Grants of up to R10m per financial year, payable bi-annually over three years, are available to organisations and companies that run incubators and incubation programmes. Answering questions from MPs in the National Assembly, Davies said that the project aims to "create entrepreneurs with real skills (and) real capacities to be involved in the productive economy of this country."
He added the ISP would also see more support from the government to small businesses. According to Allafrica.com, the programme offers a cost-sharing support of 50:50 for large businesses and a cost-sharing of 40:60 for small businesses that carry out incubation programmes.
Read the full article on allafrica.com.
