The Business Partnership Facility (BPF) has recently launched its tenth edition, providing a golden opportunity for Luxembourg and European Union (EU) companies to engage in commercially sustainable and innovative projects for which they can get a co-financing grant of up to 50%.
Initiated and financed by the Directorate for Development Cooperation and Humanitarian Action of the Ministry of Foreign and European Affairs and implemented by LuxDev, the BFP is a co-financing facility that aims to support companies in exploring new markets while contributing to international development.
The BPF could be of special interest to startups with a social impact focus. Indeed, RSS-Hydro benefitted from the grant, describing its impacts as “a real motivating factor” enabling them “to provide a concrete response to the needs of vulnerable populations”.
Active since 2016, the BFP has already supported 39 projects in a wide range of countries in partnership with the Chamber of Commerce, Luxinnovation and the Ministry of the Economy.
To get access to a co-financing grant of up to 50% of the project budget (with a maximum of €200k), projects need to be commercially viable, support the transfer of know-how and technologies, demonstrate feasibility, or pilot innovative projects as well as contribute to the SDGs. They must also be led by Luxembourg or EU companies and partner with entities based in developing countries.
To get access to the financing, download the application form. The submission deadline is 31 October.
