Applications are now invited for the 2025 develoPPP Ventures Ideas Competition. This competition is a unique initiative that supports innovative startups in developing countries. It provides startup funding opportunities through a quarterly open call, which lasts six weeks. This open call encourages young entrepreneurs and businesses that are passionate about creating social impact and contributing to sustainable development.
Suitable startups will be selected based on the following criteria:
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- Registration or planned registration in the target country: The company should either be registered in the target country or have a clear plan to register before the investment is made. This ensures the startup is compliant with local laws and regulations, positioning it for growth in developing countries.
- Private ownership and profit orientation: The competition is aimed at privately owned and profit-oriented businesses, ensuring that the selected startups have a sustainable business model with the potential for long-term financial success.
- Availability of annual financial statements: The startup must provide at least one annual financial statement to demonstrate financial transparency and health. This helps the panel assess the company’s viability and growth potential.
- Viable business and financial planning: The company must present a viable business plan and a financial plan that outlines clear strategies for scaling and managing resources effectively.
- Demonstrated operational revenue (Proof of Concept): The startup must have generated first revenues from its operations, providing proof of concept that its business model works and has market potential.
- Less than EUR 2 million in secured funding: To ensure that the competition supports early-stage startups, businesses with more than EUR 2 million in funding will not be eligible. This cap helps focus on startups that need seed funding or early-stage support.
Upon selection, startups will collaborate with either DEG Impulse gGmbH or Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. Both organizations have extensive experience in entrepreneurship support, offering valuable mentorship, resources, and networking opportunities to help businesses grow. Their support is focused on fostering social impact and sustainable development within developing countries.
Name of Host Institution
develoPPP Ventures
Requirements / Eligibility Criteria
- The company must be registered in the target country OR plans to register there prior to the investment.
- The company must be privately owned and profit-oriented with a focus on long-term sustainability.
- At least one annual financial statement must be provided to demonstrate the company’s financial viability.
- A viable business plan and financial plan are required to ensure that the startup has a clear path toward growth and success.
- The company should be operational, with evidence of first revenues and a proof of concept.
- The startup should not have secured more than EUR 2 million in funding to date. This ensures that the competition focuses on startups that are in the early stages of their funding journey.
Deadline
31st December, 2024
Apply HERE
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