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New initiative: Business Project Development

New initiative provides opportunity for support towards developing project opportunities in developing countries.

The SUMAR chocolate factory collaborates with Rasmus Bo Bojesen’s firma Olialla in Denmark. The chocolate is manufactured from cocoa beans harvested in the rainforest. Almost all employees at SUMAR are women.

The SUMAR chocolate factory collaborates with Rasmus Bo Bojesen’s firma Olialla in Denmark. The chocolate is manufactured from cocoa beans harvested in the rainforest. Almost all employees at SUMAR are women.

Photo: Klaus Holsting/Danida

Business Project Development is a new initiative that supports Danish enterprises in developing project opportunities in developing countries, where business and investment are often associated with relatively large costs and risks compared to more established markets. The activity can lead to trade cooperation, partnership, projects or investment within the GoGlobal collaboration between Danida, the Trade Council, IFA and EKF.

The Business Project Development scheme provides support for the preparation of studies, market research, project development, business plans, testing of equipment and similar. The support is provided in the form of reimbursement of costs for salaries, consulting fees, travel expenses and product development. The support comprises 75 per cent of incurred costs up to a maximum of DKK 750,000.

The scheme is available in Danida priority countries where Denmark is represented by an embassy, where the commercial opportunities are present and where the security situation makes it possible to conduct business.

The planned activities must address local development needs and focus on green growth and corporate social responsibility. The activity should lead to new jobs in developing countries and will often have positive side-effects on employment and business in Denmark.

The applicant must be a Danish enterprise with the necessary financial and technical capacity as well as adequate international experience to implement the planned commercial activity.

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