The develoPPP Ventures targets startups that have innovative business models aimed at enhancing living conditions in developing or emerging countries and have plans for scaling up. The German Federal Ministry for Economic Cooperation and Development (BMZ) provides a grant of 100,000 euros to support growth investments through a matching-funds approach.
If your start-up has successfully navigated the formation phase and is now pursuing a high-impact business model in a developing or emerging economy, consider exploring growth funding opportunities through develoPPP Ventures.
Benefits
- Through a matching-funds mechanism, the German Federal Ministry for Economic Cooperation and Development (BMZ) offers a 100,000 euro grant for qualifying growth investments.
- The start-up will be provided with local technical assistance.
Eligibility Requirements
To qualify for co-financed growth investment
- Your company should either be registered in the target country or have plans to do so.
- Your company should be operating on an innovative business model. And must have already generated initial revenues as proof of concept.
- The business model should have a high potential for development and scalability. And should contribute towards achieving the Sustainable Development Goals (SDGs).
In addition
- The company must have private ownership and a focus on generating profits.
- It should have a feasible business and financial plan.
- The company should be capable of providing at least one annual financial statement.
- It should be able to convince other financiers about its business model and secure matching funds.
- The company should not have obtained more than €2 million in funding up to this point.
- It should have a significant growth potential and aim to reach break-even within a maximum period of three years.
How To Apply
The develoPPP Ventures application process occurs twice a year for a period of six weeks at the end of every quarter (in June and December). If you meet the eligibility criteria outlined in the PDF document. And are interested in seeking funding, here is how you can apply:
- Choose the country you wish to target
- Fill out and submit the application form through the develoPPP application platform.
Every application will be assessed initially using clear and fair standards. If your application is selected as a finalist. You will have the chance to present your pitch to the decision-making committees of DEG Impulse and GIZ. Successful candidates will then undergo a thorough on-site review (due diligence) and, upon successful completion, will proceed to sign a funding agreement.
For More Information visit the Official Website of the develoPPP Ventures Ideas Competition.
Application Deadline
March 31st, 2024.
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