NYDA Funding Requirements

There are many institutions that offer funding for young entrepreneurs and the National Youth Development Agency (NYDA) is one such platform. The primary objective of the NYDA is to provide young entrepreneurs an opportunity to access financial and non financial business development support.

Although the NYDA hasn’t always lived up to some of its objectives and with an influx of board members being constantly on rotation, the youth still regard it as the go to institution for funding.

Here are the few facts that young entrepreneurs need to know.

1. Cut Off Age:

Only 18 – 35 year olds can apply for funding at the NYDA.  If you’re turning 35 that particular year, you’re advised to apply three months before turning 35.

2. Citizenship

Entrepreneurs must be South African citizens and reside within South African borders. Proof of business related qualification is a must.

3.Pitcthing Process:

Prepare a ten minute pitch, which can be conducted either telephonically or in person.

4. Must be involved in the everyday running of the business. A due diligence report will be conducted by a NYDA official.

5.Contact Number:

Here is the NYDA call centre number, 0800 5252 52