Deadline:30th June, 2024
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).
develoPPP Ventures is aimed at young companies that are already active with an innovative business model in a developing or emerging country and are ready to take the next step. Within the framework of a matching funds model, a public growth investment of 100,000 euros is possible.
Suitable start-ups to be funded through develoPPP Ventures are selected during an open call for applications. This takes place several times a year for six weeks at the end of a quarter. A new call for applications will be announced on the website prior to the start of the application window and is open to all start-ups that meet the conditions for participation. Depending on the target country, the funding contract is concluded with one of the two implementing partners, DEG Impulse gGmbH or Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.
Funding
- 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 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
Assessment criteria
Innovation: The business model is innovative with regard to the target country
Scalability: The company has a high growth potential due to the size of the market
and the target group
Financial Sustainability: The break-even point will be reached timely (maximum
within 3 years)
Adequate Management: The company has the necessary expertise as well as
management capacity and human resources to substantially scale its business
Developmental Impact:
• The business model has a significant developmental relevance
• The impact is measurable, i.e. positive effects on the target groups
• The company is contributing to reaching the SDGs by increasing local income,
saving natural resources, improving access to resources and services, and
creating decent jobs
Selection process
- The initial selection is made based on applications that can be submitted during
regular calls for applications - Women-led start-ups and start-ups promoting gender equality are especially
encouraged to apply (refer to the criteria of the 2X Challenge) - Companies passing this first stage will be invited to pitch in front of the DEG
Impulse/GIZ selection committee - Due diligence will then be performed on successful companies, during which
more detailed information is evaluated (incl. the business plan and financial
projections (for at least 3 years), information on other investors and potential
customers, etc.)
For more information and application.