Programme description

Objective: The program aims to empower entrepreneurs for sustainable development. This guarantee will boost private investment in innovative start-ups that use digital technologies to offer services to people who currently have little or no access to them. For example, small-scale farmers and agribusinesses will benefit from socalled agri-tech solutions.

Activities: It will also benefit people working in the so-called informal economy. This includes activities such as bartering, odd jobs, and street trading, which aren’t recorded for tax purposes. Services which these start-ups could provide include digital payments and off-grid electricity for street vendors.

Find out more about this project

Budget (mio €)
EFSD Guarantee: Up to €45 million
Target group

Innovative start-ups that use digital technologies to offer services to unpreviledge people or the ones working in the informal economy

Implementation
Entrepeneurial Development Bank (FMO)
Start (year)
2019
Funding
European Fund for Sustainable Development (EFSD)