Level 1-4
- Proof of market
- Confirmation of “matched” funding – required for the portion not funded by the grant
How We Help You:
- Develop, prepare and submit applications (including bankable business plan and financial models)
- Application facilitation and management
- Claim preparation, submission, facilitation and drawdown