This is to bring to your notice that the application for DeveloPPP Ventures Ideas Competition for African Entrepreneurs is currently ongoing for further registration.
The right steps and procedure to apply for DeveloPPP Ventures Ideas Competition for African Entrepreneurs is updated below. Do well to follow up with the right steps we have been able to update below.
How to Apply for The develoPPP Ventures Ideas Competition for African Entrepreneurs
Requirements for develoPPP Ventures Ideas Competition Qualification
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 current develoPPP Ventures call for applications (November 15 to December 31) is open in Kenya, Nigeria and Tanzania.
The company is registered in the target country OR plans to register there prior to the investment
The company is privately owned and profit-oriented • At least one annual financial statement is provided
A viable business plan and a financial plan is available
The company is operative and has generated first revenues from operating activities (Proof of Concept)
The company should not have acquired more than a maximum of EUR 2 million in funding to date
DeveloPPP Ventures Interview date, Process and Venue
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).
How to Apply
All nterested and qualified Applicants should visit develoPPP on oap.developpp.de to apply
The develoPPP application process is handled centrally via a separate platform on which you can easily submit and manage your application.
For more details, visit develoPPP website
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.
December 31, 2023
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