THE DEVELOPPP VENTURES IDEAS COMPETITION 2024 FOR YOUNG ENTREPRENEURS (GHANA)

Application Deadline: March 31st, 2024

develoPPP Ventures is aimed at young companies, whose innovative business model improves living conditions in a developing or emerging country and who are planning to scale up. Via a matching-funds model, the German Federal Ministry for Economic Cooperation and Development (BMZ) provides a grant of 100,000 euros for suitable growth investments.

Requirements:

A prerequisite for funding is that the start-up phase has already been completed and initial revenues have been generated. in addition, your company must:

– Be privately owned and profit-oriented
– Have a viable business and financial plan
– Be able to provide at least one annual financial statement
– Convince other financiers of its business model (matching funds)
– Not have acquired more than a maximum of €2 million in funding to date
– Have high growth potential and reach break-even within a maximum of three years

Application procedure:

The develoPPP Ventures call for applications takes place twice a year for six weeks at the end of each quarter (June and December). do you meet the conditions of participation (pdf) and would like to apply for funding? here’s how:

– Select target country
– Submit a completed application via the develoPPP application platform

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 Impulse and GIZ. the best candidates will then undergo an on-site review (due diligence), which, if successful, will be followed by a funding contract.

For More Information:

Visit the Official Webpage of the develoPPP Ventures Ideas Competition 2024

Source: OFA