How to Apply for develoPPP Ventures in C?te d’Ivoire: Your Quick Start Guide

French version is available at the following link.

The develoPPP Ventures program provides innovative and impact-driven startups in C?te d’Ivoire with a unique opportunity to scale their businesses. With €100,000 in non-dilutive catalytic funding, this program can accelerate your company’s growth and impact.?

Why Apply? Key Benefits of develoPPP Ventures?

• Non-Dilutive Growth Funding: Retain ownership while securing growth capital.?

• Access to Expertise: Benefit from mentoring and business development support.?

• Networking Opportunities: Join a community of like-minded entrepreneurs and connect with investors.?

• Visibility: Gain recognition as a funded develoPPP Ventures startup.?

Here’s a quick yet comprehensive guide to help you navigate the application process, understand the eligibility requirements, and submit a strong application.?

Want to ask us a question? Register for our upcoming webinar! Date and time will be announced soon via email and LinkedIn (@GreenTec Capital Partners).??

Webinar Registration Form: https://forms.office.com/e/CHmXL8ky3e?

Are You Eligible? Key Criteria and Insider Recommendations?

To qualify for develoPPP Ventures funding, your startup must meet specific eligibility requirements. Here’s a breakdown:?

1. Registration & Profit Orientation?

Since this opportunity is targeted at local entrepreneurs, your company must be registered in C?te d’Ivoire, or you must be in the process of registering it as such in C?te d’Ivoire. Conclusion of contract will only be possible with a locally registered entity.?

It must be privately-owned and profit-oriented, meaning it operates with the intention of generating income. Non-profit organizations are not eligible.?

develoPPP Ventures places a special emphasis on empowering women entrepreneurs! Women-led startups and startups actively promoting gender equality within their businesses are strongly encouraged to apply (refer to the criteria of the 2X Challenge).?

Startups across most sectors, including sole proprietorships, are welcome, provided they are profit-driven and meet the financial criteria. ?

2. Business Maturity

The company must be operational and have at least one annual financial statement, meaning it should have been registered for at least one year.??

A proven business model is essential. Your startup should demonstrate a clear Proof of Concept, showing that it has achieved initial revenues, validated its market potential, and put together a viable operational and human resourcing model.?

A viable business and financial plan should be provided, outlining your growth strategy for the next 3 years.?

While the funding is non-repayable, startups must demonstrate clear growth plans and financial sustainability to qualify.?

3. Investment History

Your startup must not have acquired more than €2 million in total funding to date.??

The develoPPP Ventures program targets early-stage businesses or those in the growth phase rather than well-established companies. If your company has already raised more than €2 million, you would not be eligible for this specific funding.?

Additionally, your startup should demonstrate its ability to attract investor interest.?

Evidence of discussions or commitments from investors not only strengthens your matching-funds case but also highlights your business’s credibility and scalability.?

4. Matching Funds?

The program operates on a matching-funds model, meaning you must secure additional funding (in the form of cash injection from other investors) equal to the €100,000 provided by develoPPP Ventures as a proof that you have convinced other financiers of your business model.?

These can come from external investors or shareholder contributions registered as equity. If you're still in discussions with potential investors, you should be able to provide evidence of advanced negotiations to demonstrate feasibility.?

Matching funds already received up to six months before the application can be considered as long as they are still available for the develoPPP Ventures investment. The external capital must have been received at the latest by the time of disbursement of the develoPPP Ventures funds.?

The use of funds takes place in C?te d’Ivoire.?

You don’t need to have all the funds secured at the time of application, but evidence of advanced discussions with investors is essential to demonstrate feasibility.?

5. Complete Documentation?

To maximize your chances of success, compile and submit a complete and credible application. Missing or incomplete documents can significantly lower your chances.?

Key Documents to Prepare:?

• Business Registration Certificate: Proof of registration in C?te d’Ivoire.?

• Updated Pitch Deck: Highlight your business model, market opportunity, and growth plan.?

• Comprehensive Business Plan: Provide detailed projections and a clear roadmap for scaling your business within the next three years. The investment proposal must be financially sound, with the purpose of funding clearly defined.?

• Matching Funds Evidence: Demonstrate your ability to meet the matching funds requirement.?

• Financial Performance: Provide management reports, or audited financial statements, for the past two years of your business.?

• Financial Projections: Show how the funding will enable growth and profitability.?

Start preparing your financial records early, even if your business is new, to meet due diligence requirements if shortlisted. Business plan, financial projections, and matching funds evidence will be thoroughly evaluated at the due diligence stage.?

Selection Criteria: What Sets Strong Applications Apart??

The evaluation process prioritizes startups that have:?

• High-Growth Potential: Develop products or services that leverage tech solutions with a clear growth trajectory and ability to expand operations effectively.?

• Competent Team & Transparency: Provide accurate and honest financial data and have the necessary expertise, management capacity, and human resources to substantially scale its business?

• Development Impact: Demonstrate how their businesses solve significant problems and contribute to societal or environmental improvement by outlining relevant impact and sustainability measures.?

• Innovation & Scalability Potential: The business model is innovative and has a high growth potential due to the size of the market and the target group.?

• Financial Sustainability: Exhibit a solid financial foundation with realistic revenue projections and the ability to break even within a maximum of three years.?

The company is creating impact by increasing local income, saving natural resources, improving access to resources and services, and creating decent jobs.?

Apply Before December 31st and Scale Your Impact?

Don’t miss the chance to take your startup to the next level. By applying for develoPPP Ventures, you’ll join a growing network of African entrepreneurs driving innovation and creating meaningful impact. Take Action Now:?

• Visit the develoPPP Ventures website to learn more and access the application portal?

• Thoroughly review conditions for participation

• Register for our upcoming webinar
• Submit your application before December 31st to be considered for this transformative funding opportunity?

develoPPP Ventures Application Timeline?

The following timeline will give you more clarity about what to expect after submitting your applications:?

• Step 1: Application Submission: Deadline on December 31st.?

• Step 2: Shortlisting & Selection: You will know if your application has been selected to proceed to the pitching stage in February 2025.??

• Step 3: Pitch Event: You will pitch your business in front of an expert jury in March 2025.?

• Step 4: Due Diligence (DD): Late March 2025. Only selected applicants will proceed to onsite DD. The management team must be available on the ground.?

• Step 5: Contract Preparation: April to May 2025. Only selected applicants will proceed to the contracting stage.?

• Step 6: Capital Disbursement & Start of Business Development Support: Q3 2025. Matching funds verification and initial capital disbursement.?

Engage Early and Take Advantage of Resources?

Want to learn more about the program and application process?

Register for our upcoming webinar. Attention! Only registered individuals will be able to participate in the webinar. The date and time will be announced soon via email and on LinkedIn (@GreenTec Capital Partners).?

Webinar Registration Form: https://forms.office.com/e/CHmXL8ky3e?

Alternatively, write us at [email protected]