With the Up-Scaling Programme, DEG finances new investments of early-stage SMEs aimed at scaling innovative business models with high development impact. The promotional programme is implemented by DEG is part of the “Partners in Transformation” offer of the Federal Ministry for Economic Cooperation and Development (BMZ).
The programme addresses companies that fulfill the following requirements:
In 2022, the DEG Up-Scaling programme enabled transformative changes through eleven new financing commitments totalling 57 active investments. Approximately one million people gained improved access to energy and around 40,000 tons of greenhouse gas emissions were saved. Despite the challenges of the COVID-19 pandemic, up-scaling companies improved access to healthcare for over eight million people and strengthened 4,926 medical facilities.
The financed companies created 1,382 new jobs, with 53% going to women, and facilitated access to financial services for 2.3 million people. With the help of the Up-Scaling programme, we promote sustainable development at various levels. The programme particularly contributes to the Sustainable Development Goals (SDGs) 3, 5, 7, 8, and 9.