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DEVELOPPP VENTURES IDEAS COMPETITION
Innohub | Status: Ended
Amount: up to EUR 100,000

DEG Impulse gGmbH and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH with funds from the German Federal Ministry for Economic Cooperation and Development (BMZ) support young companies to scale innovative business models in Ghana, Kenya, Nigeria and Tanzania that create positive impact and contribute to achieving the United Nations’ Sustainable Development Goals (SDGs).

Assessment criteria
Innovation: The business model is innovative with regard to the target country
Scalability: The company has a high growth potential due to the size of the market and the target group
Financial Sustainability: The break-even point will be reached timely (maximum within 3 years)
Adequate Management: The company has the necessary expertise as well as management capacity and human resources to substantially scale its business
Developmental Impact:
• The business model has a significant developmental relevance
• The impact is measurable, i.e. positive effects on the target groups
• The company is contributing to reaching the SDGs by increasing local income, saving natural resources, improving access to resources and services, and creating decent jobs

Deadline: June 30, 2023

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