develoPPP Ventures is focused on fledgling enterprises that are seeking an opportunity to grow and have an innovative business strategy that promotes living circumstances in a developing or emerging country.
Through a matching-money approach, DEG Impulse gGmbH and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH with funds from the German Federal Ministry for Economic Cooperation and Development (BMZ) give a grant of up to 100,000 euros for qualified growth investments.
Is your startup seeking a high-impact business strategy in a developing or emerging market and has already mastered the formation phase?
Then go on to learn about the growth capital alternatives available through develoPPP Ventures. The initiative is presently available in Ghana, Kenya, Nigeria, and Tanzania, with more nations expected to join in the following cycle.
Criteria for participation
- Startupsups that are already registered in the target country or aim to register there before the funding begins are qualified to participate.
- Funding is only available for business growth in the recipient country and must be invested locally.
- The completion of the start-up phase and the generation of initial income is a need for funding.
Furthermore, your organization must:
- Be profitable and privately owned.
- The business is registered in Ghana, Kenya, Nigeria, or Tanzania, or intends to register there before investing.
- Make a business and financial plan.
- At least one annual financial statement must be provided.
- Persuade other financiers of the company’s business concept (matching funds).
- To present, no more than €2 million in funding has been obtained.
- Have a significant growth prospective and can reach break-even in three years or less.
Evaluation criteria
- Innovation: In terms of the target country, the business model is novel.
- Scalability: Given the size of the market and the target group, the company has a strong growth opportunity.
- Financial Persistence: The break-even point will be achieved in a timely manner (ideally within three years).
- Appropriate Management: The organization has the requisite experience, management capacity, and people resources to significantly increase its operations.
- Influence on Development: The business model is quite important in terms of development.
- The impact is quantifiable, i.e. there are positive consequences on the target populations.
By raising local income, conserving natural resources, enhancing access to resources and services, and creating good jobs, the enterprise is helping to achieve the SDGs.
Conditions for funding
- DEG Impulse and GIZ give grant co-financing of up to EUR 100,000 (with a possible second-stage top-up for successful Ventures).
- Other investors must provide matching funds in the form of cash injections equivalent to the amount of the grant financing to the company. Matching funds may be considered if they have been obtained up to 6 months before the application and are still available for the develoPPP Ventures investment.
- The external funding must have been obtained by the time the develoPPP Ventures funds are disbursed. As a result, companies should be in early conversations with investors about getting finance over the next six months.
- The money is used in the nation where the company is established, which is Ghana, Kenya, Nigeria, or Tanzania (contracts can only be concluded with a locally registered entity).
- The investment plan is financially sound, and the funding purpose is well specified.
- At this moment, fully commercial funding of the investment project is not viable (subsidiarity).
How to apply
Click here to apply. Application closes Friday, 30 June 2023.
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