Innovation and Fund Management
ECDC, through the Innovation sub-unit facilitates strategic domestic and international investment into sector-driven innovation in the Eastern Cape. ECDC aims to leverage investment into catalytic innovation projects. The Innovation sub-unit facilitates investment and growth into new industry sectors introduced by the global shift into the Fourth Industrial Revolution.
The sub-unit provides:
Support to catalytic projects that have potential to unlock economic activities, especially in economically depressed areas of the Eastern Cape
Support to projects that promote local beneficiation – diversification of the leading industry sectors of the Eastern Cape (Provincial Development Plan objective)
Promotion of new product development that encourages import substitution
Establishment and growth of a good-quality pipeline that create viable opportunities for the Development Finance and Properties Development Units, government and the provincial entrepreneurs
Increased investments in high-impact projects, promoting the diversification of the manufacturing base of the provincial economy