The develoPPP Ventures Ideas Competition for African Entrepreneurs

The develoPPP Ventures Ideas Competition for African Entrepreneurs

Funding within the framework of develoPPP Ventures is currently possible in Ghana, Kenya and Tanzania.

The application and selection process is supported in each country by a team of local experts who will be happy to answer any questions you may have.

Suitable start-ups to be funded through develoPPP Ventures are 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.

Depending on the target country, the funding contract is concluded with one of the two implementing partners, DEG Impulse gGmbH or Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.

The develoPPP Ventures ideas competition takes place twice a year.

You can submit your application documents during the following time windows:

2nd quarter: May 15 to June 30

4th quarter: November 15 to December 31

Requirements

Your 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.

Your 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.

Have a viable business and financial plan
be able to provide at least one annual financial statement

Convince other financiers of its business model (matching funds)

Not have acquired more than a maximum of €2 million in funding to date

Have high growth potential and reach break-even within a maximum of three years

Funding Conditions

DEG

impulse and GIZ 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); atleast 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 funding of the investment programme is not possible at this point. (subsidiarity)

Selection Process

The initial selection is made based on the application forms that can be handed in during regular ideas competitions (May 15 to June 30 and November 15 to December 31).

Women led startups promoting gender equality are especially encouraged to apply

Companies passing this first stage will be invited to pitch in front of the DEG impulse/ GIZ selection committee.

Due diligence will then be performed on successful companies, during which more detailed information is evaluated (include the business plan and financial projections for at least 3 years, information on other investors and potential customers.

How to Apply

For more information and job application details, see: The develoPPP Ventures Ideas Competition for African Entrepreneurs


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