Industrial Development Corporation (IDC) - Chemicals, Medical & Industrial Mineral Products

The objective of the Chemical, Medical and Industrial Mineral fund is to provide finance to stimulate the growth of the manufacturing sector (for chemical, plastics and pharmaceutical products). Expansion can be into local (South African) markets as well as African markets.

New or existing projects or businesses that have a significant developmental impact, for example, rural development, empowerment, job creation, township development and value addition, the creation of black industrialists, as well as youth ownership, are also encouraged to apply.Funding can be in the form of a loan or equity. 

• Pharmaceuticals, medicinal chemicals and botanical products.
• Glass, ceramics, concrete and stone products.
• Rubber products.
• Man-made fibres.
  
• Plastic products, including plastic recycling.
  
• Medical devices.

Eligibility criteria

• The business must be registered with CIPC.
  
• In the case of an existing business, it must have a profitable trading history.
  
• The business focus must fit into one of the focus areas listed above.