Jobs Fund – Innovation Round Funding

Jobs Fund – Innovation Round Funding

November 26, 2015

jobsCLOSING OF CONCEPT NOTE STAGE: 1 FEBRUARY 2016 AT 15:00

The Jobs Fund has opened the next funding window for applications, focusing on innovation – specifically projects that will create jobs in an innovative manner, either on a large scale or through a systemic impact.

 

 

Key criteria against which the projects will be evaluated include (see the Jobs Fund Eligibility Criteria document below for the full set of criteria):

  • Matched funding – 1:1 cash co-funding ratio (projects must be able to contribute 50% of the project cost themselves, in cash);
  • Minimum grant size of R10m and maximum of R100m (this means a minimum total project size of R20m);
  • Compliance with administrative requirements (tax clearance certificates and annual financial statements for two years);
  • Applicant must be solvent, have been operating for more than than two years (these criteria apply specifically to the lead applicant);
  • Applicants or partners to have a track record of more than three years of technical experience in the area of interest.

The evaluation is based on a two-stage evaluation:

  • Stage 1: Concept Note – Closes 1 February 2016, 15:00
  • Stage 2: Full Business Plan

Briefing sessions were held in Port Elizabeth and East London – you can download the briefing presentation and the information on the eligibility on the following links:




Alternatively, visit the Jobs Fund website at www.jobsfund.org.za.

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