The Industrial Development Corporation (IDC) of South Africa knows the crucial role of Science, Technology, Engineering, and Mathematics (STEM) education in promoting national progress and economic growth.
To support aspiring individuals in these fields, the IDC offers the Industrial Development Corporation Bursary Programme.
This bursary is a merit-based scholarship that empowers financially disadvantaged South African students to pursue their academic dreams.
About the Industrial Development Corporation Bursary
The Industrial Development Corporation Bursary Programme is designed to address the financial constraints faced by talented students seeking to excel in STEM-related disciplines.
It provides comprehensive financial support, covering tuition fees, accommodation, textbooks, and living expenses.
Additionally, the program offers academic mentorship and internship opportunities, fostering a well-rounded educational experience.
While applications for the 2024 intake are closed, understanding the program’s details can help you prepare for future opportunities.
The Industrial Development Corporation Bursary Requirements
To be considered for the Industrial Development Corporation bursary, you must meet all of the following requirements.
- South African Citizenship: Applicants must be South African citizens residing within the country.
- Age Limit: Candidates must be between 16 and 25 years old.
- Academic Performance: Strong academic performance is essential. Matric students require a minimum average of 75%, while continuing students must maintain a minimum average of 65%.
- Field of Study: The program prioritizes STEM fields, including Engineering, Science, Technology, Accounting/Financial Studies, and Law.
- Financial Need: Applicants must demonstrate genuine financial hardship.
The Industrial Development Corporation Bursary Application Form
Though the application period is currently closed, this information is valuable for future reference.
Typically, applications open in July and close in September of the preceding academic year. Watch the IDC website for specific dates.
You can acess the online application form on the official IDC website.
When applying, you will be required to submit certain documents along with your form.
Prepare certified copies of your ID, academic transcripts, proof of income, and any relevant supporting documents.
When you’re done filling the form and providing the necessary documents, you must submit your complete application online before the closing date
The Industrial Development Corporation Bursary Requirements
Applications undergo a rigorous selection process based on academic merit, financial need, and alignment with the program’s objectives.
Shortlisted candidates may be invited for interviews.
- You must be a South African citizen
- You must live in South Africa
- You must be 25 years old or younger
- You must be currently be in Matric or have completed Matric
- You must be studying or intend on studying full time towards a first undergraduate qualification.
- Postgraduate funding will only be awarded to Accounting and Law students
- You must be studying or intend on studying at a recognized public University, University of Technology or TVET College in South Africa
- You must have achieved a minimum overall average of 75% AND you must have achieved a minimum B aggregate symbol in Mathematics and Science in your Matric
- You must have a minimum overall average of 65% in your most recent results AND you must have passed all courses which you registered for, for the study period already completed
- You must have combined household income of less than R350 000 per annum (students with a combined household income of less than R600 000 per annum may apply)
- You must NOT be studying with the aid of an employer or another bursary
- Preference will be given to students living with disabilities
- Preference will be given to students who are studying or matriculated from Quintile 1, 2 and 3 schools (public schools), schools from previously disadvantaged communities, and from rural areas
The Industrial Development Corporation Bursary Closing Date
Remember, the application deadline for the 2024 intake has passed. It ended on 30 September 2023.
However, you can stay informed about future opportunities by visiting the IDC Bursary Programme website or following the IDC on social media and subscribing to the IDC newsletter for updates.
You can also contact IDC for any further information on 011 269 3374 or though email at [email protected].
By familiarizing yourself with the program’s requirements and application process, you can prepare for future opportunities and pursue your academic ambitions with the support of the IDC Bursary Programme.