search

The Minister of Cooperation and Humanitarian Action, Franz Fayot, and Carlo Thelen, CEO / Director General of the Chamber of Commerce, launched last Friday, February 28, 2020, the 5th edition of the Luxembourg Business Partnership Facility (BPF). Organised at the Chamber of Commerce, the event was attended by nearly 130 people, the vast majority of whom were entrepreneurs. BIM e-Solutions and UPTION, two companies that benefited from the initiative, gave an update about their experience to an interested audience.

BPF is a financing facility aimed at encouraging the Luxembourg and European private sector to cooperate with partners in developing countries to set up sustainable commercial projects. Co-financing takes the form of a donation which can reach up to 50% of the total budget of a project, without however exceeding the threshold of 200,000 euros. It contributes to the development and creation of jobs in developing countries and / or to the transfer of technology.

Several sectors are eligible: CleanTech, eco-innovation and circular economy; Space; Fintech; HealthTech; Mobility and Logistics; Information and communication technologies (ICT).

Minister Fayot explained the role, responsibility and opportunities for the private sector to build these new markets and help address the challenges of sustainable development. He also highlighted the many benefits of these partnerships for the private sector, particularly in terms of job creation, innovation, investment and capacity building.

Carlo Thelen, for his part, reiterated the support of the Chamber of Commerce and underlined the excellent collaboration between the Directorate for Development Cooperation and Humanitarian Action, LuxDev, the Ministry of the Economy and the Chamber of Commerce in the context of the BPF: “This intelligently combines the tools of the Directorate of Cooperation with the efforts of the Chamber of Commerce and the Ministry of the Economy in promoting internationalisation.”

Representatives of BIM e-Solutions and UPTION, two companies that benefited from BPF in previous editions, testified to their respective experiences during a panel discussion, followed by questions from participants.

The call for applications for the 2020 edition of BPF is open until May 8, 2020.
Information is available at: www.bpf.lu

Read more

Discovering Luxembourg

05-08-2022

Hills, forests and unique rock formations, medieval castles, UNESCO World Heritage sites and places that witnessed the birth and key progress of the European Union: Luxembourg has much to offer the curious visitor. This truly cosmopolitan country with a long tradition of welcoming people from abroad also provides old and new residents with an excellent quality of life.
Read more

Investor care platform

29-07-2022

Investing abroad is a challenging endeavour. In case you are interested in opening an office or setting up a global or European headquarters in Luxembourg, the partners of Luxembourg Trade & Invest offer a range of high-quality, free services to support you every step of the way and help make your venture a success.
Read more

A gateway for Europe

27-07-2022

South African national Richard Forson, President and CEO of Cargolux Airlines International, has been living in Luxembourg since 2012. We spoke to him about his experience of living and working in Luxembourg.
Read more

Launch of the first call for projects in the field of High-Performance Computing

25-07-2022

The Ministry of the Economy announced the launch of a new joint call for projects, in partnership with the Fonds national de la recherche (FNR) and Luxinnovation, in the field of high-performance computing.
Read more

700 road mobility companies in Luxembourg

22-07-2022

A recent mapping of Luxembourg’s automotive sector covers no less than 700 mobility companies, ranging from large international groups to numerous SMEs and disruptive start-ups.
Read more

All news

Close