The LuxAid Challenge Fund is a new initiative from Luxembourg’s development cooperation agency aimed at supporting pioneering approaches to development challenges, thereby helping to improve living conditions and protect the environment. Through this first call for projects, up to 15 companies from Burkina Faso, Mali and Senegal proposing an innovation in food security or distance learning will be selected.
⏳Closing date
08/01/2024
💡Program targets
The call for projects targets early-stage companies that have already tested their product or service on the market with initial customers and have therefore achieved commercial revenues. Co-financing from the Challenge Fund will support companies to set up projects lasting 1-2 years and to tackle the following challenges : commercialization, matching the business model to the market, growing the customer base, strengthening teams, preparing for a first external investment.
🎁Program benefits
Companies selected through the call for projects will be eligible for project co-financing of between EUR 50,000 and EUR 140,000, representing a maximum of 70% of total project costs, including costs dedicated to technical assistance.
🌐Application
Before applying, please take the time to carefully read the detailed terms and conditions of participation in the Program, as well as all the eligibility criteria, available HERE.
➡️ Apply HERE
Find out about other available calls for applications, Click HERE