Tag Archives: finance

DEVELOPPP VENTURES IDEAS COMPETITION

Application Deadline: June 30, 2024

LOCATION: Multiple Regions

The current develoPPP Ventures call for applications (May 15 to June 30) takes place in NigeriaKenyaTanzaniaRwanda 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)

APPLY

MASTERCARD SME FUNDS FOR RESILIENCE AND PROSPERITY

Application Deadline: November 22nd, 2024.

LOCATION: Multiple Regions

The Mastercard Foundation Fund for Resilience and Prosperity is a seven-year, US$ 126 million Fund that aims to support Small and Medium-sized Enterprises (SMEs) across the agriculture, climate adaptation and digital economy sectors in 20 countries in Sub-Saharan Africa. The main objective of the Fund is to unlock enterprise growth and catalyze, scale-up and sustain the creation of dignified and fulfilling work opportunities for young women and men, young people with disabilities and refugee youth.

ELIGIBILITY:

Be involved in the sector of focus i.e., agriculture.

Be an existing for-profit Small or Medium-sized Enterprise.

Be implementing business in at least one of the 20 focus countries in Africa.

Be requesting for grant funding ranging from US$ 500,000 to US$ 2,500,000, disbursed over a 3-year period, based on applicants’ development stage, scalability, and business model. Additional tailored technical assistance will be provided to successful applicants. 

Be providing matching contribution of at least 30% of the total project cost.

Have innovative, practical, and scalable businesses that aim to create work opportunities for young women and men, young people with disabilities or refugee youth.

Adhere to fundamental human rights, labour standards, and environmental management laws, both nationally and internationally, including seed laws/policy.

Refrain from any involvement in acts of terrorism or support for terrorist activities.

The countries are Benin, Burundi, Botswana, Cameroon, Côte d’Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Kenya, Malawi, Mozambique Nigeria, Rwanda, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Uganda and Zambia.

BENEFIT:

Support from FRP will include grants ranging from US$ 500,000 to US$ 2,500,000, disbursed over a 3-year period, based on the applicant’s development stage, scalability, and business model, in accordance with agreed periodic milestone targets.

APPLY