Mr Price Foundation has launched the Bindzu Youth Fund, an initiative aimed at offering youth-owned businesses an opportunity to compete on a provincial and national level for a share of R3 million in grant funding. 

The initiative will also offer capacity development in the form of online and bootcamp training tailored to the needs of emerging businesses, and expert mentorship and coaching to navigate challenges and opportunities. Applications are now open, and the Foundation is looking forward to partnering with passionate youth entrepreneurs in their business growth journey. 

While young entrepreneurs have a prolific role to play in South Africa’s future economy, the state of youth entrepreneurship is also calling for interventions that go beyond training and mentorship. The country has no shortage of young minds with bright ideas and business know-how. So, although training and mentorship have been foundational to the success of young entrepreneurs, a greater need lies in real resources, and the willingness to release these resources to the youth.  

Recognising this, Mr Price Foundation announces the call for applications for the Bindzu Youth Fund. 

Entrepreneurs will receive tailored business development support and technical assistance, and through a rigorous multiphase selection process, selected participants will secure their share of R3 million in grant funding to help grow their businesses, in addition to provincial bootcamp training. 

These selected businesses will also have the opportunity to pitch for additional seed capital, receive post investment support and other incentives. This practical approach is a realistic response to the needs of young South African entrepreneurs, gleaned from 20 years of the Foundation’s work in youth empowerment.  

To be eligible for the Bindzu Youth Fund, a business must be at least 51% youth-owned (ages 18 - 34) and 51% or more black-owned (as defined by the Broad-Based Black Economic Empowerment Act). It must also have been operational for at least 12 months, based anywhere in South Africa, with a turnover of less than R5 million, and growth potential.  

Micro, small and medium enterprises are the backbone of the country’s economy, contributing 40% to GDP and employing more than 60% of the nation’s workforce. The Bindzu Youth Fund will serve as a catalyst for bold entrepreneurs looking to grow their businesses and create lasting impact. It is designed to improve business models, strengthen leadership and accelerate growth, enabling entrepreneurs to scale sustainably. 

Mr Price Foundation is committed to empowering the next generation of young entrepreneurs who are shaping South Africa’s economic future. This is an opportunity for youth-owned businesses to develop, scale and succeed.  

Application deadline: 30 June 2025 

Only shortlisted businesses will be contacted for the next stage.