DeveloPPP Ventures targets fledgling enterprises with innovative business models that enhance living standards in poor or emerging countries and want to expand up. The German Federal Ministry for Economic Cooperation and Development (BMZ) offers a 100,000 euro grant for appropriate growth projects using a matching-funds approach.
Eligibility:
A prerequisite for funding is that the start-up phase has already been completed and initial revenues have been generated. In addition, your company must:
- be privately owned and profit-oriented
- 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
Application:
The develoPPP Ventures call for applications 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:
- Select target country
- Submit a completed application via the develoPPP application platform
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.
