Africa: develoPPP Ventures launches $107k funding grant for African startups

Startups in Ghana, Kenya, Nigeria and Tanzania have been offered the chance to scale their impact-driven companies and receive a grant investment of up to EUR100,000 (US$107,000) from develoPPP Ventures.

On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), and implemented by DEG Impulse, develoPPP Ventures aims to empower startups with entrepreneurial support and grants.

The open call for the programme’s latest cohort is open to startups in Ghana, Kenya, Nigeria and Tanzania with innovative business models and a sustainable economic, ecological, or social impact in these countries. In line with BMZ’s focus on female empowerment, the programme especially encourages women-led startups and startups promoting gender equality to apply.

Since the grant is targeted towards growth investments, startups applying should have achieved a proof of concept and are ready to scale. Applications are open here until June 30.