Contests

The 2024 develoPPP Ventures Ideas Competition for African Entrepreneurs

The entrepreneurial landscape in Africa is buzzing with potential, and the develoPPP Ventures Ideas Competition for African Entrepreneurs 2024 is here to unlock that potential. From May 15 to June 30, visionary start-ups from Nigeria, Kenya, Tanzania, Rwanda, and South Africa can show their innovative ideas and get funded.

The selection process is transparent, and successful start-ups will get to partner with top-notch organizations like Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH or DEG Impulse gGmbH, depending on the country.

This develoPPP Ventures competition is more than just a chance to compete; it’s a gateway to incredible growth and success for Africa’s brightest entrepreneurs.

develoPPP Ventures Ideas Competition Details

Application DeadlineJune 30, 2024
TypeEntrepreneurs
AwardEUR 100,000
Country to StudyKenya, Nigeria, Rwanda, South Africa, and Tanzania
SponsordeveloPPP
GenderALL

Requirements for develoPPP Ventures Ideas Competition

If you’re interested in this program, here are the requirements you need to meet to be eligible:

  1. Company Registration: Your company must be registered in the target country or plan to register there before receiving the investment. This ensures that the start-up has a legal presence in the country where it intends to operate, facilitating local compliance and operations.
  2. Ownership and Profit Orientation: As part of the develoPPP commitment to growth and sustainability, the company should be privately owned and profit-oriented.
  3. Financial Statement: The company must provide at least one annual financial statement.
  4. Business and Financial Plans: You should provide a viable business plan, and a financial plan must be available to show the company’s strategy for growth, market approach, and financial projections – to evaluate the potential for success and sustainability.
  5. Operational Status and Revenue Generation: The company must be operational and have generated initial revenues from its operating activities (Proof of Concept).
  6. Funding Cap: The company should not have received more than EUR 2 million in funding to date.

Selection Process for develoPPP Ventures Ideas Competition

Assessment Criteria

  1. Innovation: The business model must be innovative within the context of the target country.
  2. Scalability: The company should demonstrate high growth potential, driven by the market size and target audience.
  3. Financial Sustainability: The company is expected to reach its break-even point within three years.
  4. Adequate Management: The company must possess the necessary expertise, management capacity, and human resources to scale its business significantly.

Developmental Impact

  1. Significant Developmental Relevance: Your business model should have significant developmental relevance (make a meaningful difference in the community).
  2. Measurable Impact: The positive effects on your target groups must be clear and measurable.
  3. Contributing to SDGs: Your company should help achieve the Sustainable Development Goals (SDGs) by boosting local incomes, conserving natural resources, improving access to essential resources and services, and creating good jobs.

Selection Process

  1. Application Submission: The initial selection process will be based on applications submitted during regular calls for applications. If you fall into the women-led start-ups category or those promoting gender equality, you are especially encouraged to apply – Follow the 2X Challenge criteria.
  2. Pitch Presentation: If your company passes the initial vetting stage, you will be invited to pitch before the DEG Impulse/GIZ selection committee.
  3. Due Diligence: An in-depth due diligence process will be conducted on successful companies, evaluating detailed information such as the business plan and financial projections (for at least three years), potential customers, and information on other investors.

How To Apply

If you are interested and you meet all the requirements highlighted above, visit develoPPP to apply. Keep in mind that the develoPPP application process is managed centrally through a dedicated platform. This process makes it easy to submit and manage your application.

If your start-up aims to expand in one of the develoPPP Ventures countries and meets the participation criteria, you can apply for funding through this platform.

The final point to note is that the selection process is supported by impact investment experts Greentec Capital (covering Ghana) and VC4A (covering Nigeria, Kenya, Tanzania, Rwanda, and South Africa).

If you have further questions, you can reach out to the implementation partners at:

For more information on eligibility and participation criteria, Check out this develoPPP PDF Guide.

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