Friday, December 12, 2008

Umsobomvu Youth Fund

A story to keep an eye on; The Umsobomvu Youth Fund (UYF) is about to be merged with the national youth commission to form a National Youth Development Agency (NYDA).

One of the UYF’s aims was to promote entrepreneurship among young people, so it provided funding to youth (18-35 years old) and women, so that they could start a new business or grow an existing one. UYF provided finance ranging from R100 000 to R5 000 000.

Which means that while they didn't fund specific film or tv projects, they were known to fund emerging tv production company businesses - in other words, allowing emerging producers to build a proper, structured environment that generated business confidence.

How this will change with the emergence of the NYDA isn't clear. But the Umsobomvu Youth Fund will be attending the Beach Festival at Umgababa Beach from 13- 14 December 2008 and UYF outreah team will be there provide information on all UYF products and services. Maybe a good opportunity to find out for yourself??? Contact Jonathan Nozibele on 031 327 9916 for more info.

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