MR Price Foundation Launches R3M Fund For Young Entrepreneurs

Applications for the programme are now open. The fund aims to help young entrepreneurs scale their businesses through a combination of financial support, capacity development, and mentorship.

Targeted support and funding

• Tailored business development support
• Technical assistance
• Online and in-person bootcamp training
• Expert mentorship and coaching
• Opportunity to pitch for additional seed capital
• Access to post-investment support

Businesses will go through a rigorous multiphase selection process. Finalists will receive grant funding and have the opportunity to pitch for additional seed capital and access post-investment support.

Eligibility criteria

To qualify, businesses must meet the following criteria:

• At least 51% youth-owned (ages 18-34)
• At least 51% Black-owned (as defined by the Broad-Based Black Economic Empowerment Act)
• Operational for at least 12 months
• Based anywhere in South Africa
• Annual turnover of less than R5m
• Demonstrated growth potential

Focus on scaling and sustainability

South Africa’s micro, small, and medium enterprises (MSMEs) contribute roughly 40% of GDP and employ more than 60% of the workforce. The Bindzu Youth Fund is intended to support these businesses as catalysts for economic growth.

The Foundation says the fund is designed to strengthen business models, improve leadership, and enable sustainable scaling.

Application details

Applications close on 30 June 2025. Shortlisted businesses will be contacted for the next stage of the selection process.

Young entrepreneurs interested in applying can do so here or email gro.noitadnuofecirprm@tfilpu for more information.