National Youth Development Agency (NYDA) Grant Programme

National Youth Development Agency (NYDA) Grant Programme is sponsored by National Youth Development Agency (NYDA). This program provides non-repayable grant finance for young entrepreneurs aged 18-35 in South Africa.

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54 Maxwell Drive, Woodmead, 2191 Toll Free [0800 58 58 58] | Fraud Line [0800 733 477] What is the NYDA Grant Programme?

Application Process / Procedure 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 The programme focuses on youth entrepreneurs who are at promising and new stages of enterprise development.

Young people whose business ideas qualify for the Grant Programme, depending on their individual needs, will also undergo some of the NYDA’s non- financial support services, • Business Consultancy Services • Business Management Training Programme • Youth Co-operative Development Programme The NYDA Grant Funding program excludes the following forms of funding requests: • Partial funding, co-funding or funding towards a deposit for a loan from another lending establishment; • Where an application is made by current NYDA staff members, Board Committee Members or Member of the Accounting Authority; • Fall within the gambling, gaming with a chance at making money, pyramid sales scheme, loan shark or sex industries (prostitution), and/or operates illegal activities.

• Businesses or shareholders of businesses that are still owing the NYDA • Businesses or shareholders of businesses that received NYDA SME loan • Businesses or shareholders of businesses that had their loans written • Businesses that have an annual turnover exceeding R750,000. 00 except for cooperatives whose annual turnover must not exceed R1000,000.

00 • Second hand equipment, except for industrial equipment with a minimum balance lifespan of five years; • Tobacco as a primary income generator; • Alcohol as a primary income generator; • Are investment trusts or venture capital / private equity funds; • Require finance to substitute an existing financier; • An individual or business shall not receive a cumulative grant amount above R200 000 from NYDA during their lifetime except for cooperatives (for agriculture and technology related projects the maximum cumulative value is R250,000.

00). Click here to download the NYDA Grant Programme Thresholds document. • A member of a business or cooperative enterprise who resigns from the business or cooperative can only apply for grant funding after two years from the date of resignation from the business that has been funded by the NYDA in the past from the grant programme.

• Require funding for prototyping except for cell phone application development. • Require seed capital for research and development; • Require funding for patent registration.

• Require funding to purchase exclusive business/distribution rights • Shareholders/members are natural persons who lack contractual capacity -- being of unsound mind; -- Have a record of fraud and/or corruption except for youth in conflict with the law who have been rehabilitated; -- Where the owner/applicant is an un-rehabilitated insolvent; -- Where the owner/applicant is attending high school other than tertiary • NYDA shall not provide grant funding for vehicles • The grant recipient shall not use NYDA funds to do the following: • Re-finance any existing loans; • Any material purpose not contained in the application for grant or defined during due diligence stage and detailed in the approved Terms & Conditions, unless where written approval has been granted by NYDA; • To settle overdue or outstanding South African Revenue Service liabilities, whether current on non-current.

• NYDA will not provide grant funding to a client that has benefited from another Development Finance Institution to an amount above R500,000. 00. • NYDA will not provide a grant to an applicant who has been Utilisation of the Grant Funding The grant can be utilised for the following: • To purchase movable and immovable assets.

• Working capital paid directly to the grantee. • Co-funding with legal entities only.

Grants will be granted to the following: • Community Development Facilitation Projects Service Delivery Standards • The grant applications will be processed at a branch within 30 working days • Disbursement for approved will be processed at the Head Office within • The NYDA shall conduct credit checks for all grant applications for • A grant applicant who is under debt administration shall not be Branch Grant Approval and Review Committee (BGARC) Decision • The decision of BGARC are final and binding on the applicant • The applicant cannot appeal the decision of the BGARC, however they can re-apply for grant funding Those who are eligible to apply: Are youth from 18-35 years of age Are 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 South African residents Application Process/Procedure You must apply 3 months before you turn 35 years, Submission of all required Proof of attending Business Management Training course, Business Pitch presentation of 10 minutes – in person or telephonically, conducted by the NYDA official on the business.

How to access the NYDA Grant Click here to register on the NYDA Portal Or visit your nearest NYDA Branch