develoPPP
Growth funding for innovative start-ups with development impact
Applications for new cohort are open!
Apply before 31 December!
The develoPPP Ventures funding scheme supports startups with innovative business models that substantially enhance living standards in emerging markets. It offers EUR 100,000 in grant co-financing to assist in scaling operations, with the opportunity for additional funding in subsequent phases. In the initial target countries of Kenya and Tanzania, DEG Impulse has financed 55 high-growth startups since the program was launched. For this year, the call for applications was also open for 4 other countries: Kenya, Nigeria, South Africa, and Tanzania
The program is supported by DEG Impulse, implemented by VC4A, in collaboration with Impact Hub Kigali as a local partner.
Participation requirements
Funding decisions on specific investment projects are made via a regular develoPPP Ventures call for applications. Start-ups that are registered in the target country or that plan to register there before the start of the funding are eligible to participate. Funding is provided exclusively for business expansion in the respective country and must be invested locally. 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
Pitch Event - 1st Cohort
On September 20th, we hosted the first-ever develoPPP Ventures Pitch Event in Rwanda! The event brought together ten innovative startups in the country, showcasing groundbreaking, scalable solutions across various sectors to a live audience and an expert jury.
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