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  Applications are currently being accepted for the develoPPP Ventures Ideas Competition, offering a substantial €100,000 in funding to successful entrants. Backed by a panel of local experts, the application and selection process is designed to provide guidance and support throughout.
Read more about Opportunities
The develoPPP Ventures Ideas Competition seeks promising start-ups during scheduled open calls, which occur multiple times annually for six weeks at the close of each quarter. Announcements for new application rounds are made on the program’s website ahead of each cycle and are accessible to all eligible start-ups. Depending on the target country, funding contracts are established with DEG Impulse gGmbH or Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the two implementing partners.
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Selection Process

  • Initial screening of applications submitted during open calls.
  • Emphasis on encouraging applications from women-led start-ups and those advancing gender equality, in alignment with the 2X Challenge criteria.
  • Shortlisted companies proceed to pitch before the DEG Impulse/GIZ selection committee.
  • Successful candidates undergo due diligence, which involves a comprehensive assessment of factors such as business plans, financial projections (covering at least three years), and investor and customer information, among others.
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Eligibility Criteria

  • Registered or planning to register in the target country before investment.
  • Privately owned and profit-oriented.
  • Submission of at least one annual financial statement.
  • Possession of a viable business plan and financial strategy.
  • Operational status with generated revenues from core activities (Proof of Concept).
  • Funding received to date not exceeding €2 million.
Applications are open until June 30, 2024. Apply HERE.
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This article was first published on 17th May 2024

ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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