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24/08/2022

Grant Application Requirements

Threshold 1(R1 000-R10 000)
ERP profile acquired from the NYDA ERP portal via erp.nyda.gov.za
Business idea must be viable and show signs of growth and sustainability
Proof that they have undergone through an entrepreneurship development program
certified copy of I'd proof of residenceCV +Qualifications personal bank statement Quotation bank confirmation letter or called cheque proof of market letters lease agreement if operation will be carried in rented premises

Threshold 2 (R10 001-R50 000
ERP profile acquired from the NYDA ERP postal via erp.nyda.gov.za client must have skills experience or qualifications to run business business Idea must be viable and show signs of growth and sustainability proof that they have undergone through an entrepreneurship development program company registration certificatetaxi clearance certificate business bank statement client must be willing to hire at least on person (Youth) certified copy I'd proof of residenceCV+ qualifications person bank statement

Threshold 3 R50 001-R100 000

ERP profile acquired from the NYDA ERP portal via erp.nyda.gov.za
projected annual revenue must not R500 000 Client must have skills experience or qualifications to run business business Idea must be viable and show signs of growth and sustainability

NYDA Iyokwentisa Konke Loku for free Uma ucedza kufundza Utokhona kuthola Voucher Ye Business Yakho Utsenge Leku Dzingeksko For Business Yakho Ucubeke Ngempilo

24/08/2022

NYDA Business Start-up Grant Application
The NYDA Grant Programme is designed to provide young entrepreneurs with an opportunity to access both financial and non- financial business development support in order to enable them to establish or grow their businesses.

The qualifying criteria includes:

• Are youth 18-35 years
• Youth with skills, experience or; with the potential skill, appropriate for the enterprise that they conduct or intend to conduct.

• Are South African citizens
• Are resident in South Africa;
• Members of entities should comprise 100% south African youth citizen

Application Process/Procedure

• You must apply 3 months before you turn 35 years.
• Submission of all required documentation
• Proof of attending Business Management Training course.
• Business Pitch presentation of 10 minutes – in person or telephonically.
• Due Diligence assessment conducted by the NYDA official on the business.

How to access the NYDA Grant Programme

– Contact our Call Centre on 0800 52 52 52.
– Or visit your nearest NYDA branch.
– Application Form (Download here)

Thresholds Type of businesses Grant amount ranges

Threshold 1 Idea generation and survivalist (start-ups) R1,000 – R10,000

Threshold 2 Start-ups PTY and cooperatives R10,001 – R50,000

Threshold 3 Growth stage PTY and cooperatives R50,001 – R100,000

Threshold 4 Expansion stage PTY and cooperatives R100,001 – R200,000*

*for agriculture and technology related projects the maximum threshold is R250,000.00

N.B: Threshold submissions requirements applie

24/08/2022

NYDA Funding Requirements:

· Certified copies of all applicants’ identity documents
· Curriculum Vitae (Applicant) along with proof of qualifications
· Personal bank statements (all members) – (Latest 3 months)
· Proof of business registration
· Valid Tax Clearance Certificate
· Proof of business physical address – F**A conditions
· Proof of business banking details – *official stamp of bank required no older than 3 months* & Business bank statements (6 months)
· Copy of management accounts (business records) NA
· List of clients / references and contact details / letters of intent & Quotations relevant to grant application (purchases e.g. stock, equipment, etc.)
· Proof of supplier(s) banking details – *official bank stamp required no older than 3 months*
· Proof of attendance of an entrepreneurship development Programme
· Any other document that may be required or supportive of the application

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