The develoPPP Ventures Ideas Competition for innovative start-ups (Non-dilutive capital of EUR 100,000)

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.

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 early-stage funding through develoPPP Ventures.

Funding

• DEG Impulse and GIZ provide non-dilutive capital 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 non-dilutive
  capital 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 (Côte d’Ivoire, Ghana, Kenya, Nigeria, Rwanda, South Africa and Tanzania)
• 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

For more information and application.