Tuesday, May 28, 2024
HomeContestBusiness Partnership Challenge 2024 – Challenge for Sustainable Business Practices in Developing...

Business Partnership Challenge 2024 – Challenge for Sustainable Business Practices in Developing Countries

Application Deadline: June 3rd, 2024

The “Business Partnership Challenge 2024 – Challenge for Sustainable Business Practices in Developing Countries” is an initiative of the Austrian Development Agency (ADA), the operational unit of Austrian Development Cooperation, based on the ADA Business Partnership Programme.

With this call for proposals, ADA offers grants up to € 1,000,000 to enterprises registered in Austria/EEA+, co-financing up to 50% of the costs of eligible development projects designed and implemented by applicants and their local partners. Following the principles of the Inclusive Market System Development Approach (IMSD), ADA encourages enterprises to submit project proposals for both socially and environmentally sound projects in partner countries. This call for proposals will be implemented by means of a two-staged process. Project funding is subject to creditworthiness and the commercial viability of the project related business plan as well as applicants’ experience in the partner country.  

Requirements

Eligible to apply for funding are, exclusively, • enterprises, • voluntary associations and non-profit foundations, under the proviso that development cooperation forms part of their statutory purposes and actual business activities, as well as
• chambers, under the proviso that they engage in development cooperation in the meaning of section 2 par. 3 of Austria’s Development Cooperation Act, • in the European Economic Area (Austria/EEA+) or Switzerland.

Prize

  • – Amount of available funds A total amount of EUR 5,000,000 has been earmarked for the Business Partnership Challenge 2024.
  • – ADA provides grants between EUR 500,000 (min.) and EUR 1,000,000 (max.) per project and contributes a maximum of 50 percent of the total project costs. In every case, applicants must contribute at least 50 percent of the total project volume.

More Info: Business Partnership Challenge

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular