The Public Investment Corporation (PIC) and the Unemployment Insurance Fund (UIF) (an entity of the Department of Labour), through a joint venture have established the Project Development Partnership (PDP) Fund. The PDP Fund will focus on funding early stage, investable projects, opportunities or innovations in key and targeted economic sectors. These include:
- Agribusiness and Bioscience;
- Mining and Beneficiation;
- Energy and Related sectors;
- Information Communication Technologies;
- Social Infrastructure;
- Water and Waste; and
- Financial and Related services.
A strong focus of the fund will be to drive woman and youth-led entrepreneurs. The PDP Fund, an Impact Investing Fund, seeks to invest directly into the economy to contribute to South Africa’s socio-economic objectives, such as job creation, inclusive growth and transformation; whilst generating financial returns. Projects that meet the Fund mandate, whilst being innovative, aligned to the PIC sectoral strategies and contributes to alleviating socio-economic challenges, will be considered for funding.
Innovative companies that have delivered proof of concept (post idea phase), financially sustainable, solving a socio-economic challenge and having potential to grow whilst creating employment.
Minimum funding being R5 million and maximum of R100 million.
How to apply
Application forms are available here and can be sent to PDP@pic.gov.za