The Business Partnership Facility (BPF) has officially launched its latest open call, offering an exciting co-financing opportunity for innovative Luxembourg and EU-based enterprises.
The initiative aims to drive impactful collaborations between European companies and local entities in developing countries, fostering sustainable and commercially viable projects with a strong social and environmental impact.
Driving Innovation in Developing Countries
The BPF seeks to catalyze innovation in developing regions by supporting partnerships that facilitate technology transfer, skills enhancement, and knowledge sharing. Through these collaborations, businesses can introduce groundbreaking solutions to address pressing challenges such as climate change, food security, and economic development. By fostering North-South cooperation, the BPF ensures that expertise, technology, and best practices are shared effectively, ultimately improving living conditions and promoting sustainable growth.
Successful BPF-Supported Projects
Several projects have already benefited from BPF co-financing, showcasing tangible impacts in different sectors:
- Spatial Modeling to Combat the Effects of Flooding – Utilizing advanced geospatial technology to mitigate flooding risks and enhance disaster resilience.
- An Impactful Insurance Solution for Breeders Facing Climate Change Risks – Offering tailored insurance products to protect livestock farmers from climate-related financial losses.
- Accelerating Kenya’s E-Mobility with Smart, Sustainable Batteries – Supporting the adoption of electric vehicles through innovative battery solutions.
- Leveraging Kosovo’s Talents to Bridge Luxembourg’s Finance Skills Gap – Developing financial expertise in Kosovo to meet Luxembourg’s growing market needs.
- Genius Watter in Cabo Verde – Deploying solar-powered refrigeration and ice production infrastructures to assist local fishermen in preserving their catch, reducing waste, and increasing their income.
- LH Packaging in Kosovo – Establishing an organic nut processing and packaging chain to promote sustainable agricultural production with high local value addition.
- EFFICO in Tanzania – Advancing sustainable coffee production through modern irrigation techniques, improving both quality and farmer earnings.
For more details on these projects, visit LuxAid Business 4 Impact.
Eligibility Criteria and Application Advice
To qualify for BPF co-financing, businesses must meet the following criteria:
- Be a Luxembourg or EU-based enterprise registered for at least three years.
- Have a minimum turnover of EUR 500,000 or three times the amount of the requested co-financing.
- Employ at least five people.
- Partner with a committed local entity in a developing country.
Tips for a Successful Application:
- Select the Right Partner: Invest time in identifying a reliable local partner with aligned interests and mutual commitment. A strong relationship is crucial for project success.
- Assess Market Opportunities: Use the BPF’s two-stage process to conduct thorough market research and validate demand in the target country.
- Engage with Stakeholders: Interact with end-users and key stakeholders to ensure that the proposed solution effectively addresses societal challenges and maximizes its impact.
Apply Now!
The BPF provides a unique opportunity for European businesses to expand into developing markets while creating lasting social and economic benefits. If your company is looking to make a meaningful impact through innovation, don’t miss this chance to apply for co-financing support.
For more information on the application process and deadlines, visit LuxAid Business 4 Impact.
