Join Keshni Morar as she explains, and answers questions related to, the develoPPP Ventures : Call for applications Q2/2024 in South Africa.

Date: Tuesday, 11 June 2024

Time: 9am SAST

Register to attend: Click here

develoPPP Ventures is aimed at scaling young companies in developing and emerging economies, whose innovative business model has a sustainable economic, ecological or social impact.

Via a matching-funds model, the Federal Ministry for Economic Cooperation and Development (BMZ) provides a grant of 100,000 euros for suitable growth investments. In Q2/2024 develoPPP Ventures is available in Nigeria, Kenya, Tanzania, Rwanda and South Africa.

Women-led start-ups and start-ups promoting gender equality are especially encouraged to apply.

PARTICIPATION REQUIREMENTS

In order to apply for funding, the company must:

• be privately owned and profit-oriented
• have achieved proof of concept
• have a viable business and financial plan
• can provide at least one annual financial statement
• convince other financiers of its business model
• not have acquired more than €2 million in funding to date
• have high growth potential and reach break-even within a maximum of three years
• be registered in the target country or plan to be prior to the investment

Applications are open until 30 June 2024.

For more information on the programme, a complete list of participation requirements and everything needed to apply, please visit www.developpp.de/en/funding-programme/startups

You are also welcome to submit your application via the VC4A portal.

See you there!

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develoPPP is a funding programme of the Federal Ministry for Economic Cooperation and Development (BMZ). It is aimed at companies that want to invest sustainably in a developing or emerging country and expand their local operations. Prerequisites for support are a long-term business interest in the country and a sustainable developmental benefit for the local people.

Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is a federal enterprise with worldwide operations. It supports the German Government in the field of international cooperation for sustainable development and international education. GIZ assists people and societies in shaping their own future and improving living conditions. www.giz.de/en

develoPPP Ventures Q2/2024 is supported by VC4A. It is the leading platform supporting entrepreneurs, mentors, investors and business professionals, strengthening the startup community in Africa, Latin America and beyond. www.vc4a.com

develoPPP Ventures Q2/2024 is supported by Jozi Angels – an angel investor network based in Johannesburg, South Africa that helps startups to grow through the assets angel investors bring: knowledge, networks and capital. www.joziangels.co.za

Liza
Liza