What You Need To Know About DTI Funding

What You Need To Know About DTI Funding


There are certain misconceptions around funding available from the Department of Trade and Industry (DTI), as well as the other non-traditional or developmental finance institutions (DFIs).

Firstly, it’s important to know that funding is available but may take upward of 12 months to obtain. Success in accessing these funds revolves around which institution and specific fund you approach, how and when you apply and whether your business, and the activities you wish to fund, fits within the funders’ mandates.

Furthermore 99% of grant funds require that:

  • Applicants apply before investing and/or
  • Applicants are rebated their investment and funds are not disbursed before the investment or expenditure and/or
  • Applicants prove they have access to matched funding.

Resource: DTI Funding

Start-Up Funds (less than 1 year of track record)

Funding for start-ups usually requires the business owner or team to have experience in the field, have a secured market and may require corporate or institutional partners.

The below funds are applicable to start-up businesses:

Related: Small Business Funding In South Africa

Existing & Established Businesses

Typically, existing and established businesses have at least 1 to 2 years of track record (including up to date financials and tax clearance certificates) and the eligibility varies between the funds.

The below funds are applicable to existing and established businesses:

Related: 4 Funding Sources

* Funded by the DTI, but managed by other institutions.

** The BBBEE Codes of Good Practice definition of “black”: A South African citizen that is African, Coloured, Indian or Chinese prior to 1994.

Nadia Rawjee
Nadia Rawjee has experience in industries ranging from FMCG to manufacturing and mining because of family interest and her involvement in an influential African network called Intra Business Network. Her skills lie in business analysis, business modelling and accessing developmental funding. She has a BCom degree in Finance and a BCom degree in Economics & Econometrics from the University of Johannesburg. For queries visit Business Funding South Africa.