With develoPPP, the German Federal Ministry for Economic Cooperation and Development (BMZ) promotes private-sector activities where entrepreneurial opportunities and development policy potential meet. Companies that want to invest sustainably in a developing and emerging country and expand their local operations can receive financial and technical support under the programme.
Are you planning to train local experts or improve environmental and social standards in your supply chain? Do you have an innovative business idea that will improve living conditions in a developing or emerging country? Learn more now and become part of the develoPPP success story!
Apply now for catalytic funding for your start-up
Suitable start-ups to be funded through develoPPP Ventures are selected during an open call for applications, which takes place several times a year for six weeks at the end of a quarter. A new call for applications will be announced on the website prior to the start of the application window 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.
About develoPPP
With develoPPP, the German Federal Ministry for Economic Cooperation and Development (BMZ) promotes private-sector activities where entrepreneurial opportunities and development policy potential meet. Companies that want to invest sustainably in a developing and emerging country and expand their local operations can receive financial and technical support under the programme.
Aim and Benefits of develoPPP Ideas Competition
- Non-dilutive capital of EUR 100,000, with a potential second-phase top-up for successful ventures.
- The company must secure matching funds equal to the non-dilutive capital from other investors.
- Funding is to be used in the target country where the company is registered.
Requirements for develoPPP Ideas Competition Qualification
Minimum requirements for develoPPP funding:
- The company is registered in the target country 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
- A viable business plan and a financial plan is available
- The company is operative and has generated first revenues from operating activities (Proof of Concept)
- The company should not have acquired more than a maximum of EUR 2 million in funding to date
- Interview date, Process and Venue for develoPPP Ideas Competition
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 jobs
Selection:
The initial selection is made based on applications that can be submitted during regular calls for applications
Women-led start-ups and start-ups promoting gender equality are especially encouraged to apply (refer to the criteria of the 2X Challenge)
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 (incl. the business plan and financial projections (for at least 3 years), information on other investors and potential customers, etc.)
Application Deadline: December 31, 2024
How to Apply
Interested and qualified? Go to develoPPP on oap.developpp.de to apply
Link: https://www.scholarshipset.com/scholarships/apply-now-developpp-ventures-ideas-competition-2024
