VC4A’s Post

Transcript

Hi, my name is Wilfred Mworia. I work with ViKtoria Ventures. We are the local implementing partner for in Kenya for the develoPPP ventures program which is operated by DEG KFW DEG Impulse. The program is a matching fund grant targeted at early stage, innovative and impactful ventures that are tackling anyone of the SDG's. The program is available in Kenya, Rwanda and Tanzania and we are speaking and we're reaching out especially to you as an early stage investor if you have either made an investment or you're looking to make an investment in a company that is innovative, that is impactful, that is tackling anyone of the SDG's in a very clear way. The program provides up to ���100,000 in non dilutive funding for startups. But this funding is matching, it's meant to be matched by private sector finance or finance from other sources that are commercial capital, because what the program is looking to do is to mobilize and to catalyze more private capital towards impactful and innovative ventures. Um, we provide up to 100,000 that's meant to be matched at least equally by other sources of funding and up to 50% of that matching funding is supposed to be in the form of equity or quasi equity instruments. And the other 50,000 could be informal grants that for any other instrument, but needs to be fresh capital that's coming into the company. So we are reaching out to you as Allstate investors in the ecosystem in Kenya, Rwanda and Tanzania if you know about startup or if you are. Investing in a startup and you're looking to mobilize additional capital that is non dilutive for the company you're investing in? We'd love to hear from you. We have your permission below this video that will give you more information about the the, the program, what we offer and the procedure for applying and so on. So please refer any startups you have in your portfolio or that you know of and you can find out more information, as I said, at the website. Think that's provided to you. Thank.