Suitable start-ups to be funded through develoPPP Ventures are being selected during an open ideas competition. This competition is open to all start-ups that meet the conditions for participation.
WORTH
- Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG) provides grant co-financing of up to EUR 100,000 (and a top-up of EUR 100,000 for successful Ventures in a potential second phase).
- Matching funds equaling the amount of the grant financing must be provided by the company in the form of cash injection (from sponsors, investors). At least half of these required matching funds need to be injected as fresh equity.
ELIGIBILITY
- Your company is registered in Kenya 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).
DEADLINE: July 15 2021
To apply and for more information visit here
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