Danida Business Explorer provides financial support to Danish companies who wish to investigate a specific business opportunity in certain developing countries. The proposed project must address a development need in the developing country and must focus on contributing to the Sustainable Development Goals.
DKK 10 million has been allocated for new projects in 2017. Deadline for submitting applications to the first application round is 31 March 2017. The next application round be on 31 August 2017.
Danida Business Explorer gives financial support to part of the Danish company’s costs related to an investigation of a specific project in the developing country. The maximum financial support is 50 % of the total actual costs with a maximum of DKK 500,000. General market studies and analysis cannot be financed under Danida Business Explorer, and it is therefore assumed that the company has already identified a specific business opportunity.
The Danish company must have at least 3 million DKK in equity, have at least 5 full time professional staff, and the project must be part of the company’s core business.
Danida Business Explorer is available in countries with a GNI below USD 4,034 per capita (The World Bank limit for Lower Middle Income Countries), and with a Danish representation. Danish companies can also apply for financial support to study the possibility of offering Danish solutions in humanitarian situations, in cooperation with humanitarian organizations. This applies in a number of countries where Denmark is engaged in humanitarian work.
For further information please refer to the Guidelines for Danida Business Explorer.
Questions can be addressed to the Ministry of Foreign Affairs of Denmark - Department for Growth and Employment (firstname.lastname@example.org).