The COVID-19 pandemic threw most people globally off balance while having a bigger impact on the startup businesses that were already walking through murky waters. Entrepreneurs have developed resilience in these tough times by struggling to keep the lights on in their businesses and sailing through the tough times with optimism.
Brilliant minds from all over the world have come up with innovative ways of solving global challenges such as environmental conservation- reducing the carbon load, improving healthcare, digital inclusion, poverty eradication, etc. Now more than ever, startups need all the support that they can get in order to scale up their businesses and to ensure that there is sustainability.
DeveloPPP Ventures invites startups in Kenya with an innovative business model, with a sustainable economic, ecological or social impact in a developing or emerging economy. DeveloPPP Ventures is aimed at young companies, whose innovative business model improves living conditions in a developing or emerging country and who are planning to scale up. Via a matching-funds model, the German Federal Ministry for Economic Cooperation and Development (BMZ) provides a grant of up to 100,000 euros for suitable growth investments.
Is your start-up pursuing a high impact business model in a developing or emerging economy and has already successfully mastered the formation phase? Then find out now about the opportunities for growth funding through develoPPP Ventures.
The startups that apply will have the chance to get a grant of up to 100,000 euros for suitable growth investments.
Decisions on funding of specific investment projects are made during develoPPP Ventures idea competitions, which take place at regular intervals. Start-ups that are registered in an OECD-DAC country or that plan to register there before the start of the funding can participate.
The funding is provided exclusively for business expansion in the respective OECD-DAC country and must be invested locally. A prerequisite for funding is that the start-up phase has already been completed and first revenues have been generated.
In addition to that to apply, you must:
Developing and emerging countries around the world are facing major challenges, for example in the health sector, in energy supply, in the sustainable use of natural resources or in coping with climate change. Often there is not only a lack of capital but also little technical and operational know-how. Skilled workers are scarce and environmental and social standards often need improvement.
At the same time, many countries in Africa, Asia, Latin America or Southeast Europe offer the growing potential for local and international companies: For example, in the production of raw materials and intermediate products for global value chains, but increasingly also as production locations for the local market. Private investments and local entrepreneurial activity create skilled jobs, local added value and innovations. This also creates prospects for the future.
The approach of develoPPP is to support precisely these processes and make them sustainable.