Is your business ready for the digital era?
Using digital business tools could take your business to the next level
The Western Cape Digital Productivity Business Technology and Innovation Support Programme can help you do it
Designed to catapult your business into the digital age!
The Department of Economic Development and Tourism (DEDAT): Business Technology & Innovation programme for Productivity Boost (The Fund) aims to tackle the challenge of low productivity in Western Cape firms to achieve greater competitiveness of firms in the region to match or beat international standards through the adoption of technology and of promotion of digital transformation.
The Western Cape Government’s Growth for Jobs Strategy seeks to affirm the province as the tech(nology), financial, innovation and design capital of Africa, through robust business, government, and community innovation, supported by academia (‘quad helix’). It is envisaged that the region will be characterised by strong technology ecosystems and centres of excellence in a range of industries and opportunities, contributing towards and improving the competitiveness and growth in existing firms, within a supportive enabling environment.
Business productivity and competitiveness of the firms within South Afria, and so too the Western Cape province is low and continues to decline relative to our global counterparts. SA firms are not keeping pace with or do not exceed comparable international market standards, therefore resulting in constrained economic growth within the province.
These trends of poor performance needs to be reversed and the competitiveness of firms in the region must be taken to — or beyond — international standards through adequate business support, with one of the areas of focus being the promotion and adoption of technology and enabling a deep-seated culture of innovation. Increased Research & Development, user education and the creation of a sense of curiosity and urgency around continual improvement are central themes amongst others.
The competitiveness of the Western Cape in a future, digitally transformed world will depend on the ability of the technology and innovation sector to contribute more significantly to the digital transformation of enterprises and to create jobs and economic value through the establishment and development of digital businesses (from start-ups to scale-ups to corporates).
The approach to drive up productivity improvements through technology adoption in Western Cape firms, along with the complementary business/management support across the province is multifaceted.
DEDATs' Business Technology & Innovation Programme for Productivity Boost has established a Fund that will support initiatives under the following two (2) categories:
Focus areas the Western Cape Business Technology & Innovation Programme for Productivity Boost Fund will support:
Note: Digital literacy and digital skills programmes will NOT be supported by this Fund. However, the fund may support certain training related to familiarising teams to the specific technology implemented as part of the digital productivity initiative implemented via the Fund. These will be dealt with on a case-by-case basis.
Important note for ALL applicants: It requires that the interventions funding is fully utilised by 22 March 2024. Other components of the intervention implemented may be fully completed by the 31 May 2024.
The following costs and expenditure will not be considered for support from the Business Technology & Innovation Programme for Productivity Boost Fund:
How to Apply:
The closing date for applications is on 15 March 2024