Deadline: 30-Jun-22
Applications are now open for the develoPPP Ventures Ideas Competition that supports young companies to scale innovative business models that create a positive impact and contribute to achieving the SDGs in Ghana, Kenya or Tanzania.
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- and Entwicklungsgesellschaft mbH and Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) GmbH.
Funding Conditions
- DEG and GIZ provide grant co-financing of up to EUR 100,000 (and a top-up of EUR 100,000 for successful Ventures in a potential second phase)
- Matching funds equaling the amount of the grant financing must be provided by the company in the form of cash injection (from sponsors, investors); At least half of these required matching funds need to be injected as fresh equity
- The use of funds takes place in the country where the company is registered, Ghana, Kenya or Tanzania (conclusion of contract will only be possible with a locally registered entity)
- The investment proposal is financially sound, and the purpose of funding is clearly defined
- Entirely commercial financing of the investment project is not possible at this point (subsidiarity)
Eligible Companies
- 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
- Aviable business plan and a financial plan
- The company is operative and has generated first revenues from operating activities (Proof of Concept)
Participation Requirements
- Your company is registered in the target country or plans to register their prior to the co-financed growth investment
- You are pursuing an innovative business model and are already generating initial revenues (proof of concept)
- Your business model has high development relevance and scalability and contributes to achieving the Sustainable Development Goals (SDGs).
Assessment Criteria
- Innovation: The business model is innovative with regard to the target country
- Scalability: The company has a high growth potential due to the size of the market and the target group
- Financial Sustainability: The break-even point will be reached timely (maximum within 3 years)
- Adequate Management: The company has the necessary expertise as well as management capacity and human resources to substantially scale its business
- Developmental Impact:
- The business model has a significant developmental relevance
- The impact is measurable, i.e. positive effects on the target groups
- The company is contributing to reaching the SDGs by increasing local income, saving natural resources, improving access to resources and services, and creating decent job.
For more information, visit https://www.developpp.de/en/application/ideas-competition-ventures