The Private Adaptation Investment Bootcamp (PrivABoo) – implemented by the German aid agency GIZ – supports growth-stage small- and medium-sized enterprises (SMEs) with adaptation and resilience solutions to raise capital and investment for entry into new markets or market segments and to scale-up for maximum development and climate change adaptation impacts.
Applications are now open for the next cohort kicking off in May 2023. SMEs registered or operating in Kenya, Nigeria, Rwanda or Pakistan that offer climate adaptation and resilience solutions can apply through the online application form. The deadline is Sunday, 2 April 2023.
Selected applicants receive investment readiness support and capacity-building over a period of 18 months until the end of 2024 with the explicit objective to raise capital and investment by a professional investor by the end of the program.
To be eligible to apply, applicants must meet the following criteria:
- Have read and understood the call’s terms and conditions.
- If selected, agree to the call’s required commitments during the implementation period as laid out in the terms and conditions.
- Be a small- and medium-sized enterprise (SME) with fewer than 250 employees, and a turnover of less than $50 million, or a balance sheet total of less than $43 million.
- Be registered or operating as an entity in Kenya, Nigeria, Rwanda or Pakistan.
- Be at least growth-stage, meaning a minimum viable product in the market and active customers.
- Have a revenue average over the last two financial years of not less than $50,000.
- Have a business solution or innovation that helps others adapt to the impacts of climate change or build resilience.
Applicants will be evaluated against business model, financials, adaptation and resilience impact, inclusivity and gender relevance.