Participation requirements for the develoPPP Ventures ideas competition
Your company is registered in the target country or plans to register there prior to the co-financed growth investment
You are pursuing an innovative business model and are already generating initial revenues
(proof of concept)
Your business model has high development relevance and scalability and contributes to achieving the Sustainable Development Goals (SDGs)
The complete guidelines and assessment criteria for the develoPPP Ventures ideas competition can be found here:
Your application to the develoPPP Ventures ideas competition
The develoPPP Ventures ideas competition takes place twice a year for six weeks at the end of each quarter (June and December). Do you meet the participation requirements (PDF) and would like to apply for funding? Here's how:
1. Download the application documents for your target country
2. Send in a completed application form
Each application will first be evaluated on the basis of consistent and transparent criteria. If your application is successful in the competition, you will be given the opportunity to pitch to the decision-making committee of DEG and GIZ. The best candidates will then undergo an on-site review (due diligence), which, if successful, will be followed by a funding contract.
The application for develoPPP Ventures is handled in each country by a team of local experts who are available to answer any questions you may have. You will find the respective contact details in the application form and guidelines.
Apply now for growth funding in Kenya
develoPPP Ventures is currently available in Kenya and is implemented there by DEG - Deutsche Investitions- und Entwicklungsgesellschaft. Other countries on the OECD-DAC list will follow.
Frequently asked questions about develoPPP Ventures
The develoPPP Ventures ideas competition takes place twice a year. You can submit your application documents during the following time windows:
2nd quarter: May 15 to June 30
4th quarter: November 15 to December 31
Your start-up must be privately owned and profit-oriented and must be registered in the target country or register there prior to the funded growth investment. Your business model has high development relevance and scalability and thus contributes to the achievement of the Sustainable Development Goals (SDGs).There must be Proof of concept and initial revenues must have been generated. You can find the full list of participation requirements above.
Applications for develoPPP Ventures go through a multi-stage selection process. First, a selection is made on the basis of the application documents and pitches. The companies that are successful in this phase are then reviewed as part of the due diligence process, for which more detailed information is evaluated (i.e. the business plan including financial projections (for at least 5 years), annual financial statements, information on other investors).
The develoPPP Ventures funding is aimed at young companies that want to further expand their business model in the respective country. A legal entity must be registered locally by the time the contract is concluded at the latest. The funding contract can only be concluded with a local company. The funding is provided for the growth strategy in the respective country and is to be used in the country.
Business models that make a significant contribution to one or more of the 17 Sustainable Development Goals (SDGs) are considered relevant to development. The services and / or products contribute to the ecological, economic and / or social development of the country.
develoPPP Ventures specifically funds new business ideas. Funding is not possible if an established market with competitors already exists. However, it may be that a market is already established in one or more industrialised countries, but no comparable products and / or services are yet available locally. Information on the market and competitors must be provided.
In order to achieve the highest possible and sustainable contribution to the Sustainable Development Goals (SDGs), the funding is aimed at companies that have the potential to grow. Scalability is measured in particular by the existence of a large market potential and the fact that capacity expansion is associated with efficiency gains. For efficient growth, it must be possible to achieve Economies of Scale. At the same time, the total market size must be sufficient, i.e. potential demand must be high.
Your company must already be established and be able to present its first annual financial statement. You have a technical proof of concept and are generating first revenues from your operational activities. You are also able to convince other financiers of your business model.
develoPPP Ventures is a matching-funds model, i.e. investment capital of at least the same amount must be acquired in addition to the develoPPP Ventures funding. The capital can be contributed by the owners themselves or by other capital providers, to some extent also in the form of further grants. However, it is important that at least 25% of the total investment is added to the company in the form of fresh equity. The additional growth capital does not necessarily have to be available before applying for develoPPP Ventures funding. However, preliminary discussions with potential investors should be at an advanced stage. The payment of the additional capital is a prerequisite for the final conclusion of the contract. Growth capital that has already been contributed to the company before applying for develoPPP Ventures funding can be taken into account as long as the funds are still predominantly available and have not already been spent.
Depending on the country, develoPPP Ventures is implemented either by DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH or Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. You apply for funding in the desired country and are thereby automatically assigned to one of the two implementing partners.