Application Deadline: June 30, 2024
LOCATION: Multiple Regions
The current develoPPP Ventures call for applications (May 15 to June 30) takes place in Nigeria, Kenya, Tanzania, Rwanda and South Africa.The application and selection process is supported by a team of local experts who will be happy to answer any questions you may have.
ELIGIBILITY:
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)
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.
The complete conditions of participation for develoPPP Ventures can be found here: Download conditions of participation
BENEFIT:
DEG Impulse and GIZ provide grant co-financing 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 grant financing in the form of cash injection from other investors. Matching funds can be considered if received up to 6 months prior to the application and still available for the develoPPP Ventures investment. The external capital must have been received at the latest by the time of disbursement of the develoPPP Ventures funds.
Companies should therefore be in advanced discussions with investors around securing financing within the next six months.
The use of funds takes place in the develoPPP Ventures target country, in which the company is registered (conclusion of contract will only be possible with a locally registered entity)