develoPPP Ventures

Deadline: June 30, 2024

Projects

Grant

Location(s)

  • Ghana
  • Kenya
  • Nigeria
  • Tanzania

Overview

Apply now for growth funding for your start-up.

Details

Suitable start-ups to be funded through develoPPP Ventures are selected during an open call for applications. This takes place twice a year and is open to all start-ups that meet the conditions for participation. Depending on the target country, the funding contract is concluded with one of the two implementing partners, DEG Impulse gGmbH or Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.

Growth funding for innovative start-ups with development impact

develoPPP Ventures is aimed at young companies, whose innovative business model improves living conditions in a developing or emerging country and who are planning to scale up. Via a matching-funds model, the German Federal Ministry for Economic Cooperation and Development (BMZ) provides a grant of 100,000 euros for suitable growth investments.

Is your start-up pursuing a high impact business model in a developing or emerging economy and has already successfully mastered the formation phase? Then find out now about the opportunities for growth funding through develoPPP Ventures.

Scaling new solutions in developing and emerging economies

With develoPPP Ventures funding, the BMZ is supporting young companies that are already active in a developing or emerging economy and whose business model contributes to sustainable local economic, ecological and social development. The aim is to scale innovative solutions in order to make them accessible to more people. Therefore, it is important that the proof of concept has already been achieved and first revenues have been generated. Funding the start-up phase via develoPPP Ventures is not possible.

The BMZ supports the scaling of suitable business models with a grant of 100,000 euros if your company manages to acquire matching funds from other sources of at least the same amount. In addition, your start-up will receive local technical support. Women-led start-ups and start-ups promoting gender equality are especially encouraged to apply.

Your application to develoPPP Ventures

The develoPPP Ventures call for applications takes place twice a year for six weeks at the end of each quarter (June and December). Do you meet the conditions of participation (PDF) and would like to apply for funding? Here's how:

  • Select target country
  • Submit a completed application via the develoPPP application platform

Each application will first be evaluated on the basis of consistent and transparent criteria. If your application is successful in the competition, you will be given the opportunity to pitch to the decision-making committee of DEG Impulse and GIZ. The best candidates will then undergo an on-site review (due diligence), which, if successful, will be followed by a funding contract.

Opportunity is About


Eligibility

Candidates should be from:


Description of Ideal Candidate

Participation requirements for develoPPP Ventures

  • Your company is registered in the target country or plans to register there prior to the co-financed growth investment
  • You are pursuing an innovative business model and are already generating initial revenues (proof of concept)
  • Your business model has high development relevance and scalability and contributes to achieving the Sustainable Development Goals (SDGs)

Dates

Deadline: June 30, 2024


Cost/funding for participants

100,000 euros grant financing for investments to scale.

+ More Info / Application Save Opportunity Un-save Opportunity


find-dream
Search from 4353 opportunities in 164 countries

Internships, scholarships, student conferences and competitions.