About FID

Investing in the Development of Enterprise Advancement (IDEA) was established in conjunction with the Foundation for Internet Development (FID) to provide a mechanism for maximising contributions made by ICT industry stakeholders towards socio-economic development and to enterprise development initiatives.

The primary function of this NPC is to project match and facilitate donations made by companies within the ICT sector, be it a cash grant, loan, services and/or goods.

There are often various technical components required for a technology based business to work effectively and can prove quite costly for start-ups.

IDEA collaborates with multiple stakeholders bringing them together to reduce  the costs associated with development projects within the ICT sector. As a broad based black ownership scheme, IDEA retains only 15% of donations received for the purpose of operating costs. The balance is allocated to development initiatives or raising funds for projects of which the beneficiaries are 85% black South Africans.

We believe in creating powerful and sustainable partnerships to drive the processes and make a success of the projects we embark on.