Are you a young, innovative startup in Kenya, Rwanda, or Tanzania looking to scale your business and make a positive impact in your community?

Look no further than develoPPP Ventures! This initiative provides early-stage funding for startups with the potential to improve living conditions in developing and emerging economies.

What is develoPPP Ventures?

develoPPP Ventures is a program by the German Federal Ministry for Economic Cooperation and Development (BMZ) that offers non-dilutive capital (funding that doesn’t require giving up ownership) of 100,000 euros to eligible startups. This means you get access to crucial funding without sacrificing control of your company.

Who Can Apply?

• Your startup must have a high-impact business model, meaning it creates significant positive social or environmental change.
• You should be in the post-startup phase, meaning you’ve already launched and generated some initial revenue.
• Your company must be privately owned and profit-orientated.
• You must be registered in Kenya, Rwanda, or Tanzania, or plan to register before receiving funding.
• You have a strong business and financial plan, along with at least one year of financial statements.
• You can convince other investors to co-finance your venture through matching funds.
• You haven’t received more than €2 million in total funding so far.
• Your business model has high growth potential and can reach breakeven within three years.

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How Does it Work?

• Applications are submitted through a regular develoPPP Ventures call to action. You can find the latest call and easily manage your application on the VC4A platform.
• If selected, you’ll receive €100,000 in non-dilutive capital from DEG Impulse and GIZ, with the potential for additional funding in a second phase based on success.
• You’ll need to secure matching funds from other investors equal to the amount of develoPPP Ventures funding. These funds can be secured up to six months before your application.
• The funds must be used for business expansion in your registered country (Kenya, Rwanda, or Tanzania).
• Your investment proposal needs to be financially sound with a clear purpose for the funding.

Why Apply?

develoPPP Ventures offers a unique opportunity for early-stage startups to access crucial funding without giving up ownership. This allows you to scale your business, create a positive impact, and achieve long-term success.

How to Apply?

To apply, please visit the develoPPP Ventures website and submit your application before the deadline. Be sure to prepare a comprehensive business plan, financial projections, and any other relevant documentation.

Understanding develoPPP

develoPPP is an initiative launched by the German Federal Ministry for Economic Cooperation and Development (BMZ). The program aims to empower companies like yours to achieve two critical goals:

• Sustainable Business Growth: develoPPP helps established companies expand their local operations in developing markets while also encouraging aspiring startups to bring their innovative ideas to life.
• Positive Development Impact: Funding is contingent upon the project generating a clear and sustainable benefit for the local people. This could involve creating new jobs, promoting environmental sustainability, or supporting social development initiatives.

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Tailored Support for Every Stage

develoPPP offers a two-pronged approach to cater to different stages of your business journey:

• develoPPP Classic: This program targets established companies with a proven track record. It provides access to financial support of up to €2 million to fund your expansion into a developing or emerging market.
• develoPPP Ventures: Aspiring startups can leverage this program to fuel their next big idea. develoPPP Ventures offers catalytic funding to innovative startups that demonstrate a strong potential for social and environmental impact alongside economic success.

Experienced Partners by Your Side

develoPPP is implemented by two leading names in German development cooperation:

• DEG Impulse gGmbH: This non-profit subsidiary of DEG helps businesses, banks, and private equity funds navigate the transition to a more sustainable and socially responsible future in developing and emerging markets.
• Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH: This federal enterprise works alongside the German government to promote sustainable development and education around the world. GIZ empowers people and communities to build a brighter future.

Ready to Take Action?

If you’re ready to explore the exciting possibilities of develoPPP and take your business to the next level while contributing to positive change in a developing nation, visit the program’s website to learn more about eligibility criteria and the application process.

Together, develoPPP can help you achieve your business goals while creating a lasting impact on the communities you serve.