develoPPP Ventures targets youthful enterprises whose innovative business models enhance living standards in developing or emerging nations and are poised for expansion. Using a matching-funds model, the German Federal Ministry for Economic Cooperation and Development (BMZ) offers a €100,000 grant for eligible growth investments.
Requirements:
To qualify for funding, the startup phase must be finalized, and initial revenues must have been generated. Additionally, your company must:
- Be privately owned and profit-driven.
- Possess a viable business and financial plan.
- Be capable of producing at least one annual financial statement.
- Persuade other investors of its business model (matching funds).
- Have received no more than a maximum of €2 million in funding to date.
- Demonstrate high growth potential and achieve break-even within a maximum of three years.
Application Process:
The develoPPP Ventures call for applications occurs biannually for six weeks at the conclusion of each quarter (June and December). If you meet the participation criteria (PDF) and wish to apply for funding, follow these steps:
- Choose your target country.
- Complete and submit an application via the develoPPP application platform.
Each application will undergo an initial assessment based on consistent and transparent criteria. Successful applicants will have the opportunity to pitch to the decision-making committee of DEG Impulse and GIZ. The top candidates will then undergo an on-site review (due diligence), and if successful, a funding agreement will follow.
For additional details,
Application Deadline: March 31st, 2024
