The current develoPPP Ventures call for applications, running from May 15 to June 30, is open in Nigeria, Kenya, Tanzania, Rwanda, and South Africa. The application and selection process is overseen by a team of local experts who are available to address any inquiries you may have.
Suitable start-ups for potential funding through develoPPP Ventures are identified during an open call for applications, which occurs multiple times a year for a six-week period at the end of each quarter. Prior to the application window opening, a new call for applications is announced on the website and is accessible to all start-ups that meet the eligibility criteria. Depending on the specific country of focus, the funding agreement is established with either DEG Impulse gGmbH or Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the two implementing partners.
Requirements:
- The company must be registered in the target country or have plans to register there prior to receiving the investment.
- The company must be privately owned and profit-oriented.
- Submission of at least one annual financial statement is required.
- A viable business plan and financial plan must be available.
- The company must be operational and have generated initial revenues from its operating activities (Proof of Concept).
- The company should not have received more than a maximum of EUR 2 million in funding to date.
Selection Process:
Assessment Criteria:
- Innovation: The business model demonstrates innovation specific to the target country.
- Scalability: The company exhibits significant growth potential based on the market size and target audience.
- Financial Sustainability: The company is projected to reach a a break-even point within a timely manner (maximum of 3 years).
- Adequate Management: The company possesses the necessary expertise, management capacity, and human resources to effectively scale its operations.
Developmental Impact:
- The business model holds substantial developmental significance.
- The impact is quantifiable, with positive effects on the target groups.
- The company contributes to achieving the Sustainable Development Goals (SDGs) by increasing local income, conserving natural resources, enhancing access to resources and services, and generating quality employment opportunities.
Selection Process:
- Initial selection is based on applications submitted during regular calls for applications.
- Women-led start-ups and those promoting gender equality are particularly encouraged to apply, adhering to the criteria of the 2X Challenge.
- Companies that pass the initial stage will be invited to present their pitch to the DEG Impulse/GIZ selection committee.
- Following this, due diligence will be conducted on successful companies, which involves evaluating more detailed information such as the business plan, financial projections (for at least 3 years), details on other investors and potential customers, etc.
Method of Application:
The develoPPP application process is centralized and administered through a specialized platform, providing applicants with a convenient way to submit and oversee their applications. If your start-up seeks to expand in one of the develoPPP Ventures countries and meets the participation criteria, you can apply for funding through the platform.
The selection process for develoPPP Ventures is supported by impact investment experts VC4A (in Nigeria, Kenya, Tanzania, Rwanda, and South Africa) and Greentec Capital (in Ghana).
For further inquiries, the implementation partners can be contacted at:
- Ghana/Nigeria/South Africa: develoPPPVentures@giz.de
- Kenya/Tanzania/Rwanda: develoPPPVentures@degimpulse.de
Application Deadline: June 30, 2024.
