Business Partnership Facility, the new project of the Luxembourg Cooperation
The Luxembourg Ministry of Foreign and European Affairs has launched a new project: “Business Patnership Facility” (BDF), an initiative to support the private sector contributing to the development cooperation and the job creation.
BDF is a financing facility that aims to promote the Luxembourg and European companies to work together with partners in developing countries to implement sustainable business opportunities. Its annual budget is 1.000.000€. The co-financing, considered as a grant, can be of up to 200,000 euros and will cover up to 50 % of the total project.
The eligible business sectors are:
ICT Information and Communication Technologies
Biohealth
Fintech
Eco-innovation
Targerted countries are:
BDF targets all developing countries but countries where Luxembourg is present, will be favored, namely:
