Kenyan startups can apply for grants of as much as $113k
Kenyan startups have been invited to use for grants of as much as EUR100,000 (US$113,000) from the second cohort of the develoPPP Ventures programme.
The develoPPP Ventures programme was launched earlier this yr on behalf of the German Federal Ministry of Financial Cooperation and Growth and is carried out by DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH.
It goals to empower startups with entrepreneurial help and a grant of as much as EUR100,000 for development investments, and is in search of startups with progressive enterprise fashions and sustainable financial, ecological or social impression in a growing or rising nation. Startups making use of ought to have achieved a proof of idea and be able to scale.
develoPPP Ventures was initially launched in Kenya, although the programme shall be steadily expanded to cowl extra international locations. The rollout in Kenya is supported by impression funding specialist Seedstars and enterprise incubator NaiLab. Startups can apply right here till December 31.