develoPPP Ventures 10th Cohort Application Open

About

The develoPPP Ventures program offers funding and technical support to innovative startups in developing countries, particularly in Africa, that have achieved market validation and are poised for growth, with a focus on businesses that create positive social, economic, or environmental impacts.

Benefits

• Receive up to €100,000 (approximately $115,000) in non-equity funding
• Access to professional technical support to aid business expansion
• Entry into a network of seasoned investors and industry experts, increasing opportunities for follow-on financing and market expansion
• The program has supported around 100 companies in East Africa, successfully helping participating startups achieve fourfold financing growth

Eligibility Criteria

• Startups must be registered or planning to register in target countries
• Must have an innovative business model that has reached proof of concept and started generating initial revenue
• Business model must be highly relevant to Sustainable Development Goals (SDGs) and have growth potential
• Startups must be established and able to provide the first annual financial statement
• Must attract at least an equivalent amount of external funding as matching funds (including angel investment, VC funds, impact investors, etc.)
• Target countries currently include Kenya, Nigeria, Rwanda, South Africa, and Tanzania (specifics as per current announcement)