It’s official now: our new cohort of start-ups in Tanzania is set and we welcome Plant Biodefenders and Damu Sasa into our fold as the third cohort of Impacc ventures. Plant Biodefenders has developed an fungal-based organic pesticide that increases harvests and protects the environment; and Damu Sasa is a blood bank that helps hospitals stock the right blood units at the right time. The three companies prevailed in our extremely careful selection process because they have everything we’re looking for: great founders, good business ideas that improve lives – and a need for capital that the market doesn’t (yet) provide for. Now our real work begins: my colleague Anne Lawi is putting together a venture building team in Tanzania to help the start-ups not only with money but also with expertise; the German team is getting down to fundraising so that we can soon provide the companies with the promised equity (on average just under 100k EUR per start-up); and the Kenyan team is integrating the new candidates into our existing network of pro bono partners and experts.
New Impacc Ventures in Tanzania
By Till Wahnbaeck
August 19, 2023
About Till Wahnbaeck
Till Wahnbaeck
Ex-CEO of Welthungerhilfe and private sector General Manager, champion of innovation.
Till ran both for profit companies and a global NGO and has always strived to bridge the gap between the social and the private sector. As global CEO of Welthungerhilfe (a German food- and nutrition-security NGO with 2,500 staff in 40 countries and a budget of 250mio$), he championed innovation and impact. Previously, as Marketing, Sales and Innovation Director for consumer goods company, Procter & Gamble, he built innovation methods and processes to rejuvenate P&G’s global salon portfolio.
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