The Minister of Small Business Development, Stella Ndabeni-Abrahams is launching the Youth Challenge Fund (YCF) during Global Entrepreneurship Week (GEW2021).

The YCF is for 15,000 qualifying entrepreneurs. It is a youth start-up support programme intended to stimulate the establishment and growth of youth-owned businesses, promote digital skills, grow the economy and foster job creation.

South Africa 2021 Youth Challenge Fund (YCF) Eligibility criteria

In line with National Youth Policy, the YCF will be providing support to youth start-up businesses/enterprises who meet the following criteria:

  • Are between the age of 18 to 35 years.
  • Registered with CIPC and be prepared to register with SARS & UIF.
  • 100% South African owned.
  • Are adequately involved in the day-to-day operation and management of the business with at least one or more of the members being full-time employee of the company, especially the majority shareholder or essential personnel/applicant.
  • Prepared to participate in Business Development Support and mentorship (pre and post).
  • Commercially viable, sustainable and feasible business idea.

Exclusions

The following transactions will NOT be considered:

  • Funding towards a debt owed by the applicant with another lending institution.
  • Activities that have already been funded by other government departments or parastatals.
  • Government and SOE officials are excluded.
  • Fall within the gambling, pyramid sales scheme, loan shark and operates illegal activities etc., as guided by credit policy and grant policies.
  • Have a record of fraud and corruption.
  • Where the owner/applicant is an un-rehabilitated insolvent.

South Africa 2021 Youth Challenge Fund (YCF) Additional information

  • Funding queries can be directed to YCF Hotline on 0860 663 7867/012 748 9600 or email: info@dsbd.gov.za/helpline@sefa.org.za
  • Upon receipt of the applications, they will be reviewed and completed applications subjected to due diligence exercises by sefa for consideration.
  • Follow-ups will be made with small enterprises whose funding applications are incomplete to submit the outstanding information.
  • Small enterprises that require non-financial support are referred to Seda for further handling.
See also  How to Apply for Chevron Downstream & Chemicals Engineering Development Program for Graduates

How to apply 

Download the application form and submit it, with all required documentation to YCF@sefa.org.za.

Note

  • Apply only if you have the desire qualification
  • We thank all applicants for their interest, however, only those candidates selected for interview will be contacted

Related Articles:

UNSW Sydney Academic Scholarships for International Students

University of New Heaven Presidential Scholarships for International Students

Shell Career Training Program in Reservoir Engineering

Tiger Brands Young Talent Opportunities for Young South Africans

International Excellence Scholarship at London Metropolitan University, UK

Maurice R. Greenberg World Fellows Program at Yale University

Burger King Mclamore Foundation Scholarship 2022/2023

Hertie School New Perspectives Scholarship for International Students

2022 Davenport University Scholarships for International Students

WAEL Oil and Gas Recruitment for Graduates and Experienced Professionals

Arco Marine and Oilfield Services Limited (AMOSL) Graduate Opportunities

UNSW Global Academic Award to Study in Australia 2022

2022/2023 Marian University International Scholarships for Study in USA

Postdoctoral Fellowship on Food Security and the Environment at Stanford University

DAAD In-Country/In-Region Programme Sub-Saharan Africa (Masters and PhD Studies) 2022 Scholarship.

Mercedes-Benz South Africa Graduate Development Programme 2022 (Paid Traineeship)

University of Toronto Fung Yiu King Memorial Scholarship

University of Copenhagen PhD Positions 2021-2022 [Paid Positions]

British Council International Collaboration Grants 2021 (£3.5m Support Grant)

Note: Pinnacle Report Is A Nigeria Online Media Platform, That Gives Information Concerning Politics, Jobs, Scholarships, Sports, Relationships, Crime, Health, Entertainment And Lots More.

For more informationkindly drop any question in the comment box below.

Please kindly share through the WHATSAPP, TWITTER, FACEBOOK and LINKEDIN buttons below, you might help someone get a job. Thanks

See also  How to Apply for International Money Fund (IMF) Economist Program 2022 for PhD Graduates

To get our Jobs Update directly to your Phone, kindly follow us on WhatsApp-https://chat.whatsapp.com/Bsw9bcxr8iI6JXhxktvcxs

Or Kindly Join our telegraph Group via this link
https://t.me/joinchat/SYOfBCxgWuAhgl0Fg

How to apply for South Africa 2021 Youth Challenge Fund (YCF)

Kindly Share

LEAVE A REPLY

Please enter your comment!
Please enter your name here