develoPPP Ventures – Ideas Competition
Apply now for growth funding for your start-up!
Suitable start-ups to be funded through develoPPP Ventures are being selected during an open ideas competition.
This takes place twice a year and is open to all start-ups that meet the conditions for participation. The funding contract is concluded with one of the two implementing partners, DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.
The DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH and the GIZ – Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH and with funds from the German Ministry for Economic Cooperation and Development (BMZ), support young companies to scale innovative business models that create positive impact and contribute to achieving the SDGs.
Participation requirements
- The company is registered in Ghana, Kenya, or Tanzania OR plans to register there prior to the investment
- The company is privately owned and profit-oriented
- At least one annual financial statement is provided
- A viable business plan and a financial plan
- The company is operative and has generated its first revenues from operating activities (Proof of Concept)
- The company should not have acquired more than a maximum of €2 million in funding to date
The complete conditions of participation for the develoPPP Ventures the ideas competition can be found here.
How to apply?
The develoPPP Ventures ideas competition takes place twice a year for six weeks at the end of each quarter (June and December). Do you meet the conditions of participation (PDF) and would like to apply for funding? Here’s how:
- Download the application documents for your target country below,
- Send in a completed application form.
Each application will first be evaluated on the basis of consistent and transparent criteria. If your application is successful in the competition, you will be given the opportunity to pitch to the decision-making committee of DEG and GIZ. The best candidates will then undergo an on-site review (due diligence), which, if successful, will be followed by a funding contract.
The application for develoPPP Ventures is handled in each country by a team of local experts who are available to answer any questions you may have. You will find the respective contact details in the application form and guidelines.
– Start-up funding in Ghana
develoPPP Ventures is implemented in Ghana by Deutschen Gesellschaft für Internationale Zusammenarbeit (GIZ). The current application phase is open until June 30. For more information, please visit: develoPPPVentures@giz.de
– Start-up funding in Kenya
develoPPP Ventures is implemented in Kenya by DEG – Deutsche Investitions- und Entwicklungsgesellschaft. The current application phase is open until June 30. For more information, please visit: develoPPPVentures@deginvest.de
– Start-up funding in Tanzania
develoPPP Ventures is implemented in Tanzania by DEG – Deutsche Investitions- und Entwicklungsgesellschaft. The current application phase is open until June 30. For more information, please visit: develoPPPVentures@deginvest.de
In what form are further supporters necessary?
develoPPP Ventures is a matching-funds model, i.e. investment capital of at least the same amount must be acquired in addition to the develoPPP Ventures funding. The capital can be contributed by the owners themselves or by other capital providers, to some extent also in the form of further grants. However, it is important that at least 25% of the total investment is added to the company in the form of fresh equity.
The additional growth capital does not necessarily have to be available before applying for develoPPP Ventures funding. However, preliminary discussions with potential investors should be at an advanced stage. The payment of the additional capital is a prerequisite for the final conclusion of the contract. Growth capital that has already been contributed to the company before applying for develoPPP Ventures funding can be taken into account as long as the funds are still predominantly available and have not already been spent.
Overview
| Organizer | develoPPP Ventures |
| Website | Visit website |
| Targets | Ghana, Kenya, Tanzania |
| Sectors | Sector agnostic |
| SDG (17) | All |
