Venue: 19 Fredman Drive, Sandown, Sandton
SEEKING NEW INNOVATIVE TECHNOLOGIES!
Do you have a new disruptive product or business model? Something that will have a longer impact in South Africa and the world? The South African Innovation Summit in collaboration with the Industrial Development Corporation (IDC) are presenting a platform to unlock the economic potential of rising industrialists and to grow employment and the economy.
During a day-long MeetUp, the IDC’s New Industries Strategic Business Unit (SBU) will engage with businesses to fund and support innovative products with the potential to shake up the business space.
Funding can be structured in a number of ways including but not limited to:
- Equity & quasi equity
- Trade Finance
- Venture capital
WHO SHOULD ATTEND?
Any one with technologies in the categories listed, seeking funding to accelerate their businesses
If your company matches the criteria mentioned below, you can pre-register by completing the registration form below.
FORMAT OF THE MEETUP
During Round 1, Applicants will have the opportunity to present their product/business in 10-minute long one-on-one meetings with the IDC.
4-6 Applicants will be selected to present to the IDC team in more formal 20-minute presentations, during Round 2.
KEY FOCUS AREAS
ABOUT THE IDC
Companies offering the following solutions are invited to register:
Clean Energy Solutions
- Establishment of a new industry by achieving the localisation and domestication of clean energy solutions, the local adoption thereof and ultimately the export thereof.
- Minimum funding requirement R25m with a clear strategy of the impact the applicant will have.
- Related to, but not limited to:
- Energy Storage
- Fuel Cells
- Renewables etc.
- Interested in solutions over the FULL VALUE CHAIN.
- A vibrant and vertically integrated SA company in the natural products industry using indigenous and naturalised flora to produce differentiated food ingredients, nutraceuticals, cosmetics and pharmaceuticals
- Products involving the use of indigenous plants in pharmaceuticals, supplements and cosmetics.
- Minimum funding requirement R1m
- Interested in solutions over the FULL VALUE CHAIN.
South Africa fully exploiting the opportunities presented by the fusion of physical, digital and biological technologies, a.k.a. 4th Industrial Revolution or Industry 4.0 (“4IR”).
- The focus will be on the DISRUPTION of existing value chains and, or business models.
- Specific interest includes, but is not limited to:
- IoT & Industrial IoT
- Additive Manufacturing (Full value chain)
- Nano- and Bio-Tech.
- The IDC will also consider service solutions.
- Applications will only be considered if supported by a clear business model illustrating the disruptive nature of the business
- Minimum funding requirement R1m.
WHO WILL YOU MEET?
The IDC MeetUp Team will consist of 3-6 Industry and Project Development Managers from the IDC’s New Industries team.
IDC Team Profile
- At least 10+ years’ experience in the funding of VC deals
- 10+ years’ commercial experience (Running a business; starting a business etc.).
- Extensive Board experience
- Worked (specialized) with businesses in distress (Turnaround Management).
The Industrial Development Corporation of South Africa Limited (IDC) was established in 1940 by an Act of Parliament (Industrial Development Corporation Act, No. 22 of 1940) and is fully owned by the South African Government.
The IDC was mandated to develop domestic industrial capacity, specifically in manufactured goods, to mitigate the disruption of trade between Europe and South Africa during the Second World War.
They have contributed to the implementation of South Africa’s industrial policy for more than 70 years and established, among others, the petro-chemicals and minerals beneficiation industries. We have stimulated large industrial projects in these industries – acknowledged today as the cornerstones of the country’s manufacturing sector – and influenced the establishment of industries in fabricated metals, agriculture and clothing and textiles.
During the 1990s, their mandate was expanded to include investment in the rest of Africa. The Mozal aluminium smelter in Mozambique was the first such venture. They secured investors from around the globe to establish a major industrial enterprise in a country plagued by decades of civil war. The smelter illustrated the viability of large projects on a continent often shunned by investors. Currently, IDC’s investments in Africa include mining, agriculture, manufacturing, tourism and telecommunications.
The IDC’s funding is generated through income from loan and equity investments and exits from mature investments, as well as borrowings from commercial banks, development finance institutions (DFIs) and other lenders.
Their priorities are aligned with government’s policy direction and remain committed to developing the country’s industrial capacity, as well as playing a major role in facilitating job creation through industrialisation.
OBJECTIVES OF THE NEW INDUSTRIES SBU
The primary objective of this unit is to identify and support the most promising new and emerging industry value chains and enabling technologies.
Flowing from this objective, the purpose of this meeting is to:
- Identify and attract new, high impact industries to make an impact across the country, helping develop new business, grow existing companies, boosting local economies and providing expertise where needed.
- Prioritise industries that will have a meaningful impact on the economy
- Explore high impact sectors with a propensity to create jobs and enable the IDC to achieve maximum impact on the economy.