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DeveloPPP Ventures
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Legal residence:Germany
Types: Financial Institution
Funding agencies:Other
Sectors: SME & Private Sector
Status: Active
About
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.
With develoPPP Ventures funding, the BMZ is supporting young companies that are already active in a developing or emerging economy and whose business model contributes to sustainable local economic, ecological and social development. The aim is to scale innovative solutions in order to make them accessible to more people. Therefore, it is important that the proof of concept has already been achieved and first revenues have been generated. Funding the start-up phase via develoPPP Ventures is not possible.
The BMZ supports the scaling of suitable business models with a grant of up to 100,000 euros if your company manages to acquire matching funds from other sources of at least the same amount. In addition, your start-up will receive local technical support. Women-led start-ups and start-ups promoting gender equality are especially encouraged to apply.
develoPPP Ventures is currently available in Ghana, Kenya and Tanzania with additional countries to follow.
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