Startup funding explained with practical tips South Africa



Funding can be quite a challenging process for entrepreneurs and business owners. Here are a few practical steps to take when applying for funding in South Africa. Preparation before applying for funding is important to improve your chances of success. First match your funding needs to the correct funders, setup a meeting with potential funders. Make sure your funding documentation is professionally presented, your CV, business plan and financial projections are probably the most important documents for a funding application.

Resources:

Find Funders online –

Business Plan Software –

Business Plan Software –

SEFA provides funding to entrepreneurs

NYDA provides grants to youth (18 – 35)

DTI provides a combination of grants and funding however, in most cases your business should be trading for more than 12months and should have financial statements

J29 Business Simplified Blog, find more information about business plans and funding options to consider –

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