Applications open for the develoPPP Ventures grant of up to €100,000 for suitable growth investments)

develoPPP Ventures focuses on young companies that have an innovative business model aimed at improving living conditions in developing or emerging countries and have plans to expand. The German Federal Ministry for Economic Cooperation and Development (BMZ) provides a grant of 100,000 euros through a matching-funds model for suitable growth investments.

If your start-up is pursuing a high impact business model in a developing or emerging economy and has already successfully completed the formation phase, you can explore the opportunities for growth funding offered by develoPPP Ventures.

Scaling new solutions in developing and emerging economies

Through develoPPP Ventures funding, the BMZ supports young companies that are already operating in a developing or emerging economy and whose business model contributes to sustainable local economic, ecological, and social development. The goal is to scale innovative solutions and make them accessible to a larger population. Therefore, it is crucial that the proof of concept has already been established and initial revenues have been generated. Funding for the start-up phase is not available through develoPPP Ventures.

The BMZ provides a grant of 100,000 euros to support the scaling of suitable business models, provided that your company secures matching funds from other sources of at least the same amount. Additionally, your start-up will receive local technical support. Women-led start-ups and those promoting gender equality are particularly encouraged to apply.

develoPPP Ventures is currently available in Ghana, Nigeria, Kenya, Tanzania, Rwanda, South Africa, and will soon be available in Côte d’Ivoire, with more countries to be included in the future.

Participation requirements for develoPPP Ventures:

1. To be eligible for funding through the develoPPP Ventures call for applications, start-ups must meet certain criteria.
2. Firstly, they must be registered in the target country or have plans to register there before the funding begins.
3. The funding is specifically intended for business expansion within the country and must be invested locally.
4. In order to qualify for funding, start-ups must have already completed their initial start-up phase and generated some initial revenues.
5. Additionally, the company must be privately owned and profit-oriented, with a viable business and financial plan. It should also be able to provide at least one annual financial statement.
6. Furthermore, the start-up must be able to convince other financiers of its business model, which may include matching funds.
7. It should not have received more than €2 million in funding to date. Lastly, the start-up should demonstrate high growth potential and aim to reach break-even within a maximum of three years.

Benefits