There are a number of options available to you if you wish to start a business or to improve your business, but don’t have the finances. All of these options require you to be responsible and committed to your business if it is to succeed. Below are listed some possible avenues…
The crowdfunding portal that aims to link people who have good ideas, with people that like to see good ideas succeed!
Thundafund is South Africa’s leading online Crowdfunding Café and marketplace for creatives and innovators. Through Thundafund, entrepreneurs with their respective projects & ideas can raise capital and build a supportive crowd of backers through the process of crowdfunding. Designed for Africa by Africans. Our commitment is to South Africa and Africa and we believe that by activating our own communities we can build prosperity. .
Agribee Linkages Fund
The Fund is a closed venture capital fund that jointly invests with strategic partners in selected startup AgriBEE farming operations. The Fund nurtures and invests in rural and peri-urban farms, focusing on dormant land reform farms and/or emerging farmers and/or aspirant black farmers that own or have access to unencumbered farm land. The aim is to assist these farmers to be technically competent and become commercially viable with market access, to ensure a meaningful contribution to the mainstream agricultural economy in line with the objectives of the AgriBEE charter. The aim is to ensure that incubatees graduate to operate businesses that are fully integrated into the commercial value chain production systems to produce safe, consistently high quality agricultural products .
NexusSpace initiated our Small Business Incubation Fund to develop incubators and create successful enterprises with the potential to revitalise communities and strengthen local and national economies. In continuing to strengthen economic development through broadening participation in the economy, the Small Business Incubation Fund aims to ensure that small, micro and medium enterprises (SMMEs) graduate into the mainstream economy through the support provided by the incubators. The Small Business Incubation Fund is one of the support measures to encourage partnerships in which big business assists SMMEs with skills transfer, enterprise development, supplier development and marketing opportunities.
Comprehensive Agricultural Support Programme (CASP)
The aim of this programme is to provide postsettlement support to the targeted beneficiaries of land reform and to other producers who have acquired land through private means and are, for example, engaged in value-adding enterprises domestically or involved in export.
Incubation Support Programme
The Department of Trade and Industry (the dti) initiated the Incubation Support Programme (ISP) to develop incubators and create successful enterprises with the potential to revitalise communities and strengthen local and national economies.
In continuing to strengthen economic development through broadening participation in the economy, the ISP aims to ensure that small, micro and medium enterprises (SMMEs) graduate into the mainstream economy through the support provided by the incubators. The ISP is one of the support measures to encourage partnerships in which big business assists SMMEs with skills transfer, enterprise development, supplier development and marketing opportunities.
Micro Agricultural Financial Institutions of South Africa (MAFISA)
MAFISA provides financial services to smallholder producers in the agriculture, forestry and fisheries sector. The objective of the scheme is to address the financial services needs of smallholder producers in the sector. Services provided through the scheme include production loans, facilitation of saving mobilization and capacity building for member owned financial institutions (intermediaries).
MAFISA products and services are accessed through a range of institutions accredited by the Department of Agriculture, Forestry and Fisheries (DAFF) to serve as retail intermediaries.
SASOL Enterprise and supplier development
The development of entrepreneurs is one of the most effective ways of stimulating economic growth, transformation and the creation of jobs in our communities. We recognise that a growing small, medium and micro-sized enterprise (SMME) sector is vital for broadening economic participation and delivering on our country’s economic development objectives. Sasol’s Enterprise and Supplier Development function was established to ensure focused and integrated delivery of Sasol’s programmes aimed at contributing to the development of the SMME sector and the diversification of our supplier pool. Our approach to enterprise and supplier development is to nurture, grow and sustain SMMEs by providing technical and business development support, through mentoring and coaching. In addition we provide loan funding to our qualifying SMME suppliers through the Sasol Siyakha Enterprise and Supplier Development Fund (“Sasol Siyakha Fund”).
Technology Innovation Agency – TIA
TIA will seek out and catalyse opportunities for investment funding where there exists: Creative new technology based ideas for either new or improved products, processes or services; or Existing technology based ideas for new or improved products, processes or services that can be further improved, developed and exploited by South Africans, whether directly or in collaboration with foreigners where a win-win partnership can be forged; or Development of infrastructure and capacity that will reduce the barriers to technological innovation in South Africa; and The stage of development of the idea is beyond basic research and before production expansion; and Where there are insufficient other resources available to progress the opportunity.
Youth Technology Innovation Fund
The Youth Technology Innovation Fund (YTIF) is aimed at promoting and stimulating the culture of technology innovation and entrepreneurship amongst the youth by providing access to financial and business support resources. This funding instrument is aimed at the youth between the ages of 18 and 30 who are not already funded through other TIA funding instruments.
And here is more information about financing your business…
Financing: Starting without money
Factsheet provided by the Small Enterprise Development Agency (SEDA) on how to start a business without any money.
Borrowing money from friends or family
Factsheet provided by the Small Enterprise Development Agency (SEDA) on staring a business with money borrowed from friends or family and the potential problems this can involve.