Apply for Pure Growth Fund To Receive €250000 In Total Grants

Key Highlights

• The Pure Growth Fund, managed by REEEP, is currently accepting applications
• The fund offers incentive capital ranging from €250,000 to €1,000,000
• The current call for proposals is specifically for companies registered in Tanzania
• The fund specifically targets for-profit, growth-stage companies

The Pure Growth Fund, managed by REEEP, is currently accepting applications for grants focused on accelerating the Productive Use of Renewable Energy (PURE) within Tanzania’s agri-food systems.

This initiative aims to unlock low-emission development pathways and support the sustainable growth of clean energy SMEs and agribusinesses in Tanzania

Grant Details:

Grant Amount: The fund offers incentive capital ranging from €250,000 to €1,000,000 per company over a three-year period, along with technical assistance and policy engagement.

Focus:

The fund specifically targets for-profit, growth-stage companies that integrate PURE technologies into agri-food value chains.

This can include technologies for irrigation, harvesting, processing, storage, and transport, as well as bio-energy systems.

Location: The current call for proposals is specifically for companies registered in Tanzania.

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Eligibility Criteria:

To be eligible for the Pure Growth Fund, applicants must meet the following criteria:

Be a for-profit company legally registered in their country of jurisdiction.

• Have an established legal entity in Tanzania, or be able to set one up before a contract is signed.
• Demonstrate that productive use technology is already at the core of their business or will be sufficiently additional to their core business for scale-up.
• Be in a growth stage of development, with financial statements showing a minimum revenue of €50,000 and a maximum revenue of €10,000,000 from main operating activities in the last financial year (2024) or the TZS equivalent.
• Demonstrate co-financing in their business plan.
• Not be involved in prohibited sectors under this fund.
• Provide all required application documents in English.

How to Apply :

Applications need to be submitted online through REEEP’s Climate Invest portal.

Important Note: The Pure Growth Fund specifically targets companies in Tanzania.