€ 0
Overview
| Donor: | Federal Ministry for Economic Cooperation and Development (BMZ) |
| Application procedure: | Online Application |
| Donor base: | Germany |
| Reference number: | - |
| Eligible applicants: | Social Business |
| Deadline: | 31.12.2024 |
Financial details
| Grant size: | Small - up to $100,000 |
| Minimum grant size: | - |
| Total available budget: | - |
| Funding type: | Grants |
| Maximum grant size: | 100.000€ |
| Funding ratio: | up to 50% |
Sectors
- Agriculture & Rural Development
- Capacity Building
- Climate Change
- Economic Development
- Energy
- Environment & Natural Resources
- Food Security
- Health
- Water & Sanitation
- Women & Gender
Project Locations
Africa
Ivory Coast, Kenya, Rwanda, Tanzania
Description
1) Objective
With develoPPP Ventures funding, the BMZ is supporting young companies that are already active in a developing or emerging economy and whose business model contributes to sustainable local economic, ecological and social development. The aim is to scale innovative solutions in order to make them accessible to more people. Therefore, it is important that the proof of concept has already been achieved and first revenues have been generated. Funding the start-up phase via develoPPP Ventures is not possible.
2) Eligibility
The start-up must be privately owned and profit-oriented and must be registered in the target country or register there prior to the funded growth investment. The business model has high development relevance and scalability and thus contributes to the achievement of the Sustainable Development Goals (SDGs). There must be proof of concept and initial revenues must have been generated.
3) Location
The current develoPPP Ventures call for applications (November 15 to December 31, 2024) takes place in Côte d’Ivoire, Kenya, Rwanda and Tanzania.
4) Budget
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 is usually provided by angel investors, family and friends, impact investors, VC funds or by other capital providers. It could also be a fresh cash injection from the current shareholders. To some extent grants can be considered. The German Federal Ministry for Economic Cooperation and Development (BMZ) provides a grant of 100,000€ for suitable growth investments (50% funding).
5) Application
The application deadline is 31 December 2024. 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 Impulse and GIZ. The best candidates will then undergo an on-site review (due diligence), which, if successful, will be followed by a funding contract.