develoPPP Ventures Ideas Competition for Young Entrepreneurs (£100,000 Capital)
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 non-dilutive capital of 100,000 euros for suitable growth investments.
Eligibility
Available in Côte d’Ivoire, Ghana, Kenya, Nigeria, Rwanda, South Africa and Tanzania – with further countries to follow
- Non-dilutive capital of EUR 100,000 for scaling up plus potential top-up funding
- Tailor-made technical assistance by sector experts
A prerequisite for funding is that the start-up phase has already been completed and initial revenues have been generated. In addition, your company must:
- be privately owned and profit-oriented
- have a viable business and financial plan
- be able to provide at least one annual financial statement
- convince other financiers of its business model (matching funds)
- not have acquired more than a maximum of €2 million in funding to date
- have high growth potential and reach break-even within a maximum of three years
Selection Criteria
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.
How to Apply
Interested applicant can apply via this link;
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