Crowdfunding to get money is rapidly gaining popularity as a way for start-ups to get their businesses going. It doesn’t require winning over investors, and it gains attention for your start-up before its launched. Additionally, it helps you evaluate what kind of demand there is for your product.
But even more, it gives entrepreneurs hope. So, if crowdfunding is well planned and executed, it may generate enough money for you to live your dream…
However, success doesn’t just happen. Indeed, with every success story comes a lot of guts, sweat and tears. In fact, running a crowdfunding campaign is no different.
Funding agencies in South Africa play an important role by helping to make previously disadvantaged South Africans business owners.
Indeed, South Africa is a country where the official unemployment rate was around 30% in the second quarter of 2019 (Trading Economies). Even more, Business Tech recently reported that the unemployment rate for young South Africans with a matric was 55% in first quarter of 2019 – rising to 58.4% for those with less than a matric.
The solution for these people is to start their own businesses. And, if they can get funded by the government, even better!
So, for those who qualify – here are some of the most important (government) funding agencies in South Africa: