THE PRODUCT PROCESS DEVELOPMENT(PPD) Scheme
The Product Process Development (PPD) Scheme provides financial assistance for small, very small and micro enterprises whose total assets (excluding fixed property) are below R5 million and a turnover of less than R13 million as well as total employees of below 50, as defined in the National Small Business Amendment Act of 2003, or any other Act replacing it. However, if majority controlled, wholly owned or significant shareholders are large/medium companies, then the applicant will be viewed as a large/medium company, and will qualify for support under either the Matching or Partnership Scheme only.
The PPD Scheme is intended to promote innovation and technology development through the provision of financial assistance for the development of new products and/or processes. A new product is a product that has not been in the market before.
The financial assistance provided is in the form of a non repayable grant of between 50% and 85% (depending on the shareholding by BEE, women and persons with disabilities) of the qualifying costs incurred during the technical development stage with a maximum grant amount of two million Rand (R2 000 000) per project.
The following BEE incentives apply to the PPD Scheme: