As part of the Business Partnership Facility (BPF), the Luxembourg Development Cooperation launches a new call for proposals, open to Luxembourg and EU-based enterprises.
Offering co-financing of up to €200,000, the objective is to support the development of partnerships between European businesses and entities based in a developing country. The call is centred on innovative projects that drive commercial success and contribute to the Sustainable Development Goals (SDGs).
The BPF opens doors for European players to explore new business opportunities through development cooperation.
Co-funding is provided in the form of a grant that aims to encourage partnerships between Luxembourg or European companies and partners (companies, administrations or civil society) based in developing countries. It can cover up to 50% of the total project budget, up to a maximum limit of €200,000.
The BPF is initiated and funded by the Directorate for Development Cooperation and Humanitarian Affairs of the Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade and implemented by LuxDev, the Luxembourg development cooperation agency, in partnership with the Chamber of Commerce, Luxinnovation and the Ministry of the Economy.
Since its launch in 2016, this programme has supported 44 projects carried out in partnership between European businesses and entities based in over 20 developing countries.
The BPF targets solutions addressing key societal challenges in partner countries: poverty, food security, climate change, quality education, decent work, job creation, access to clean water, and more.
The goal is to bring the benefits of innovations "Made in Luxembourg" to developing countries and establish mutually beneficial partnerships.
The BPF targets Luxembourg or EU-based enterprises, created at least 3 years ago, with a minimum turnover of €500,000 (or three times the amount of the requested co-financing), and employing at least 5 people.
Interested enterprises have until 31 October 2024 to submit their applications online on the new platform. A shortlist is made based on these applications and the selected enterprises will then be invited to submit detailed proposals. The final selection will be made in Spring 2025.
