Get access to €100,000 in equity-free funding and scale your startup – Be part of the develoPPP Ventures Program
Program Overview: develoPPP Ventures, supported by the German Federal Ministry for Economic Cooperation and Development (BMZ), offers growth funding to innovative start-ups that aim to improve living conditions in developing or emerging countries. This program is specifically targeting start-ups in Kenya, Rwanda, and Tanzania, providing them with non-dilutive capital of up to €100,000 through a matching-funds model.
Assessment Criteria:
- Innovation: Your business model offers new solutions for the target country.
- Scalability: High growth potential in terms of market size and target group.
- Financial Sustainability: Clear pathway to break-even within 3 years.
- Adequate Management: The company has the expertise and capacity to scale its operations.
- Developmental Impact: Significant positive effects on the local community, contributing to SDG targets such as income generation, resource conservation, improved access to services, and job creation.
About develoPPP Ventures: The program is part of the develoPPP initiative by the German government, aiming to support sustainable business development in emerging markets. It is implemented by DEG Impulse gGmbH and GIZ GmbH.
Take advantage of this opportunity to scale your innovative business and contribute to sustainable economic, social, and environmental progress in Kenya, Rwanda, or Tanzania. Apply now!
Program Timeline:
- Application Deadline: December 31, 2024
- Program Dates: April 1, 2025 – April 1, 2026
Scroll down for more details and click on the official link attached to apply now.
Additional Information
€100,000 non-dilutive capital for scaling business models in Kenya, Rwanda, and Tanzania.
Matching funds requirement, meaning your start-up must secure at least the same amount of funding from other investors.
Local technical support to enhance your business’ impact.
Women-led businesses and businesses promoting gender equality are especially encouraged to apply.
Contribution to the Sustainable Development Goals (SDGs), with a focus on making a positive, measurable impact.
Your start-up is privately owned and profit-oriented.
The business must be registered in Kenya, Rwanda, or Tanzania, or must plan to register in these countries.
Your company must have generated initial revenues and completed its start-up phase.
Viable business and financial plan, with at least one annual financial statement available.
Your business must demonstrate scalability, with a plan to break even within three years.
Must acquire matching funds of at least €100,000 from other investors (e.g., angel investors, VC funds).
No more than €2 million in total funding to date.
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