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KOSOVO - Inspiring Pitch Days for LuxAid Demonstration Fund and LuxAid Challenge Fund in Kosovo
The call for proposals under the LuxAid Challenge Fund (LCF) and the LuxAid Demonstration Fund (LDF) in Kosovo has reached an exciting milestone with the recent Pitch Days held in Pristina — a pivotal moment where pre-selected enterprises pitched their projects to the Preselection Committee.
Out of nearly 200 applications, 19 candidates were shortlisted - 10 for the LDF and 9 for the LCF. These businesses presented innovative solutions aimed at tackling major societal challenges related to circularity, digitalisation in the manufacturing sector, as well as digitalisation in education, healthcare, and mobility.
The Preselection Committee, composed of representatives from the Luxembourg Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade, the Kosovo Ministry of Industry, Entrepreneurship and Trade (MIET), the Kosovo Credit Guarantee Fund (KCGF), and LuxDev, commended the quality and dedication of the project leaders.
Next step: On-site due diligence
Seven candidates from each fund will now undergo a thorough due diligence process, including on-site visits.
Financial support to boost projects’ growth
At the end of this process, three to four winners will be selected for each fund. The selected businesses will benefit from co-financing of up to €350,000 for the LDF and €120,000 under the LCF.
Stay tuned: Winners to be announced in July!
A warm thank you to the Committee members for their dedication to this initiative, which fosters entrepreneurial innovation in support of sustainable development in Kosovo.
The LuxAid Challenge Fund and the LuxAid Demonstration Fund are initiated and financed by the Directorate for Development Cooperation and Humanitarian Affairs of the Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade, and are implemented by LuxDev, the Luxembourg Development Cooperation Agency.
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