Jump: FundingAssist Feature

Name of the fund:

Aggregator of funds.

Brief description of the entity:

The Department of Economic Development and Tourism : Digital Economy Unit, have developed an online digital support platform for SMME’s (largely Western Cape based at this stage), named Jump. The platform provides a feature called FundingAssist to help SMME’s assess their funding readiness and provide an automated matching process. FundingAssist matches the user with over 600 funds from the private and public sector, including the Covid-19 relief funds, as and when they are made available to the market.

Type of funding/investment instrument:

Over 600 funds offered by over 400 funders.

Description of the fund:

Details of the matched funds will be provided as and when an SMME makes use of the tool.

Size of fund and funded activities:

Varies per fund/funder.