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Business Partnership Facility For Business Initiatives With Social Impact On SDGs

Business partnership Facility

The King Baudouin Foundation is calling for application for the Business Partnership Facility program. This is a program that seeks to invest in entrepreneurial business initiatives with a strong social impact that is contributing to the Sustainable Development Goals.

So, if you have entrepreneurial initiatives that can impact SDGs goals, apply now.

See Also: Lagos State Government Approves Internship Program For 4,000 Unemployed Graduates

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

About Business Partnership Facility

The Business Partnership Facility is initiated and financed by the Belgian Directorate-General for Development Cooperation (DGD). The aim is to stimulate private sector involvement in achieving the SDGs in developing countries. The initiative provides a non-refundable grant between £50,000 and £200,000 that represents a maximum of 50% of the total investment.

Basically, BPF is looking for viable, entrepreneurial business initiatives with a strong social impact. These are social impact, contributing to SDGs such as;

  1. Creation and maintenance of decent jobs
  2. Improvement in average income for low-income families
  3. Accessibility to affordable goods and services
  4. Inclusion and economic development of women and young people
  5. Positive impact on the environment through saving resources, reducing emissions, and/or preserving biodiversity.

Economic viability:

Partnerships must clearly demonstrate the submitted initiatives are:

  1. Able to become self-sustainable
  2. Scalable
  3. Replicable

See Also: YALI RLC West Africa Emerging Leaders Program 2020 For Young Africans

Who Can Apply

The application can preferably be partnerships that bring together actors from the private sector, civil society, academia, and/or the public sector. This partnership should consist of a minimum of one business partner.

Then, projects must take place in one of the developing countries with Nigeria inclusive, but partners can be Belgian, European, or international legal entities, under public or private law.

Also, the project must be part of the ‘core business’ of the business partner involved.

See Also: CBN Releases List Of Eligible/Ineligible Businesses To Apply For The N75 Billion Nigeria Youth Investment Fund

Prize

By participating, you can have a financial support of up to £200.000.

The deadline for application for the Business Partnership Facility is February 11, 2021. After which announcement of selection will be June 30, 2021. If you find interest, apply using this link;https://www.kbs-frb.be/en/Activities/Calls/2021/20181211_MG_001

See Also: School Enterprise Challenge 2020 For Next Generation Of Entrepreneurs

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