81304911-Implementation partner for one develoPPP Ventures call for applications (2024-Q2) in Nigeria and South Africa

The Project

- develoPPP is a program that intends to foster the involvement of the private sector in areas where business opportunities and development policy initiatives overlap. The develoPPP program offers financial and technical support for companies operating in developing countries and emerging markets that create development impact and long-term benefits for the local population. In particular, the program"s overall objective is to contribute to the socio-ecological-feminist transformation in the partner countries in cooperation with companies.

The develoPPP program is implemented on behalf of the BMZ by GIZ GmbH as well as the DEG Impulse gGmbH a subsidiary of DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, please refer to this website:

https://www.developpp.de/en/

The develoPPP program launched a new funding window in 2021 called develoPPP Ventures to support the growth phase of local small and growing businesses (SGB) that have the potential to generate a measurable, positive social or environmental impact alongside financial returns. Hence, develoPPP Ventures is seeking locally registered SGB with innovative and scalable business models that have a direct positive impact on reaching the Sustainable Developments Goals (SDGs) and the population on the ground. (see program eligibility criteria).

Through this instrument co-financing of up to EUR 100,000 (with a potential top- up for successful ventures at a later stage) will be provided. Prerequisite will be that the company acquires additional funds from another source of at least the same amount (matching-fund-model). develoPPP Ventures financing is tailored to lift these companies above the first threshold of becoming attractive enough for commercial (impact) investors and / or financial institutions. The SGB must be registered in a country where develoPPP Ventures is being implemented (adhering to the BMZ 2030-country list: https://www.bmz.de/en/countries), must have a relevant product or service already on the market and can prove first sales figures by providing at least one audited financial statement. In addition, they must provide sound financial and strategic business planning documents over a 3-year period going forward. The financial planning should provide insight in how the funds are used to grow, become financially sound and reaching break-even. On top of the funding, the SGB will receive technical assistance based on their specific needs to maximize their chances of success.

SGBs can apply for develoPPP Ventures funding by handing in applications in calls for applications, where the best applications will be selected. These calls for applications are each tailored at one specific African country while gradually extending the number of calls for applications to further countries in Africa.

GIZ launched develoPPP Ventures in Ghana in 2022. Since then three calls for applications have been conducted by GIZ in Ghana as well as two call for applications took place in Nigeria in 2023. Over time it is planned to roll out develoPPP Ventures to further African countries. DEG Impulse, who implements the develoPPP program besides GIZ, has completed develoPPP Ventures calls for applications in Kenya and Tanzania. For further information on develoPPP Ventures, please refer to this website: https://www.developpp.de/en/fundingprogramme/startups