Tech

develoPPP Ventures launches $102k funding grant for startups in Kenya, Tanzania

202211 develoPPP Ventures IW Q4 Kick off LinkedIn Post EN scaled

Startups in Kenya and Tanzania have been offered the chance to scale their impact-driven companies and receive a grant investment of up to EUR100,000 (US$102,000) from develoPPP Ventures.

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

The open call for the programme’s fourth cohort is open to startups in Kenya 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.

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

“We come across so many exciting solutions to local and global challenges to leave no doubt that a social and ecological transformation is possible and already happening. Helping the most impactful startups walk through the valley of death and enable them to reach more people and attract other investors is at the core of our program,” said Julia Stausberg-Umuerri of DEG Impulse. 

Applications are open here until December 31.