develoPPP Ventures, in collaboration with VC4A and Viktoria Ventures has announced the call for applications for its 6th. Cohort program designed to support startups in scaling their innovative businesses and achieving sustainable impact.
develoPPP Ventures provides grants of 100,000 euros as well as tailor-made technical support to eligible startups in developing and emerging economies. In Kenya, the program is implemented by DEG Impulse with funds from the German Federal Ministry for Economic Cooperation and Development (BMZ).
To be eligible for funding, startups must have generated first operating revenues, have a sound business and financial plan, provide at least one annual financial statement and be in advanced discussions with additional investors for matching funds.
“We are thrilled to launch Cohort 6 of the develoPPP Ventures program in Kenya, adding more startups to our current portfolio of 25 Kenyan companies,” said Julia Stausberg-Umuerri, DEG Impulse. “We believe that startups have the potential to transform the Kenyan economy and create a more sustainable and prosperous future. Given the challenges that early-stage startups face in raising risk capital, our program is committed to helping attract private investors and support Kenyan startups in achieving their growth and impact goals.”
“Viktoria Ventures is proud to partner with DEG Impulse and VC4A to support another cohort of the develoPPP Ventures program,” said Stephen Gugu, Viktoria Ventures. “We are committed to nurturing innovation and driving social and environmental impact in Kenya. We believe that the startups that are part of this program Cohort 6 startups have the potential to make a real difference in the lives of Kenyans.”
The application process for Cohort 6 is open and will close on December 31, 2023. To learn more and apply, please visit the develoPPP Ventures website. Startups that are women-led or that promote gender equality are especially encouraged to apply.