Category Archives: business funding

DEJI ALLI YOUNG TALENT AWARD (DAAYTA) 2025

Application Deadline: Tuesday, 14 January, 2025

LOCATION: Nigeria

The Deji Alli ARM Young Talent Award is an ARM initiative in partnership with TechnoVision’s TVC Labs that aims at providing young Nigerians with an opportunity to develop innovative start-up ventures that add sustainable economic value to Nigeria.

ELIGIBILITY:

To be eligible for the award, the applicant must:

be a citizen of Nigeria

be between 18 and 35 years of age

submit their application which must be their original work

have an MVP (minimum viable product) i.e. you have customers

must be a limited liability company duly incorporated in Nigeria

must be operating the company on a full-time basis

must commit to be physically available to fully participate in the DAAYTA programs and activities – Entrepreneurial education programme at the Pan Atlantic University’s Enterprise Development Centre in Lagos, Nigeria

must commit to be available (physically or virtually) to participate in the 5-month acceleration support for the development of their venture

be able to fund his/her/team’s travel expenses and other associated costs if required

be physically available (with co-founders/team where they exist) for the 2-day Pitch Workshop and Final Pitch Event scheduled for April 9 – 10, 2025

understand the business of ARM, what we stand for, and

be ready to represent ARM as an Ambassador

BENEFIT:

The winner of DAAYTA 2025 shall, subject to the Terms & Conditions, receive funding of ₦12,000,000 (twelve million naira) over one (1) year for the following purposes:

Contribution to working capital.

Participation in an entrepreneurial education program at the Pan Atlantic University’s Enterprise Development Centre in Lagos, Nigeria. (duration is 4 – 5 months)

5-month acceleration support services for the development of their venture by TVC Labs.

APPLY

DEVELOPPP VENTURES CALL FOR APPLICATIONS

Application Deadline: December 31, 2024

LOCATION: Multiple Regions in Africa

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) support young companies to scale innovative business models in selected emerging markets that create positive impact and contribute to achieving the United Nations’ Sustainable Development Goals (SDGs). For the current list of develoPPP Ventures target countries, please refer to http://www.develoPPP.de/en/application/ventures

ELIGIBILITY:

The company is registered in the target country OR plans to register there prior to the investment

The company is privately owned and profit-oriented • At least one annual financial statement is provided

A viable business plan and a financial plan is available

The company is operative and has generated first revenues from operating activities (Proof of Concept)

The company should not have acquired more than a maximum of EUR 2 million in funding to date

The current develoPPP Ventures call for applications (November 15 to December 31, 2024) takes place in Côte d’Ivoire, Kenya, Rwanda and Tanzania.The application and selection process is supported by a team of local experts who will be happy to answer any questions you may have.

Côte d’Ivoire, Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania. Further countries to follow

BENEFIT:

DEG Impulse and GIZ provide non-dilutive capital of EUR 100,000 (and a top-up for successful Ventures in a potential second phase)

The company must receive matching funds equaling the amount of the non-dilutive capital in the form of cash injection from other investors.

APPLY