Kenyan startups have been invited to apply for grants of up to EUR100,000 (US$113,000) from the second cohort of the develoPPP Ventures programme.
The develoPPP Ventures programme was launched earlier this year on behalf of the German Federal Ministry of Economic Cooperation and Development and is implemented by DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH.
It aims to empower startups with entrepreneurial support and a grant of up to EUR100,000 for growth investments, and is looking for startups with innovative business models and sustainable economic, ecological or social impact in a developing or emerging country. Startups applying should have achieved a proof of concept and be ready to scale.
develoPPP Ventures was initially launched in Kenya, though the programme will be gradually expanded to cover more countries. The rollout in Kenya is supported by impact investment specialist Seedstars and business incubator NaiLab. Startups can apply here until December 31.