Deadline:15th March, 2024
Is your start-up pursuing a high impact business model in a developing or emerging economy and has already successfully mastered the formation phase? Then find out now about the opportunities for growth funding through develoPPP Ventures.
develoPPP Ventures is aimed at scaling young companies in developing and emerging economies, whose innovative business model has a sustainable economic, ecological or
social impact.
Via a matching-funds model, the German Federal Ministry for Economic Cooperation and Development (BMZ) provides a grant of 100,000 euros for suitable growth investments.
Grant
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)
- The investment proposal is financially sound, and the purpose of funding is
clearly defined - Entirely commercial financing of the investment project is not possible at this
point (subsidiarity
Eligibility
• 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
For more information and application.