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Business Scout Fund for the promotion of innovative project ideas

An information event gave the starting signal for the new instrument "Business Scout Fund", which will support the Business Scouts for Development worldwide in the implementation of innovative project ideas with their partner institutions.

Source: sequa

The Business Scouts for Development (BSfD) promote sustainable and responsible engagement by the private sector in around 40 countries across the globe. With the Business Scout Fund (BSF) the Scouts can initiate innovative projects developed by German Chambers of Commerce Abroad (AHKs) and other business organizations as well as partner institutions based in Germany, Europe, or partner countries in support of their engagement. The Business Scout Fund is funded by the German Federal Ministry for Economic Development and Cooperation (BMZ) and implemented by sequa on behalf of GIZ.

sequa will organize idea competitions severel times a year in which eligible partners can submit their ideas to implement promising projects. It is crucial that these project ideas are developed and submitted in cooperation with a Business Scout. Interested organizations can find out more about the dates of the next competitions, deadlines, and participation documents soon on the sequa website, directly through the responsible sequa managers or through the Business Scouts.